Zebra Technologies CorporationNASDAQ
Tue, Nov. 15, 12:09 PM
- Gaining on five times or more their normal volume:
- Equity One (EQY +8.6%)
- Golar LNG (GLNG +8.1%)
- LG Display (LPL +1.9%)
- Mentor Graphics (MENT +1.2%)
- Zebra Technologies (ZBRA +12.8%)
Tue, Nov. 15, 10:56 AM
- Results – revenue $906M (-1.4% Y/Y, in-line with consensus), EPS $1.43 (consensus $1.41), net income $75M (vs. $72M Y/Y), gross margin 45.9% (vs. 45.4% Y/Y), operating expenses $438M (vs. $389M Y/Y), acquisition and integration and exit and restructuring costs $35M (-$8M Y/Y), amortization of intangible assets $59M (unchanged)
- Q4 projections – adjusted net sales to decrease 1%-4% Y/Y ($954M in 2015) [consensus $955.65M], adjusted EBITDA margin 19%-20%, EPS $1.65-$1.85 (consensus $1.72), $300M debt principal pay-down on track
- Other developments – CFO shift
- Zebra Technologies (NASDAQ:ZBRA) Anders Gustafsson: "We reported solid third-quarter results despite a challenging environment. Margin expansion and disciplined operating expense and working capital management enabled us to pay down $90 million of debt. In addition, we completed the sale of our wireless LAN business, which enables Zebra to enhance our focus on our core business while improving our growth profile. Our teams are focused on extending our leadership position in the markets we serve. We expect to finish the year in a strong position as we advance our strategic priorities and deliver innovative solutions to our customers, which allow them to improve visibility into their operations."
- Prior quarters overview
- Earnings call slides
- Conference call
- Press release
Tue, Nov. 15, 6:34 AM
Mon, Nov. 14, 5:35 PM
Tue, Aug. 9, 10:07 AM
- Zebra Technologies (ZBRA +6.4%) posted revenue down 1.2% from Q2 2015, though came in above this quarter's expectations.
- Net sales of $879M vs. $890M Y/Y, net loss of $49M vs. $77M Y/Y, operating expenses of $384M vs. $407M Y/Y and net income of $70M vs. $53M Y/Y.
- Enterprise segment contributed $577M to adjusted net sales vs. $574M Y/Y. Legacy Zebra segment net sales of $305M vs. $320M Y/Y.
- Adjusted gross margin of 46.4% vs. 44.5% Y/Y and adjusted EBITDA of $144M vs. $131M Y/Y.
- Projects FY 2016 net sales to grow -3%-1% vs. FY 2015 net sales of $3.668B. Projects Q3 adjusted net sales to decrease -3%-0% vs. Q3 2015 net sales of $919M.
- CEO Anders Gustafsson: "Our solid second quarter results reflected sales in-line with our expectations, gross margin expansion, lower expenses, and improved profitability versus the prior year, against a challenging macro-economic backdrop. Furthermore, we continued to make steady progress on our integration of the Enterprise business."
- Presentation slides
- Conference call
- Press release
Tue, Aug. 9, 6:33 AM
Mon, Aug. 8, 5:30 PM
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Tue, May 10, 6:33 AM
- Zebra Technologies (NASDAQ:ZBRA): Q1 EPS of $1.01 misses by $0.21.
- Revenue of $847M (-5.2% Y/Y) misses by $31.67M.
Mon, May 9, 5:30 PM| Mon, May 9, 5:30 PM | 1 Comment
Thu, Feb. 25, 12:48 PM
Thu, Feb. 25, 12:00 PM
- In addition to missing Q4 sales estimates (while beating on EPS), Zebra Technologies (ZBRA -13.3%) is guiding for Q1 revenue to be flat to down 3% Y/Y and EPS of $1.19-$1.34, below a consensus for 1.4% revenue growth and EPS of $1.37.
- Full-year sales guidance is for 1%-4% growth vs. a 3.5% consensus. Adjusted EBITDA margin is expected to rise to 17%-18% from 2015's 16.6%.
- Excluding purchase accounting adjustments, GAAP gross margin fell 150 bps Y/Y in Q4 to 45.1%, something Zebra attributes to mix changes caused by the acquisition Motorola Solutions' enterprise hardware unit. Boosting EPS: Operating expenses (lifted by the Motorola deal) rose 12% to $405.5M, less than revenue growth of 21%.
- Zebra ended 2015 with $192M in cash and $3B in long-term debt. The company expects to pay down at least $300M in debt in 2016.
- Zebra's Q4 results, earnings release
Thu, Feb. 25, 6:34 AM
- Zebra Technologies (NASDAQ:ZBRA): Q4 EPS of $1.51 beats by $0.04.
- Revenue of $952.74M (+20.5% Y/Y) misses by $7.52M.
Wed, Feb. 24, 5:30 PM
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Tue, Feb. 16, 3:05 PM
- Plenty of tech companies are posting outsized gains on a day the Nasdaq is up 2%. Not surprisingly, many of the standouts are companies that have been hammered since New Year's.
- Notable gainers include action camera leader GoPro (GPRO +12.9%) and GoPro video processor supplier Ambarella (AMBA +6.2%), threat-prevention tech provider FireEye (FEYE +11.2%), supercomputer maker Cray (CRAY +19.5%), chip packaging/testing firm ChipMOS (IMOS +17.8%), point-of-sale hardware/software firm NCR (NCR +9.7%), Web hosting/domain registration firm GoDaddy (GDDY +9%), and driver-assistance system provider Mobileye (MBLY +7.4%). FireEye fell on Friday in the wake of its Q4 report.
- Other big gainers: RF chipmakers Skyworks (SWKS +6.4%) and Qorvo (QRVO +8.9%), 4G modem/M2M module maker Sierra Wireless (SWIR +8%), microcontroller/flash memory maker Cypress Semi (CY +7.5%), microphone maker Knowles (KN +8%), inventory-tracking hardware firm Zebra Technologies (ZBRA +8.5%), cloud HR software firm Paylocity (PCTY +7.8%), cloud collaboration/chat software firm Atlassian (TEAM +10.5%), touch controller/display driver vendor Synaptics (SYNA +7.8%), and online P2P lender LendingClub (LC +14.2%). LendingClub rallied last week after posting a Q4 beat and announcing a $150M buyback.
- Previously covered: Solar stocks, Chinese tech stocks, Groupon, Sonus, Black Box, Canadian Solar, Palo Alto Networks, Qualcomm
Dec. 21, 2015, 1:58 PM
- C.J. Desai, president of EMC's Emerging Technologies unit and before that a Symantec EVP, has joined Zebra Technologies' (ZBRA +2%) board. The board now has nine members.
- Chairman Michael Smith: "[C.J.] has extensive experience making and integrating technology acquisitions, and his deep technology background in software-driven applications and solutions strengthens Zebra's role as trusted advisor to our clients who are focused on these major trends. CJ ... brings vision, insight and experience in some of our key vertical markets and in security, a foundational element to the stable growth of the IoT and enterprise asset intelligence."
- Zebra's board bio page
Nov. 16, 2015, 3:49 PM
- CFO Michael C. Smiley bought 1,400 Zebra Technologies (NASDAQ:ZBRA) shares last Thursday at $73.26. Global sales SVP Joe Heel bought 1,328 shares at $75.57.
- The purchases came with the handheld computer/inventory-tracking hardware firm trading far below a June high of $119.47. Shares tumbled last week after Zebra posted mixed Q3 results (revenue missed, EPS beat) and offered soft Q4 guidance.