Report
Neil Macker
EUR 101.80 For Business Accounts Only

Zebra Reports Another Strong Quarter; Margin Expansion Appears to Have Staying Power

Zebra posted third-quarter revenue and EBITDA results that came in ahead of expectations. The beat was driven by strength across the entire portfolio, especially in mobile computing. We reiterate our $97 fair value estimate and narrow moat rating. We think shares are overvalued at current levels and would encourage investors to wait for a pullback before investing.
For the quarter, Zebra reported total adjusted net sales of $936 million, up 3% year over year on a reported basis and 6% on an orga...
Underlying
Zebra Technologies Corporation Class A

Zebra Technologies designs, manufactures, and sells a range of automatic identification and data capture products, including: mobile computers, barcode scanners and imagers, radio frequency identification devices (RFID) readers, printers for barcode labeling and personal identification, real-time location systems, related accessories and supplies, such as labels and other consumables, and software utilities and applications. The company has two segments: Asset Intelligence and Tracking, which includes barcode and card printing, supplies, services, location solutions, and retail solutions; and Enterprise Visibility and Mobility, which includes mobile computing, data capture, RFID, and services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Neil Macker

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