Zebra empowers the front line in retail/ecommerce, manufacturing, transportation and logistics, healthcare, public sector and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, Zebra delivers industry-tailored, end-to-end solutions to enable every asset and worker to be visible, connected and fully optimized. The company's market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care. In 2020, Zebra made Forbes Global 2000 list for the second consecutive year and was listed among Fast Company's Best Companies for Innovators.

Company profile
Ticker
ZBRA
Exchange
Website
CEO
Anders Gustafsson
Employees
Location
Fiscal year end
Industry (SIC)
Former names
ZEBRA TECHNOLOGIES CORP/DE
SEC CIK
Corporate docs
Subsidiaries
Antuit Canada, Inc. • Antuit Group Pte. Ltd. • Antuit Holdings Pte. Ltd. • Antuit India Private Limited • Antuit UK Limited • Antuit, Inc. • Cortexica Vision Systems Limited • Fetch Robotics, Inc. • Forecast Horizon, Inc. • Genuine Zebra Technologies Trading (Shanghai) Co., Ltd. ...
IRS number
362675536
ZBRA stock data
News
UBS Maintains Buy on Zebra Technologies, Lowers Price Target to $495
4 Aug 22
Starbucks To $93? Plus JP Morgan Predicts This PT For AMD
3 Aug 22
PayPal To $120? Here Are 5 Other Price Target Changes For Wednesday
3 Aug 22
Stephens & Co. Maintains Overweight on Zebra Technologies, Lowers Price Target to $500
3 Aug 22
Needham Maintains Buy on Zebra Technologies, Lowers Price Target to $450
3 Aug 22
Press releases
Zebra Technologies' Emissions Reduction Targets Validated by the Science Based Targets Initiative
11 Aug 22
Zebra Technologies Announces Second-Quarter 2022 Results
2 Aug 22
Zebra Technologies to Release Second Quarter Results on Aug. 2
19 Jul 22
Zebra Technologies Celebrates Five Wins at iF Design Awards 2022
6 Jul 22
NIRI Chicago Elects 2022-2023 Officers and Directors
29 Jun 22
Analyst ratings and price targets
Current price
Average target
$445.00
Low target
$335.00
High target
$500.00
UBS
Maintains
$495.00
Stephens & Co.
Maintains
$500.00
Needham
Maintains
$450.00
Morgan Stanley
Upgraded
$335.00
Calendar
2 Aug 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jul 22 | Apr 22 | Dec 21 | Oct 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 98M | 98M | 98M | 98M | 98M | 98M |
Cash burn (monthly) | 19.67M | 20.08M | 51M | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 26.5M | 27.06M | 68.71M | n/a | n/a | n/a |
Cash remaining | 71.5M | 70.94M | 29.29M | n/a | n/a | n/a |
Runway (months of cash) | 3.6 | 3.5 | 0.6 | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Aug 22 | Williams Stephen Edgar | Class A Common Stock | Sell | Dispose S | No | No | 328.58 | 208 | 68.34K | 1,976 |
4 Aug 22 | Williams Stephen Edgar | Class A Common Stock | Payment of exercise | Dispose F | No | No | 328.24 | 26 | 8.53K | 2,184 |
4 Aug 22 | Williams Stephen Edgar | Class A Common Stock | Option exercise | Acquire M | No | No | 244.97 | 102 | 24.99K | 2,210 |
4 Aug 22 | Williams Stephen Edgar | Class A Common Stock | Payment of exercise | Dispose F | No | No | 328.24 | 43 | 14.11K | 2,108 |
4 Aug 22 | Williams Stephen Edgar | Class A Common Stock | Option exercise | Acquire M | No | No | 205.12 | 175 | 35.9K | 2,151 |
4 Aug 22 | Williams Stephen Edgar | Class A Common Stock | Sell | Dispose S | No | No | 328.75 | 102 | 33.53K | 1,976 |
4 Aug 22 | Williams Stephen Edgar | Class A Common Stock | Sell | Dispose S | No | No | 328.48 | 2,021 | 663.86K | 2,078 |
4 Aug 22 | Williams Stephen Edgar | Stock Appreciation Right Class A Common Stock | Option exercise | Dispose M | No | No | 244.97 | 406 | 99.46K | 812 |
4 Aug 22 | Williams Stephen Edgar | Stock Appreciation Right Class A Common Stock | Option exercise | Dispose M | No | No | 205.12 | 468 | 96K | 468 |
12 May 22 | Smith Michael A | Class A Common Stock | Grant | Acquire A | No | No | 316.72 | 695 | 220.12K | 8,339 |
Institutional ownership, Q1 2022
86.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 768 |
Opened positions | 63 |
Closed positions | 157 |
Increased positions | 307 |
Reduced positions | 284 |
13F shares | Current |
---|---|
Total value | 18.42B |
Total shares | 44.71M |
Total puts | 315.4K |
Total calls | 255K |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 5.94M | $2.46B |
BLK Blackrock | 5.69M | $2.35B |
STT State Street | 2.17M | $898.78M |
APG Asset Management | 1.63M | $607.09M |
Alliancebernstein | 1.58M | $655.49M |
Kayne Anderson Rudnick Investment Management | 1.38M | $570.16M |
Pictet Asset Management | 1.05M | $435.47M |
Geode Capital Management | 1.05M | $432.47M |
ATAC Neuberger Berman | 989.97K | $409.8M |
JPM JPMorgan Chase & Co. | 914.61K | $378.37M |
Financial report summary
?Competition
PANASONIC • Honeywell International • Cognex • Impinj • Sonim • DecisionPoint Systems • InpixonManagement Discussion
- Total Net sales increased $91 million or 6.6% compared to the prior year as our customers continue to digitize and automate their workflows. Net sales grew across both of our segments and all of our regions. Current year Net sales included the negative effects of supply constraints, which were particularly pronounced in EVM. Prior year Net sales of both segments benefited from pent-up demand from customers who we believe delayed purchases in fiscal 2020 due to the COVID-19 pandemic. Excluding the effects of currency changes and acquisitions, the increase in Consolidated Organic Net sales was 6.9%.
- Gross margin decreased to 45.9% for the current quarter compared to 47.8% for the prior year. Gross margins were lower in both of our segments primarily due to higher premium freight and component part costs, as well as the negative impact of foreign currency changes, which were partially offset by favorable business mix and higher support service margins. The prior year gross margin included the benefit of partial recovery of Chinese import tariffs.
- Operating expenses for the quarters ended July 2, 2022 and July 3, 2021 were $819 million and $411 million, or 55.8% and 29.8% of Net sales, respectively. Excluding the Settlement charge, Operating expenses were 30.4% of Net Sales for the quarter ended July 2, 2022. The increase in Operating expenses over the prior quarter, excluding the Settlement charge in the current quarter, was primarily due to the inclusion of operating expenses and amortization of intangible assets associated with recently acquired businesses, increased Acquisition and integration costs as well as increased employee travel as in-person activities continued to resume. These increases were partially offset by lower employee incentive-based compensation.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
agreed, asserted, benchmark, charge, charged, comprised, covenant, deny, dismissed, distributor, estate, grew, incremental, issuance, license, licensed, mutual, newly, pay, pending, refinanced, refinancing, resolve, resolved, Restated, ROU, royalty, sue, vast
Removed:
approach, April, back, controlled, disinfecting, distancing, ease, evolving, extensively, frequently, hand, partly, protective, provision, research, screening, situation, social, tracing, vaccine
Financial reports
Current reports
8-K
Zebra Technologies Announces Second-Quarter 2022 Results
2 Aug 22
8-K
Entry into a Material Definitive Agreement
6 Jul 22
8-K
Other Events
30 Jun 22
8-K
Entry into a Material Definitive Agreement
26 May 22
8-K
Zebra Technologies Board Approves Additional $1 Billion Share Repurchase Authorization
17 May 22
8-K
Zebra Technologies Announces First-Quarter 2022 Results
3 May 22
8-K
Zebra Technologies to Acquire Matrox Imaging, Broadening Its Portfolio of Machine Vision Solutions
15 Mar 22
8-K
Zebra Technologies Announces Fourth-Quarter and Full-Year 2021 Results
10 Feb 22
8-K
Nelda Connors Elected to Zebra Technologies Board of Directors
9 Nov 21
8-K
Zebra Technologies Announces Third-Quarter 2021 Results
2 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
2 Sep 20
S-8
Registration of securities for employees
5 Jun 20
SC TO-T/A
Third party tender offer statement (amended)
14 Aug 18
SC TO-T/A
Third party tender offer statement (amended)
2 Aug 18
SC TO-T
Third party tender offer statement
17 Jul 18
SC TO-C
Information about tender offer
4 Jul 18
S-8
Registration of securities for employees
31 May 18
S-8
Registration of securities for employees
18 May 15
S-8
Registration of securities for employees
30 May 11
15-12G
Securities registration termination
9 Jun 10
Proxies
DEFA14A
Additional proxy soliciting materials
1 Apr 22
DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEFA14A
Additional proxy soliciting materials
27 Apr 20
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
DEF 14A
Definitive proxy
4 Apr 18
Other
SD
Conflict minerals disclosure
26 May 22
SD
Conflict minerals disclosure
31 May 21
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
9 Jul 17
CORRESP
Correspondence with SEC
22 Jun 17
UPLOAD
Letter from SEC
14 Jun 17
SD
Conflict minerals disclosure
30 May 17
UPLOAD
Letter from SEC
1 Jun 16
Ownership
4
ZEBRA TECHNOLOGIES / Stephen Edgar Williams ownership change
8 Aug 22
4
ZEBRA TECHNOLOGIES / Linda Connly ownership change
16 May 22
4
ZEBRA TECHNOLOGIES / RICHARD L KEYSER ownership change
16 May 22
4
ZEBRA TECHNOLOGIES / Frank Blaise Modruson ownership change
16 May 22
4
ZEBRA TECHNOLOGIES / ROSS W MANIRE ownership change
16 May 22
4
ZEBRA TECHNOLOGIES / JANICE M ROBERTS ownership change
16 May 22
4
ZEBRA TECHNOLOGIES / Chirantan Jitendra Desai ownership change
16 May 22
4
ZEBRA TECHNOLOGIES / Nelda J Connors ownership change
16 May 22
4
ZEBRA TECHNOLOGIES / MICHAEL A SMITH ownership change
16 May 22
4
ZEBRA TECHNOLOGIES / ANDERS GUSTAFSSON ownership change
9 May 22
Patents
Utility
Systems and Methods for Adaptive Energy Storage in an Illumination System
11 Aug 22
Systems and methods for adaptive energy storage in an illumination system are disclosed herein.
Utility
Temperature Indicator with Electrochemical Switch
11 Aug 22
A temperature-activatable temperature indicator that includes a substrate and an indicator material supported by the substrate.
Utility
Modular Dock for Mobile Computing Devices
11 Aug 22
A dock for a computing device includes: a cradle configured to receive a first edge of the computing device; a body extending from the cradle, the body having: (i) a first mounting surface configured to removably support a first accessory module in a first volume adjacent to the computing device, and (ii) a second mounting surface configured to removably support, independently of the first accessory module, a second accessory module in a second volume disjoint from the first volume.
Utility
Dynamic Label Control for Shelved Items
11 Aug 22
A method for accurate cost reporting of shelved items includes: storing a plurality of data sets corresponding to respective chutes in a facility, each data set containing (i) an item identifier, (ii) label data, and (iii) an identifier of a dynamic label disposed at a corresponding chute; receiving, from a sensor mounted at or near a first one of the chutes, a detected item identifier corresponding to a forward position in the chute that is adjacent to an edge of a shelf defining the chute; retrieving, from the repository, (i) the identifier of a first dynamic label corresponding to the first chute, and (ii) detected label data from one of the data sets containing the detected item identifier; and sending a command to the first dynamic label, the command containing the detected label data, for causing the first dynamic label to display the detected label data.
Design
Data capture device
9 Aug 22
Inventors: Sunghun Lim, Li-Ko Wang, Kevin C. Chen, JaeHo Choi
Transcripts
2022 Q2
Earnings call transcript
2 Aug 22
2022 Q1
Earnings call transcript
3 May 22
2021 Q4
Earnings call transcript
10 Feb 22
2021 Q3
Earnings call transcript
2 Nov 21
2021 Q2
Earnings call transcript
3 Aug 21
2021 Q1
Earnings call transcript
4 May 21
2020 Q3
Earnings call transcript
3 Nov 20
2020 Q3
Earnings call transcript
3 Nov 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
28 Apr 20
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