ZBRA
Zebra Technologies Corp
Industrial/Transportation
04/06/2015
Presented
| Date | 03/31/2015 |
| Price | $90.72 |
| Market Cap | $4.69B |
| Ent Value | $7.47B |
| P/E Ratio | N/A |
| Book Value | $20.13 |
| Div Yield | N/A |
| Shares O/S | 51.75M |
| Ave Daily Vol | 480,000 |
| Short Int | 2.62% |
Current
| Price | $375.30 |
| Market Cap | $19.36B |
| Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, sells, and supports direct thermal and thermal transfer label printers, radio frequency identification (RFID) printer/encoders, dye sublimation card printers, real-time locating solutions, related accessories, and support software worldwide. It products are used principally in automatic identification (auto ID), data collection, and personal identification applications. The company also provides mobile computing and advanced data capture technologies and services, which include rugged and enterprise-grade mobile computers; laser, imaging, and radio frequency identification based data capture products; wireless LAN (WLAN) solutions and software; and applications that are associated with these products and services. In addition, it offers data capture devices, such as laser, 2D, and RFID scanners and readers; specialty printers for barcode labeling and personal identification; related supplies comprising self-adhesive labels; and utilities, frameworks, and application software. Further, the company provides maintenance, product support, and repair services, as well as network integration, network and device management, and mobility consulting services. It serves retailers, manufacturers, transportation and logistics companies, governments, healthcare institutions, and other organizations for the automatic identification of assets, data collection, and personal identification. The company sells its products through a network of resellers, distributors, and end users representing industrial, service, and government organizations. Zebra Technologies Corporation was founded in 1969 and is headquartered in Lincolnshire, Illinois. |
Publicly traded companies mentioned herein: Honeywell International Inc (HON), Motorola Solutions Inc (MSI), Zebra Technologies Corporation (ZBRA)
Highlights
The presenter is bullish on shares of Zebra Technologies (ZBRA), which completed the acquisition of Motorola Solutions' Enterprise business (“Enterprise” - a $3.45 billion deal) in October, 2014. He thinks the strategic deal sets the company up nicely to benefit from the current replacement cycle, and views management’s synergies guidance as conservative. The complementary nature of the Enterprise business allows ZBRA to offer its retail customers a complete end-to-end solution (including RFID tag, access ID, customer engagement, mobile payment, and self service solutions). This allows retailers to more effectively engage consumers (via mobile coupons and interactive kiosks), and given the average age of equipment in the market, the combined business can be expected to outperform as the cycle picks up steam. Applying a market multiple to the midpoint of his EPS forecast range over the next 12 months suggests shares of ZBRA can trade up to $135.
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