In a remarkable display of market resilience, Zebra Technologies Corp. (ZBRA) stock has reached a 52-week high, touching $403.78. This milestone underscores a period of robust growth for the company, which has seen an impressive 89.98% surge in its stock price over the past year. Investors have shown increasing confidence in Zebra's strategic direction and market position, propelling the stock to new heights and reflecting a strong bullish sentiment in the technology sector. The company's performance is particularly notable in a year marked by economic uncertainties, highlighting Zebra's potential for continued growth and market leadership.
In other recent news, Zebra Technologies reported a significant surge in its Q3 sales and earnings, with nearly $1.3 billion in sales, a 31% increase year-on-year, and non-GAAP diluted earnings per share of $3.49, a 300% rise from the previous year. The company's EBITDA margin also improved substantially, reaching 21.4%. This growth was fueled by robust performances across all primary end markets, including mobile computing, data capture, and printing.
Zebra Technologies has also raised its full-year outlook, anticipating continued growth in sales and adjusted EBITDA margins. The company expects non-GAAP diluted earnings per share to be between $13.30 and $13.50, and free cash flow to reach at least $850 million.
However, the company anticipates a decline in Q4 gross margin due to an increase in larger deal volumes and remains cautious for large projects in 2025 due to macroeconomic factors. Despite these challenges, Zebra Technologies remains optimistic about the continuation of recovery into 2025, with a strong emphasis on innovation and customer experience. The company's strategic initiatives, such as the acquisition of Matrox and the development of AI-enabled enterprise mobile computers, signal a robust approach to navigating the evolving market landscape.
InvestingPro Insights
Zebra Technologies Corp.'s recent achievement of a 52-week high is further supported by InvestingPro data, which reveals a remarkable 84.3% price total return over the past year. This aligns closely with the 89.98% surge mentioned in the article, confirming the stock's strong performance.
InvestingPro Tips highlight that Zebra is "Trading near 52-week high" and has shown a "Strong return over the last three months," with data indicating a 19.94% price total return in the last quarter. These insights reinforce the article's narrative of Zebra's market resilience and investor confidence.
Additionally, the company's Price to Earnings (P/E) ratio stands at 50.91, suggesting that investors are willing to pay a premium for Zebra's shares, potentially due to expectations of future growth. This high valuation multiple is consistent with the InvestingPro Tip noting that Zebra is "Trading at a high earnings multiple."
For readers seeking a deeper understanding of Zebra Technologies' financial health and market position, InvestingPro offers 12 additional tips, providing a comprehensive analysis to inform investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.