LINCOLNSHIRE, Ill. - Zebra Technologies Corporation (NASDAQ: ZBRA), renowned for its digital solutions that connect data, assets, and people, has announced the election of Ken Miller to its Board of Directors. Miller, who currently serves as the Executive Vice President and Chief Financial Officer of Juniper Networks (NYSE:JNPR), officially joined the Zebra Board on May 9, 2024, and will also participate on the Audit Committee.
Miller brings to the table over 25 years of experience in the technology sector, particularly noted for his strategic planning and successful business transformation efforts. His tenure at Juniper Networks since 1999 has been marked by various leadership roles, including overseeing financial planning, tax, treasury, and global business services. As CFO, Miller played a pivotal role in steering Juniper through critical growth phases and enhancing software monetization strategies.
“Anders Gustafsson, Chair of Zebra Technologies, expressed confidence that Miller's extensive experience and proven track record would significantly contribute to creating long-term value for shareholders.
Miller's appointment follows the departure of Richard Keyser, who served on the Zebra Board for 15 years. Gustafsson acknowledged Keyser's wisdom and contributions during his tenure.
In his reaction to the appointment, Miller expressed his alignment with Zebra's vision for long-term growth and his eagerness to contribute to the company's ongoing success. His leadership at Juniper included managing acquisitions and introducing AI advancements, as well as navigating supply chain and logistics challenges during the pandemic.
Zebra Technologies is a global leader that offers a wide range of solutions, including software, robotics, machine vision, and automation, to optimize workflows and enhance frontline operations. The company boasts a network of 10,000 partners worldwide and serves a significant portion of Fortune 500 companies.
This announcement is based on a press release statement from Zebra Technologies Corporation.
InvestingPro Insights
Zebra Technologies Corporation (NASDAQ: ZBRA), known for its innovative digital solutions, has recently made a strategic addition to its Board of Directors. As the company continues to navigate a dynamic market, its financial health and stock performance become critical points of interest for investors and industry observers alike. According to InvestingPro data, Zebra Technologies currently has a market capitalization of approximately $16.5 billion. The company's price-to-earnings (P/E) ratio stands at 46.7 based on the last twelve months as of Q1 2024, which is considered high, suggesting that the stock is trading at a premium compared to its earnings.
In terms of profitability, Zebra Technologies has demonstrated solid performance, with a gross profit margin of 46.37% over the last twelve months as of Q1 2024. This indicates a strong ability to convert revenue into profit, an attractive attribute for potential investors. Additionally, the company has experienced a significant price uptick, with a 47.94% total return over the last six months and an 18.57% return over the past year, reflecting robust investor confidence and market momentum.
InvestingPro Tips highlight that analysts have revised their earnings estimates upwards for the upcoming period, which could signal anticipated growth or improved financial performance. Furthermore, Zebra Technologies is trading near its 52-week high, with its stock price at 99.39% of this peak, a testament to the positive sentiment surrounding the company. However, it's important to note that the stock's movements have been quite volatile, which could indicate a higher risk profile for investors.
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