U.S. Markets open in 4 hrs 22 mins

John Rogers Comments on Zebra Technologies Corp

- By Holly LaFon

Zebra Technologies Corporation (NASDAQ:ZBRA) declined -9.95% during the period despite reporting excellent third quarter results that beat both revenue and earnings expectations. Broad -based strength across mobile computing, data capture, and specialty printing were primary drivers. Capital allocation also remains excellent as this asset intelligence solutions provider continues to aggressively pay down debt from the enterprise acquisition. Despite these stellar results, its shares have been vulnerable to the general softness in technology stocks. We think this is an overreaction precisely because Zebra solutions have become essential to growth and operating efficiency across several industries.

This article first appeared on GuruFocus.