Zebra Technologies Corporation - ZBRA STOCK NEWS

Zebra Technologies (NASDAQ: ZBRA) announced its intention to acquire antuit.ai, a provider of AI-powered SaaS solutions for retail and consumer packaged goods (CPG). This acquisition aims to enhance Zebra's portfolio by integrating advanced demand forecasting and inventory optimization capabilities. Antuit.ai's solutions will help retailers better manage product placement, pricing, and promotions, ultimately driving revenue growth. The transaction is expected to close in 2021, funded through Zebra’s cash reserves, and is estimated to have an immaterial impact on earnings in the same year.

Zebra Technologies Corporation (NASDAQ: ZBRA) has successfully acquired Fetch Robotics, enhancing its capabilities in automation. Fetch Robotics specializes in Autonomous Mobile Robots (AMRs) that optimize picking processes in fulfillment and distribution centers, as well as facilitate material delivery in manufacturing. This acquisition aligns with Zebra's mission to empower industries with advanced solutions, bolstering their existing offerings in retail, manufacturing, and logistics. The integration is expected to improve efficiency and operational performance across these sectors.

Zebra Technologies Corporation (NASDAQ: ZBRA) reported a strong second quarter of 2021, achieving net sales of $1,377 million, a 44% increase from the previous year. Gross profit rose 57% to $658 million, with an improved gross margin of 47.8%. Net income surged by 119% to $219 million, or $4.07 per diluted share. The company anticipates continued growth, forecasting a 21% to 25% increase in adjusted net sales for Q3 2021 and an adjusted free cash flow of at least $900 million for the full year. Supply chain challenges persist, but a robust order backlog supports the optimistic outlook.

Zebra Technologies Corporation (NASDAQ: ZBRA) will report its Q2 2021 financial results on August 3, 2021, followed by a conference call at 7:30 a.m. CT. Investors can access the live webcast through the company's investor relations webpage. Zebra focuses on providing innovative solutions in various industries, empowering businesses to optimize performance. The company has over 10,000 partners worldwide, enhancing operations in retail, manufacturing, healthcare, and more. Zebra was recognized in the Forbes Global 2000 and Fast Company’s Best Companies for Innovators in 2020.

Zebra Technologies (NASDAQ: ZBRA) has announced an extended partnership with the Reese’s Senior Bowl through 2024, continuing to provide RFID player and ball tracking technology. This technology will deliver key performance insights during practices and the game, enhancing NFL talent evaluations. New for 2022, Zebra will present several player performance awards and will support game week credentialing alongside Stark RFID. More than 130 players will be tracked, collecting metrics like speed and distance. The 73rd Senior Bowl is scheduled for February 5, 2022.

Zebra Technologies, through its Reflexis Systems division, has partnered with Vera Bradley to enhance customer shopping experiences by implementing Reflexis Appointments. This tool allows customers to schedule in-person or virtual shopping sessions, curbside pickups, and manage queues. Vera Bradley aims to improve compliance with health mandates while ensuring optimal staffing through AI-driven labor forecasts. Positive feedback from customers indicates a preference for this personalized shopping method, suggesting its continued usage in the future.

Zebra Technologies (NASDAQ: ZBRA) announced its intention to acquire Fetch Robotics, a leader in on-demand automation, for $290 million. This acquisition aims to enhance Zebra’s Enterprise Asset Intelligence strategy and bolster its position in intelligent industrial automation. Fetch's Autonomous Mobile Robots (AMRs) improve efficiency in warehouses and manufacturing, supporting labor shortages. The deal is expected to close in Q3 2021, subject to regulatory approval, and aims to increase synergies and revenue growth in the automation sector.

Zebra Technologies (NASDAQ: ZBRA) has achieved STIG validation from the Defense Information Systems Agency (DISA), allowing U.S. military agencies to procure 28 Android 10-based mobile devices for use on DoD networks. This validation enhances Zebra's reputation for security compliance in IT products. The company also holds Common Criteria certification, affirming the capabilities and security of its devices. Zebra's commitment to providing secure mobility solutions is emphasized as the public sector grows significantly, with their Mobility DNA platform enhancing enterprise-level device management and productivity.