ZBRA - Here's Why Shares in Zebra Technologies Soared This Week
2024-02-16 08:28:28 ET
Zebra Technologies (NASDAQ: ZBRA) shares rose 12.1% on the week to Friday morning, according to data provided by S&P Global Market Intelligence . The move comes after the company's fourth-quarter earnings report encouraged investors to believe the worst might be over for the company.
The rise has nothing to do with its recent numbers. Fourth-quarter sales declined by 33%, and full-year sales were down 21%. Moreover, management doesn't see much near-term improvement, with guidance for first-quarter sales to decline by 17% to 20%.
Zebra had a difficult 2023 and is entering 2024 on weak footing for three reasons.
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Here's Why Shares in Zebra Technologies Soared This Week