Zebra Technologies (ZBRA): Shares cycle in bullish 'flag' formation

Filed under: Earnings reports, Good news, Caterpillar (CAT), Kimberly-Clark (KMB), AMR Corp (AMR), Technical Analysis, Stocks to Buy

Zebra Technologies (NASDAQ: ZBRA) provides printers, supplies and software used to produce bar codes, text and graphics on labels, cards, receipts, tickets and tags. It also makes EPC-compatible radio frequency identification (RFID) smart label printers/encoders for firms required to comply with major retail and government mandates. The company's products are used by businesses and governments in over 100 countries around the world, including more than 90% of the firms in the Fortune 500. Major clients include AMR Corporation (NYSE: AMR), Caterpillar (NYSE: CAT) and Kimberly-Clark (NYSE: KMB).

The Street was surprised late last month, when the company reported Q4 EPS of 45 cents and revenues of $233.6 million. Analysts had been looking for 43 cents and $226 million. Management also guided Q1 EPS to 36-44 cents (42 cent consensus) and Q1 revenues to $238-$255 million ($232.78M consensus). The Board authorized the purchase of an additional three million common shares.

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