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Fly News Breaks for June 29, 2016
ZBRA
Jun 29, 2016 | 13:07 EDT
As previously reported, Northcoast downgraded Zebra Technologies to Neutral from Buy. Analyst Keith Housum said his Q2 survey of value added resellers, or VARs, indicates declining sales. Housum said a willingness to commit and spend by customers who represent large deals remains an issue, but extends to a lack of large RFPs, indicating Q3 will get off to a slow start. As a result, the analyst lowered Zebra's Q2 earnings estimate to $1.05 from $1.11 and revenues to $863M from $874M.
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