BUZZ-Zebra Technologies down after Spruce point declares short position in co
Reuters · 08/08 13:31
Share
Listen to the news
** Shares of barcode scanner maker Zebra Technologies ZBRA.O fall 2% to $308 in premarket trading
** Short-seller Spruce Point says ZBRA is downplaying competitive pressures across its core hardware and software offerings and may be embellishing market leadership claims
** Also raises concerns about ZBRA's credibility of management and board, accuracy of its financial reporting and sustainability of its growth and valuation multiple
** Based on Spruce Point's investigation, ZBRA's share price could have 65%-80% long-term potential downside risk
** ZBRA stock up 15% YTD
(Reporting by Priyanka.G in Bengaluru)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2024 Webull. All Rights Reserved