InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$369.01

2026-10-16

Market Cap

$17.5B

Volume

0.5M

52-Wk High

$390.80

52-Wk Low

$199.05

Trailing PE

34.5

P/S

2.99

Gross Margin

48.9%

Net Margin

9.2%

ROE

15%

ROIC

10%

Piotroski

8/9

Altman Z

3.7

1-Yr Return

+25.5%

5-Yr Return

+83.2%

Zebra Technologies Corporation, alongside its affiliated entities, delivers enterprise asset intelligence solutions globally within the automatic identification and data capture (AIDC) sector. Operating through its Asset Intelligence & Tracking and Enterprise Visibility & Mobility segments, the company provides a comprehensive suite of products and services. Its hardware lineup includes specialized printers for generating labels, wristbands, tickets, receipts, and plastic cards, alongside advanced dye-sublimation thermal card printers for secure identification and financial transactions, and RFID printers for data encoding. Complementing these are various accessories and essential consumables such as thermal labels, ribbons, RFID tags, and critical temperature-monitoring labels, notably used in vaccine distribution. Zebra also manufactures barcode scanners, image capture devices, RFID readers, robust rugged tablets, and enterprise-grade mobile computing solutions. Their technology extends to real-time location systems, incorporating tags, sensors, and exciters, supported by middleware and application software. Beyond hardware, Zebra offers a diverse range of software solutions, including physical inventory management, workforce management, workflow execution, prescriptive analytics, and communication and collaboration tools, enriched by cloud-based subscriptions and robotics automation. The company provides extensive support services, encompassing maintenance, technical assistance, repairs, and comprehensive managed and professional services. Zebra serves a broad spectrum of industries, including retail, e-commerce, manufacturing, transportation, logistics, healthcare, and the public sector, reaching clients through a direct sales force and a widespread network of channel partners. Established in 1969, Zebra Technologies is headquartered in Lincolnshire, Illinois.

SectorTechnologyIndustryCommunication EquipmentExchangeNASDAQMarket Cap$17.5BEmployees10,700 (SEC-filed)CEOWilliam J. BurnsIPO1991-08-15CountryUS

3 Overlook Point, Lincolnshire, IL 60069 · Tel 847 634 6700 · zebra.com

INSIDERSTREET SCORE63 / 100Street mean $394.67 (6 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALTWO-WAY FLOW$0.2M buys against $2.4M sells / 6 mo

1 Year vs S&P 500 · ZBRA +25.5% · S&P 500 +15.9% · spread +9.7pp

7 Years vs S&P 500 · ZBRA +83.2% · S&P 500 +189.9% · spread -106.7pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE63of 100

Score Breakdown

Profitability	59/100
Growth	48/100
Momentum	77/100
Quality	75/100
Earnings Quality	71/100
Balance Sheet	41/100
Value	42/100
Risk (safety)	80/100
Overall	62.6/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
UI	85
VIAV	31
VSAT	38
CIEN	75
AAOI	50
LITE	45
ZBRA	63

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 73 in 25 Q1, latest 63 — -11 since. Fell in 2 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY63 / 100IS Score 62.6 / 100 · -10.6 from peak of 73

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTURENEUTRALTechnical Score 52 / 100 · Power +5 · 11 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 63 and price structure at 52 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 62.6	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 67 → 52 → 53 → 63	the direction matters more than the level
Technical vote share back above 50%	now 45%	price structure no longer broken
Institutional holder count rises two quarters running	peak 782 → now 650	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

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This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score2 of 4top 13% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)1 buys2026-05-01

Insider Buys (180d)0none disclosed

ETF Funds (30d)482 up / 518 downnet -36 funds

Institutions Added (13F)11managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 782 · latest 650 (-132 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	650	49.3M	$12.7B	97.9%
2026 Q1	639	46.8M	$9.7B	93.0%
2025 Q4	711	46.5M	$11.0B	92.4%
2025 Q3	765	47.6M	$14.0B	94.6%
2025 Q2	762	47.2M	$14.3B	93.8%
2025 Q1	741	46.3M	$12.6B	91.9%
2024 Q4	782	45.9M	$17.3B	91.1%
2024 Q3	728	46.0M	$16.3B	91.3%
2024 Q2	697	46.8M	$13.8B	92.9%
2024 Q1	662	47.3M	$13.7B	93.9%
2023 Q4	660	46.7M	$12.3B	92.7%
2023 Q3	651	45.6M	$10.5B	90.6%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

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Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Connly Linda	director	2026-08-10	SELL	500	$0.19M	3,708
Cho Michael	Chief Strategy Officer	2026-08-07	SELL	3,500	$1.31M	5,170
Luff Loizides Melissa	Chief People Officer	2026-08-03	TAX W/H	46	$0.01M	3,656
Luff Loizides Melissa	Chief People Officer	2026-05-26	SELL	500	$0.13M	3,702
Mcdowell Mary T	director	2026-05-19	A-Award	951	$0.24M	1,520
Smith Michael A	director	2026-05-19	A-Award	951	$0.24M	11,646
Miller Kenneth Bradley	director	2026-05-19	A-Award	951	$0.24M	2,482
Gustafsson Anders	director	2026-05-19	A-Award	951	$0.24M	228,443

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	6	7,654	$2.4M	Counted
P — Open-market purchases	2	700	$0.2M	Counted
M — Exercises (paired A/D)	6	33,557	$2.0M	None — mechanics
F — Tax withholding	35	37,271	$8.2M	None — compensation

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalTwo-Way Flow

Open-Market Sells$2.4M6 txns / 6 mo

Open-Market Buys$0.2M2 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-08-10	Lindaconnly	500	$0.2M
2026-08-07	Michael Cho	3,500	$1.3M
2026-05-26	Luff Loizides Melissa	500	$0.1M
2026-05-14	Janice M. Roberts	3,000	$0.7M
Trailing 12 mo	6 filings	7,654	$2M

Filed	Form	Reporting person	% of class	Shares
2026-08-04	SCHEDULE 13G	Boston Partners	5.45%	2.6M sh
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.36%	3.6M sh
2026-04-29	SCHEDULE 13G	Vanguard Portfolio Management	5.71%	2.8M sh
2026-03-27	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change

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Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	BUY	$1,001 - $15,000	2026-05-01	2026-06-11
Kelly Louise Morrison	House	SELL	$1,001 - $15,000	2025-06-04	2025-06-19
Kelly Louise Morrison	House	SELL	$15,001 - $50,000	2025-06-04	2025-06-19

House 12-Mo1 trades1 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)639

13F Shares47M93.0% of shares out

New / Closed72 / 129positions, QoQ

Increased / Reduced197 / 272positions, QoQ

Put/Call (13F)0.82option positions

Free Float99.1%47M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Fenimore Asset Management Inc	321,007	$120M
Wedge Capital Management L L P/Nc	204,372	$76M
Vontobel Holding Ltd.	153,792	$57M
Oslo Pensjonsforsikring As	128,332	$48M
Zwj Investment Counsel Inc	82,201	$31M
Assenagon Asset Management S.A.	81,282	$30M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$561M
VSMPX	0.0%	$561M
VTSAX	0.0%	$561M
VTI	0.0%	$561M
VFFSX	0.0%	$463M
VOO	0.0%	$463M

13F Filers Holding ZBRA — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session34.9%2026-10-15

20-Day Avg48.7%50-day 45.7%

TrendRising20d vs 50d

By Market CenterQ: 34% · N: 52% · B: 43%latest session

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Weekly Notional ($B)

Where ZBRA Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Sgmt Sigma X2	0.7M	20 sh
Ebxl Level Ats	0.7M	16 sh
Ubsa Ubs Ats	0.6M	31 sh
Mlix Instinct X	0.5M	32 sh
Cgxs Onechronos	0.4M	43 sh
Mstx Ms Trajectory Cross (Ats-1)	0.4M	15 sh

Where a dollar of Zebra Technologies Corporation revenue goes. All values FY2025 filings, live.

Region	Revenue	Share
North America	$2.7B	30%
UNITED STATES	$2.6B	30%
EMEA	$1.7B	19%
GERMANY	$864M	10%
Asia Pacific	$613M	7%
Latin America	$364M	4%

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ZBRA (live moat model)Peer median: UI · VIAV · VSAT · CIEN · AAOI

Component scores from the live moat model. Peer median illustrative.

Moat score 49/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
William J. Burns	Chief Executive Officer & Director
Richard Edward Hudson	Chief Revenue Officer
Nathan Andrew Winters	Chief Financial Officer
Melissa Luff Loizides	Chief People Officer

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)5 of 6recent quarters

Avg Surprise+13.6%

Next Report2026-11-03

Income Quality1.82OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

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Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+26.5%	+2.7%	-20.7%	+8.7%	+8.3%
Gross profit	+31.2%	-0.2%	-19.1%	+13.7%	+2.7%
Operating income	+50.4%	-46.0%	-9.1%	+54.3%	+7.8%
Net income	+66.1%	-44.7%	-36.1%	+78.4%	-20.6%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	5.6	5.8	4.6	5.0	5.4
Cost of revenue	3.0	3.2	2.5	2.6	2.9
Gross profit	2.6	2.6	2.1	2.4	2.5
R&D expense	0.6	0.6	0.5	0.6	0.6
SG&A expense	0.9	1.0	0.9	1.0	1.1
Operating income	1.0	0.5	0.5	0.7	0.8
EBITDA	1.2	1.1	0.8	0.9	1.0
D&A	0.2	0.2	0.2	0.2	0.2
Pretax income	1.0	0.5	0.3	0.6	0.6
Income tax	0.1	0.1	0.0	0.1	0.1
Net income	0.8	0.5	0.3	0.5	0.4
Diluted EPS ($)	15.53	8.81	5.72	10.18	8.18
Diluted shares (M)	54	53	52	52	51

Operating CF$1B

CapEx$0B

Free cash flow$1B

SBC$0B

Buybacks$1B

Net cash change$-1B

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Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.1	0.1	0.9	0.1
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	0.8	0.6	0.7	0.8
Total current assets	1.9	1.7	2.4	1.8
PP&E (net)	0.4	0.5	0.5	0.5
Goodwill + intangibles	4.5	4.4	4.3	5.5
Total assets	7.5	7.3	8.0	8.5
Accounts payable	0.8	0.5	0.6	0.7
Short-term debt	0.2	0.2	0.1	0.1
Deferred revenue	0.4	0.5	0.5	0.4
Total current liabilities	2.3	1.6	1.7	1.9
Long-term debt	1.9	2.0	2.1	2.5
Total liabilities	4.8	4.3	4.4	4.9
Shareholders' equity	2.7	3.0	3.6	3.6

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	0.5	0.3	0.5	0.4
D&A	0.2	0.2	0.2	0.2
Stock-based compensation	0.0	0.1	0.0	0.2
Working capital change	0.0	(0.5)	0.3	0.1
Operating cash flow	0.5	(0.0)	1.0	0.9
Capital expenditures	(0.1)	(0.1)	(0.1)	(0.1)
Investing cash flow	(1.0)	(0.1)	(0.1)	(1.5)
Buybacks	(0.8)	(0.1)	(0.0)	(0.6)
Dividends paid	0.0	0.0	0.0	0.0
Debt issuance / (repay)	1.0	0.2	(0.0)	0.3
Financing cash flow	0.3	0.1	(0.2)	(0.2)
Free cash flow	0.4	(0.1)	1.0	0.8

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	32.6%	16.2%	10.3%	15.9%	11.7%	15%
ROA	14.4%	6.7%	4.0%	6.9%	5.1%	6.2%
ROIC	22.3%	9.1%	8.0%	12.2%	9.3%	10.3%
Gross margin	46.7%	45.4%	46.3%	48.4%	45.9%	48.9%
Operating margin	17.4%	9.2%	10.5%	14.9%	14.8%	16.1%
Net margin	14.9%	8.0%	6.5%	10.6%	7.8%	9.2%
EBITDA margin	20.6%	19.7%	16.6%	18.8%	18.3%	19.7%
FCF margin	17.9%	7.1%	-2.0%	19.2%	15.4%	—
VALUATION
P/E	38.31	28.77	47.73	37.98	29.35	34.5
P/B	10.75	4.87	4.65	5.59	3.43	5.4
P/S	5.70	2.30	3.08	4.03	2.28	2.99
P/FCF	31.75	32.25	-155.25	21.02	14.80	19.3
EV/EBITDA	27.98	13.64	29.77	22.96	15.80	17.6
EV/Revenue	5.84	2.69	3.58	4.32	2.78	3.5
Earnings yield	2.6%	3.5%	2.1%	2.6%	3.4%	2.90%
FCF yield	3.1%	3.1%	-0.6%	4.8%	6.8%	5.18%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.94	0.81	1.05	1.43	0.97	0.52
Quick ratio	0.67	0.44	0.54	1.03	0.58	0.33
Debt / equity	0.38	0.86	0.80	0.66	0.78	0.86
Debt / assets	18.4%	31.1%	33.0%	29.6%	33.1%	34.3%
Net debt / EBITDA	0.69	1.96	4.13	1.56	2.84	2.44
Interest coverage	58.12	15.60	3.47	7.81	3.75	—

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Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.97	0.84	0.62	0.65	0.66	0.68
Receivables turnover	8.93	7.61	7.11	8.21	7.23	5.6
DSO (days)	41	48	51	44	50	65
DPO (days)	79	87	94	77	85	90
Cash conversion cycle	23	39	81	73	57	65
GROWTH (YoY)
Revenue growth	26.5%	2.7%	-20.7%	8.7%	8.3%	—
Net income growth	66.1%	-44.7%	-36.1%	78.4%	-20.6%	—
EPS growth	65.8%	-42.6%	-35.8%	77.6%	-18.7%	—
FCF growth	12.8%	-59.1%	-122.0%	1148.4%	-12.9%	—
PER SHARE ($)
EPS (diluted, TTM)	15.54	8.91	5.73	10.17	8.27	10.70
Book value / share	55.38	52.62	58.74	69.07	70.84	68.21
Revenue / share	104.44	111.30	88.69	95.94	106.53	116.10
FCF / share	18.75	7.95	-1.76	18.38	16.41	17.95
Cash / share	6.16	2.02	2.65	17.35	2.47	3.12
SHAREHOLDER RETURN & SCORES
Buyback yield	0.2%	5.6%	0.4%	0.2%	4.8%	6.69%
Altman Z-Score	8.17	3.52	3.62	4.65	3.29	3.7
Piotroski F-Score	7	4	3	8	5	8/9
Beneish M-Score	-2.23	-2.37	-2.54	-2.59	-2.48	-2.27

Model	Score	Zone	Note
Piotroski F-Score	8 / 9	Strong
Altman Z-Score	3.7	Safe (>2.99)	Safe
Income quality	1.82	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.27	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.76
Interest burden	0.76
Operating margin	16.0%
Asset turnover	0.71×
Financial leverage	2.35×
= ROE	15%

Growth Quality (live)	Value
Revenue stability	0.07
Earnings stability	0.17
Earnings persistence	0.99
Revenue CAGR 3y	2.1%
EPS CAGR 3y	-5.4%
FCF CAGR 3y	83.6%

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Buyback Yield6.69%

Dividend Yield0.00%none paid

Total Shareholder Return6.65%cash yield

SBC / Revenue3.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
UI	$36.4B	37.9	91%	30.4%	+27.2%	7/9	-20.1%
VIAV	$8.2B	-260.0	-3%	7.4%	+40.0%	6/9	+150.6%
VSAT	$8.1B	-226.3	-1%	-4.5%	+1.3%	6/9	+62.7%
CIEN	$47.2B	72.0	22%	15.9%	+32.6%	8/9	+95.0%
AAOI	$6.4B	-97.0	-5%	-11.9%	+61.8%	3/9	—
LITE	$74.7B	-8.9	-240%	—	+83.2%	5/9	—
BDC	$4.0B	16.5	19%	9.1%	+9.4%	9/9	—
MSI	$76.6B	36.1	92%	17.8%	+10.3%	7/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

27 Analysts

Str Sell (0)Sell (0)Hold (8)Buy (19)Str Buy (0)

Mean Target (qtr)$394.676 targets

Target vs. Price+7.0%last-quarter mean

Next Report2026-11-03street $4.89

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$6.23B	$6.24B / $6.21B	$21.16	$21.47 / $20.92	9
FY2027	$6.61B	$6.70B / $6.42B	$22.33	$22.78 / $21.63	9
FY2028	$6.93B	$7.06B / $6.84B	$24.24	$26.57 / $19.65	7

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Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$378.00	+2.4%	1
Last Quarter	$394.67	+7.0%	6
Last Year	$344.38	-6.7%	21
All Time	$363.80	-1.4%	45

Rolling mean of published targets vs. last close $369.01. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B-

DCF

2/5

ROE

4/5

ROA

3/5

Debt/Eq

1/5

P/E

2/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

ZBRA +25.5% vs S&P 500 +15.9% — spread +9.7pp

Sector — XLK +29.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$375.30	-6.29	-1.68%	Below
SMA 50	$365.81	+3.20	+0.87%	Above
SMA 200	$273.75	+95.26	+34.80%	Above
EMA 9	$378.17	-9.16	-2.42%	Below
EMA 21	$373.55	-4.54	-1.22%	Below
EMA 50	$355.80	+13.21	+3.71%	Above
EMA 200	$300.96	+68.05	+22.61%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTNEUTRALPower Score +511 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%80

Momentum 25%10

Volume 20%69

Volatility 10%67

Patterns 15%38

This Week45% bullishof 11 price-based votes

4 Weeks Ago36%+9 pts since

12 Weeks Ago45%+0 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$375.30

Price vs SMA 50$365.81

Price vs SMA 200$273.75

EMA 9/21 Cross378.2/373.6

SMA 50/200Golden

ADX DirectionADX 27

Supertrend$359

Parabolic SAR$390

SMA Slope1.120

RSI48.8

Stochastic K/D37/58

StochRSI K/D1/26

Williams %R-87

CCI-30

TSI vs Signal20.8

CMO-2.3

ROC-1.82%

OBV SignalAccum

Chaikin MF0.130

MFI58

Force Index-1M

Elder Ray Bull5.02

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 58

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$373.74 / $381.73 / $385.94	S1 / S2	$369.53 / $361.54
Bollinger (20,2)	$356.84 – $393.76	Squeeze	Off
52-wk range	$199.05 – $390.80	Off 52-wk high	-5.6%
ATR (14)	$10.17 (2.8%)	Historical vol	24.1%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

-0.4%Jan50%

+3.7%Feb65%

+0.6%Mar62%

-0.1%Apr40%

+1.0%May55%

+0.2%Jun45%

+2.3%Jul65%

+2.0%Aug65%

-2.3%Sep45%

+1.8%Oct65%

+6.5%Nov80%

-0.2%Dec55%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	ZBRA	S&P 500
Weekly volatility (σ, 1y)	7.03%	1.83%
Best / worst week (1y)	+30.4% / -16.7%	—
Max drawdown (5y, monthly)	-66.6%	—
1-week VaR (95%)	-8.7%	—
Beta (5y)	1.61	1.00

ZBRA EQUITY WEATHER (LIVE)CLOUDY · +9

Trend+45

Momentum-14

Volume+46

Volatility-60

Breadth-17

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 115 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+8.7+28.5 vs industry

Trend+45.4+67.2 vs industry

Momentum-14.1+15.3 vs industry

Volume+46.3+51.5 vs industry

Reading	ZBRA	Communication Equipment n=537	Technology n=6,969	All US symbols n=70,435
Overall	+8.7	-19.8	-20.7	-20.5
Trend	+45.4	-21.8	-20.8	-21.3
Momentum	-14.1	-29.3	-28.5	-15.8
Volume	+46.3	-5.2	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
William Burns Chief Executive Officer	$13.9M	92% equity+incentive
Nathan Winters Chief Financial Officer	$5.6M	88% equity+incentive
Richard Hudson Chief Revenue Officer	$4.2M	79% equity+incentive
Cristen Kogl Chief Legal Officer, General Co	$3.8M	81% equity+incentive
Joseph White Former Chief Products and Solut	$3.7M	85% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	47
Social	73
Governance	67
Composite ESG	62

Composite ESG Trend

Filed	8-K contents	Items
2026-08-04	Earnings Release; Exhibits	2.02,9.01
2026-05-26	Officer/Director Change; Shareholder Vote; Exhibits	5.02,5.07,9.01
2026-05-12	Earnings Release; Exhibits	2.02,9.01
2026-02-12	Results of Operations and Financial Condition; Other Events; Financial	2.02,8.01,9.01
2025-12-15	Costs Associated with Exit or Disposal Activities; Material Impairment	2.05,2.06,9.01
2025-11-24	Departure/Election of Directors; Appointment of Officers; Financial St	5.02,9.01
2025-11-05	Amendments to Articles of Incorporation or Bylaws; Financial Statement	5.03,9.01
2025-10-28	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-07-28 to 2026-08-04
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	114 rows · 1998 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-05-19 to 2026-08-10
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-03-27 to 2026-08-04
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Zebra Technologies Corporation (ZBRA)

Institutions holding — 12 quarters

Zebra Technologies Corporation (ZBRA)

Monthly Net Insider Flow (000 shares)

Signal Summary

Zebra Technologies Corporation (ZBRA)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding ZBRA — quarterly

Institutional Put/Call — quarterly

Zebra Technologies Corporation (ZBRA)

Where ZBRA Trades in the Dark

Zebra Technologies Corporation (ZBRA)

3.8 · Employees (SEC filings)

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)

Balance Sheet — Full

Cash Flow Statement — Full

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)

Street Price Target — Trajectory

Third-Party Composite Rating

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)

Family Scores (site weights)

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (ZBRA)