NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Zebra Technologies Corporation (NASDAQ:ZBRA) concerning possible violations of federal securities laws.
On May 10, 2016, Zebra announced disappointing financial results for its first quarter of 2016, stating that “first quarter results [were] below . . . expectations, with lower sales and earnings reflecting the continuation of a cautious enterprise spending environment.” On the same day, Zebra filed its quarterly report on Form 10-Q with the SEC for the first quarter of 2016, confirming that Zebra had found defects in its internal controls in 2015 which had impaired its ability to accurately forecast its pretax income and deferred taxes. On this news, the price of Zebra stock dropped more than $11 per share, from a close of $62.58 per share on May 9, 2016 to close at $51.46 per share on May 10, 2016, a one-day decline of approximately 18 percent.
If you suffered a loss in Zebra Technologies and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/ZBRA-Info-Request-Form-181.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.