BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Zebra Technologies Corporation (“Zebra” or the “Company”) (NASDAQ: ZBRA) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 10, 2016, Zebra announced poor 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 this news, Zebra’s stock price fell more than $11 per share, or about 18%, to close at $51.46 on May 10, 2016.
Subsequently, Zebra filed its Form 10-Q with the SEC for the first quarter of 2016, confirming that the Company found defects in its internal controls in 2015, which weakened its ability to accurately pretax income and deferred taxes.
If you purchased Zebra securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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