Valued at a market cap of $14.8 billion, Zebra Technologies Corporation (ZBRA) offers enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. The Lincolnshire, Illinois-based company operates through two segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. 

Companies valued at $10 billion or more are generally described as “large-cap stocks,” and Zebra Technologies definitely fits the criterion. The company operates in more than 100 countries, and its portfolio includes hardware, software, and services.

The company dipped 32.7% from its 52-week high of $427.76. In addition, ZBRA stock has declined 27.4% over the past three months, underperforming the broader Nasdaq Composite ($NASX), which dropped 10.6% over the same period.

Longer term, Zebra Technologies have crumbled 25.4% on a YTD basis, lagging behind NASX’s 7.3% loss. Additionally, shares of ZBRA have slipped 1.2% over the past 52 weeks, whereas the NASX has climbed 9.7% in the same period.

Since February, the stock has been trading below its 50-day and 200-day moving averages.

Although Zebra Technologies exceeded Wall Street expectations with its Q4 2024 results on Feb. 13, its shares dipped 8.4%. The company posted sales of $1.3 billion and an adjusted EPS of $4. Its adjusted EBITDA grew 90.3% year-over-year to $295 million. Additionally, for fiscal year 2025, ZBRA expects net sales growth to be between 3% and 7%, with adjusted EPS to be in the range of $14.75 to $15.25. Also, the free cash flow is projected to exceed $750 million.

Moreover, compared to its rival, Belden Inc. (BDC) has surpassed ZBRA. Shares of BDC have surged 14.8% over the past 52 weeks and slipped 6.7% YTD.

Despite ZBRA’s underperformance, analysts remain moderately optimistic about its prospects. Among the 16 analysts covering the stock, there is a consensus rating of “Moderate Buy,” and it is currently trading below the mean price target of $393.43.