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INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Zebra Technologies Corporation Investors and Encourages Investors to Contact the Firm

ZBRA | September 11, 2017

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Zebra Technologies Corporation Investors and Encourages Investors to Contact the Firm

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Zebra Technologies Corporation (“Zebra” or the “Company”) (NASDAQ: ZBRA) securities between March 17, 2015 and May 9, 2016, inclusive (the “Class Period”). Zebra investors have until September 25, 2017 to file a lead plaintiff motion.

Investors suffering losses on their Zebra investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The Complaint filed in this class action alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose materially adverse information regarding Zebra's business, prospects, and financial results. Specifically, the Complaint alleges that: (1) Zebra had understated its income taxes through the end of 2015; (2) Zebra had under accrued certain 2015 estimates, in particular with respect to its sales commission plan; (3) Zebra overstated the net realizable value of trade receivables acquired in connection with its acquisition of Motorola's Enterprise division; (4) the impact of material weaknesses identified in its internal controls and procedures over financial reporting and disclosure; (5) consequently, Zebra's financial guidance for 2015 and the first and second quarters of 2016 were materially false and misleading; and (6) as a result of these false statements, Zebra common stock traded at artificially inflated prices throughout the Class Period.

On May 10, 2016, Zebra revealed its inadequate 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.” Subsequently, Zebra filed its Form 10-Q quarterly report with the SEC for the first quarter of 2016, confirming that the Company found defects in its internal controls in 2015, decreasing its ability to accurately predict its pretax income and deferred taxes.

On this news, Zebra stock dropped over $11 per share, from a close of $62.58 per share, or about 18%, to close at $51.46 on May 10, 2016.

If you purchased shares of Zebra, 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 howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.