Investors stampeded out of Zebra Technologies (ZBRA) stock on Tuesday after the maker of asset-tracking technology missed Wall Street’s fiscal second-quarter earnings target and guided lower for Q3 earnings. Zebra stock was down 21%, at a more than four-month low near 87, in afternoon trading on the stock market today. Shares hit an all-time high of 119.47 on June 23; at that point, it had doubled in eight months. Zebra early Tuesday said that it
A wireless price war might be easing, says MoffettNathanson, which upgraded Verizon Communications (VZ) to buy on valuation vs. AT&T (T) and upside from mobile video services. Verizon on Friday ended wireless promotions that offered aggressive data pricing discounts in family plans, a move that could improve profitability. Verizon also said it would stop offering two-year contracts, a move that will lower retail subsidies on mobile devices,
Google (GOOGL) stock rose on Tuesday after the search leader’s surprise announcement late Monday that it was restructuring and creating a new holding company to oversee its wide-ranging business units that range from its core Internet search business to its moonshots such as self-driving cars, drones and glucose-monitoring contact lenses. Google got at least two price target boosts and three upgrades as analysts widely praised the creation of the