Zagg Continues to Zig Thanks to Apple
Investors and traders should be paying very close attention to Zagg (NASDAQ: ZAGG). The company has performed consistently well of late and is currently trading higher by nearly 15% following Apple's results.
Zagg, which designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGaudio, and ZAGGskins, is in the enviable position of being subtly attached to Apple as it provides accessories for many of that giant's devices.
Better still for Zagg, because the new iPad and iPhone looks much the same, or at least has very similar specs, very little work has to be done post Apple's new releases.
Zagg seems to be a company that gets ignored my investors in their masses, but it absolutely deserves a good look. It is being recommended right now by many analysts and commentators. Some analysts are expecting $0.14 per share, but many are expecting far better.
Again, this is a company closely linked, however much on the down-low, with Apple, and Apple isn't going anywhere in a hurry.
Follow me @BCallwood.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.