Zagg Inc Surges Along With Smartphone and Tablet Growth

Zagg Inc, maker of the popular Zagg Invisble Shield, Zagg Skins,  and many other smartphone and tablet accessories is enjoying strong growth.  With the huge and continuing growth in smartphone and tablet sales across all manufacturers, Zagg Inc sales are gaining quarter by quarter, and their shares are trending the same way.
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Every time a major new smartphone is released, Zagg Inc is quick to manufacture a new Zagg Invisible Shield for the device.  And there seems to be a hot new smartphone or tablet every week.  Recent major launches, such as the Verizon iPhone, and the Verizon Motorola Xoom have had a huge (positive) impact on Zagg sales and profitability.  The Motorola Xoom screen protector has been one of Zagg’s best selling Invisible Shields to date.

With the huge demand for for new smartphone and tablets expected to continue for years to come, Zagg Inc. stock looks to continue it’s rise.  If the past year is any indication, things look rosy indeed.  Zagg Inc, based in Salt Lake City, Utah,  has seen it’s shares go from a a low of $2.08 one year ago, to a recent intraday high of $13.05 on June 14th, 2011.  It closed yesterday, June 15th, at $12.15.

Given it’s solid growth, it’s valuation at 25.63 times earnings gives it room for continued share appreciation.  Zagg Inc. was recently added to the Russell Global Index, and trades on the Nasdaq under ticker symbol ZAGG.  As of June 15, 2011, Zagg Inc. had a market cap of just under $308 Million with 24.48 Million outstanding shares.

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