Zagg rides Apple's coattails to success
The accessory maker has seen shares jump higher lately.
Zagg makes protective coverings and other accessories for consumer electronic devices under the brand names invisibleShield, ZAGGaudio and ZAGGskins. Many of those accessories are designed for iPhones and iPads, putting Zagg in the enviable position of being subtly attached to Apple's fortunes.
Better still for Zagg, because the new versions of the iPad and iPhone look similar to their predecessors, very little work has to be done to meet Apple's recent releases.
Zagg seems to get ignored by investors, but it absolutely deserves a good look. It is being recommended right now by many analysts and commentators. The company is scheduled to announce first-quarter earnings on May 3. Some analysts are expecting earnings of 14 cents per share, but others are forecasting higher.
This is a company closely linked with Apple, and Apple isn't going anywhere in a hurry. Zagg closed Friday up 2.5% to $12.29.
MORE ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Shares of Twitter surged 73 percent jumping from an IPO price of $26. In the month since the stock price has gained five cents.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.