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why is zagg stock soaring

by Alden Smitham Published 3 years ago Updated 2 years ago

Since August, shares in ZAGG have soared from under $6/share to around $8/share thanks to improved results and takeover speculation. An activist fund has entered the fray. They believe ZAGG is worth "at least" $9/share.

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How were ZAGG's earnings last quarter?

ZAGG Inc (NASDAQ:ZAGG) posted its quarterly earnings results on Monday, November, 9th. The specialty retailer reported $0.21 EPS for the quarter, b...

Who are ZAGG's key executives?

ZAGG's management team includes the following people: Mr. Chris M. Ahern , CEO & Director (Age 45, Pay $1.14M) Mr. Taylor D. Smith , Chief Fina...

What is Chris Ahern's approval rating as ZAGG's CEO?

17 employees have rated ZAGG CEO Chris Ahern on Glassdoor.com . Chris Ahern has an approval rating of 83% among ZAGG's employees.

Who are some of ZAGG's key competitors?

Some companies that are related to ZAGG include EZCORP (EZPW) , Mudrick Capital Acquisition Co. II (MUDS) , PLBY Group (PLBY) , RealReal (REAL)...

What other stocks do shareholders of ZAGG own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ZAGG investors own include Tilly's (TLYS) , Micron Techno...

What is ZAGG's stock symbol?

ZAGG trades on the NASDAQ under the ticker symbol "ZAGG."

What is ZAGG's stock price today?

One share of ZAGG stock can currently be purchased for approximately $4.29.

How much money does ZAGG make?

ZAGG (NASDAQ:ZAGG) has a market capitalization of $128.05 million and generates $521.92 million in revenue each year. The specialty retailer earns...

How many employees does ZAGG have?

ZAGG employs 628 workers across the globe.

How were ZAGG's earnings last quarter?

ZAGG Inc (NASDAQ:ZAGG) announced its quarterly earnings data on Monday, November, 9th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.18. The specialty retailer had revenue of $115.46 million for the quarter.

What is Chris Ahern's approval rating as ZAGG's CEO?

17 employees have rated ZAGG CEO Chris Ahern on Glassdoor.com. Chris Ahern has an approval rating of 83% among ZAGG's employees.

Who are some of ZAGG's key competitors?

Some companies that are related to ZAGG include Party City Holdco (PRTY), Mudrick Capital Acquisition Co.

What other stocks do shareholders of ZAGG own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ZAGG investors own include Tilly's (TLYS), Micron Technology (MU), DHT (DHT), KushCo (KSHB), Matinas BioPharma (MTNB), OrganiGram (OGI), Pennsylvania Real Estate Investment Trust (PEI), Sorrento Therapeutics (SRNE), Washington Prime Group (WPG) and Zosano Pharma (ZSAN)..

What is ZAGG's stock price today?

One share of ZAGG stock can currently be purchased for approximately $4.29.

How much money does ZAGG make?

ZAGG has a market capitalization of $128.05 million and generates $521.92 million in revenue each year. The specialty retailer earns $13.92 million in net income (profit) each year or $0.85 on an earnings per share basis.

Where are ZAGG's headquarters?

ZAGG is headquartered at 910 West Legacy Center Drive Suite 500, Midvale UT, 84047.

About ZAGG Inc

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes product solutions for mobile devices.

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Profitability in the fourth quarter slightly missed expectations, as did guidance for 2018 revenue

Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

What happened

Shares of ZAGG ( NASDAQ:ZAGG) have plunged today, down 19% as of 11:45 a.m. EST, after the company reported fourth-quarter earnings. The gadget accessories specialist's profit fell short of analyst expectations.

So what

ZAGG generated $176.9 million in revenue in the fourth quarter, which was up 54% from a year ago and ahead of the consensus estimate of $167.1 million in sales. Non- GAAP earnings per share came in at $0.71, slightly below the Street's forecast of $0.72 per share in adjusted profit.

Now what

"We delivered record financial results in 2017 highlighted by a very strong fourth quarter," CEO Randy Hales said in a statement.

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