ZAGG Nice Companion Play On Apple ( ZAGG, AAPL )

Zagg Inc(NASDAQ:ZAGG) Looks Strong After Apple's iPad Launch Shares of Zagg Inc(NASDAQ:ZAGG) have been showing impressive uptrend over the past one week following Apple's (Nasdaq: AAPL) newly launched iPad, for which the company is making various accessories. In the recent conference call, Apple remarked that were chain of new products in the pipeline, which is music to accessory-maker ZAGGs ears. Recently, the company had reported its fourth quarter results stating that it net income jumped to $9.9 million or $0.32, from a year ago profit of $3.4 million or $0.13. On an adjusted basis, the company earned 27 cents a share, topping analysts’ projections by 7 cents. Revenue during the quarter soared to $67.5 million from $29.2 million last year, again ahead of consensus of $63.97 million. The company’s earnings were boosted by impressive holiday sales and record online sales. For the FY2012, the company projects to generate revenue of over $250 million, with the current estimates of $240.57 by Wall Street’s analysts. The company recently announced an updated version for its ZAGGfolio™ keyboard accessory for Apple’s® new iPad®, which is a thin multi-function carrying case with a removable Bluetooth® keyboard, and provides a built-in stand to hold the new iPad in either portrait or landscape orientation. Considering the continuous expansions in tablet and smartphone markets, future of the company’s business looks very bright and the stock may rally in the medium to long term considering strong sales from Apple’s newly launched iPad. The company had reported record revenues, EBITDA, net income and cash flow last quarter with the topline growing over 100% annually over the past four years. With strong expectations from Apple's new iPad, the stock looks solid at least for the current year. Also, we say iPhone 5 to come out soon, which should provide further to the company’s business as well as stock.