I blogged about ZAGG back in February this year as a relatively unknown company with phenomenal growth potential and trail blazing penetration in the mobile phones and tablets market. Well, since then ZAGG posted their amazing earnings and expanding costumer base. On March 25 they reported 157% revenue year-over-year increase and 46% sales increase. Their adjusted EBITDA for the fourth quarter was $6.6 million or $0.27 per share versus $1.7 million or $0.07 per share for Q4 2009, an increase of 281%. These are great numbers for a relatively new comer. Prior to their earning announcement, I loaded up on the stock when it had a $7 handle and never looked back. I was waiting for wall street to notice this stock! The stock has been on a steady rise since then, recently it broke through $9 and it appears to pick up momentum. My target price on the stock remains, as I commented before, $13+. Keep a watch on it.
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