ZAGG Has Plenty to Prove This Week
ZAGG remains one of the more intriguing companies reporting this week.
The company that became an investor darling a couple of years ago on the success of its invisibleSHIELD protective covering for smartphones and tablets has been a bad bet for investors lately. The stock has shed nearly half of its value over the past year.
It's not a lack of growth keeping ZAGG in check. Analysts see revenue and earnings per share climbing 20% and 31%, respectively, when it does report on Thursday afternoon. One problem has been that many investors approach ZAGG as an Apple sympathy play. As iPhone and iPad growth has slowed, the market fears that ZAGG's popularity will also take a hit.
There's also the improving quality of Corning's Gorilla Glass, the popular smartphone and iPad glass that gets more rugged with every incarnation. Is a protective film necessary if Corning's living up to expectations?
Thankfully ZAGG is no longer counting on invisibleSHIELD for the lion's share of its revenue. In this video, longtime Fool contributor Rick Munarriz discusses why the market may be underestimating ZAGG's potential heading into Thursday's report.
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The article ZAGG Has Plenty to Prove This Week originally appeared on Fool.com.Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple and Corning. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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