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ZAGG Inc

ZAGG Inc (ZAGG)

4.29
0.00
(0.00%)
Closed March 27 04:00PM
4.29
0.00
( 0.00% )
Pre Market: 08:00PM

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ZAGG News

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ZAGG Discussion

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Stocklead77 Stocklead77 3 years ago
ZAGG merger approved ah
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TEEROY TEEROY 3 years ago
this will run next week and into December.
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TEEROY TEEROY 4 years ago
ZAGG is cheap.

The Cupertino, California-based technology giant anticipates shipments of these next-generation iPhones may reach as high as 80 million units in 2020, according to people familiar with the situation. Apple plans to launch four new models in October with fifth-generation wireless speeds, a different design and a wider choice of screen sizes, said the people, who asked not to be identified discussing unannounced products.

ZAGG has 43% of the screen protection market.

what percentage of customers put on screen protection? .....Do the math and ZAGG should have a great 4th qtr.
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TEEROY TEEROY 4 years ago
5g is coming. $ZAGG will be back.
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Pjones545 Pjones545 4 years ago
Pop
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Pennybuster Pennybuster 4 years ago
Starting to Load.
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PennyWorld PennyWorld 4 years ago
What caused the price pop?
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TEEROY TEEROY 4 years ago
2.8 million shares traded.....big volume 5x
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PennyWorld PennyWorld 4 years ago
I'd like to know how many insiders "Shorted" this stock just prior to announcing the collapse of this buy-out deal!!!
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tedkov tedkov 4 years ago
ZAGG Shareholders Upset Over Strategic Review Process (Seek to file Lawsuit)- (via Business Journal)

March 24, 2020
Tags: United States ZAGG Affairs Mergers & Acquisitions

A group of ZAGG, Inc. shareholders are upset with the Board of Directors of the Company for suspending its review of strategic alternatives that commenced on August 6, 2019 . At the time of the review, the stock was trading at almost $7 per share. Following the decision of the Board to terminate the review, the stock fell below $3 per share.

The shareholders allege that the Board breached their fiduciary duties to shareholders by engaging in a flawed process. In addition, shareholders allege that insiders of ZAGG may have obtained personal benefits for their own self interests as a result of the flawed sale resulting in a depressed stock price to which certain member(s) have since acquired shares for their own personal interests.

ZAGG investor relations did not immediately respond to requests for a comment.

If you purchased shares of ZAGG prior to August 6, 2019 and still own some of those shares and you have suffered a loss on your investment, you are eligible to contact the law firm on behalf of shareholders of ZAGG for more information as to how you can participate with other shareholders in seeking to potentially recover your losses at no cost or expense. Contact the law firm Tripp Levy PLLC toll free at 800.511.7037 or email at contact @ tripplevy.com

All rights reserved
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PennyWorld PennyWorld 4 years ago
ZAGG Inc director just picked up 8,500 shares
Cheryl A Larabee, a director of ZAGG Inc, recently acquired 8,500 shares of the company. The buys took place at $2.85 per share, on March 16, 2020. Larabee now owns 142,142 shares of the company. Larabee operates out of Midvale, UT.
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conix conix 4 years ago

Zagg investor urges company to update shareholders on sale plans

By Josh Kosman

February 6, 2020



A large investor in Zagg is calling on the largest maker of US cell phone screen protectors to tell shareholders whether it plans to sell itself or not, The Post has learned.

“We ask that the board immediately update shareholders,” Arex Capital Management said in a Feb. 5 letter to the Zagg board, a copy of which was obtained by The Post.

“We are surprised by how long this [sales] process has taken, and we hope that the delay is due to bidders’ requests for final confirmation of the company’s year-end results,” Arex founder Andrew Rechtschaffen, wrote.

The Post exclusively reported on Aug. 21 that Zagg, which makes up 90 percent of US screen-protection sales, was speaking to two suitors, including an undisclosed private equity firm that offered as much as $9 a share.

Zagg’s share price closed Thursday at $7.38. A Zagg spokesman declined to comment.
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PennyWorld PennyWorld 4 years ago
Nice price momentum! Also, great guidance by the CEO in the post earnings call.
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makingitnow makingitnow 4 years ago
If the company fails to sell itself..... Arex will step up the volume.... What does that mean?
Thanks in advance
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conix conix 4 years ago
Hedge fund pushes for sale of Zagg, seller of screen protectors

By Josh Kosman
October 23, 2019

The nation’s dominant maker of smartphone screen protectors may soon need to shield itself against a hedge fund demanding a sale.

Zagg, which makes protective covers for iPhones, Android phones and other devices, has been put on notice by a hedge fund formed in 2017 by former Greenlight Capital and Jana Partners executives. Arex Capital Management has taken a 7.5 percent stake in Zagg and plans to push for a sale, it said in a Securities and Exchange Commission filing Tuesday.

Zagg “should maximize shareholder value by selling the company as a whole, or by selling its brands,” Arex wrote in announcing the stake.

If Zagg fails to sell itself “by the end of the year, perhaps sooner,” Arex will step up the volume, Arex founder Andrew Rechtschaffen, a former partner at David Einhorn’s Greenlight Capital, told The Post.

“At this time, all options, including calling a special meeting and running a slate of directors, are on the table,” Rechtschaffen said of Arex’s first public activist play.



Zagg, based in Midvale, Utah, declined to comment. The stock rose 2.7 percent to $7.31 Wednesday, giving it a $213 million market cap.


As The Post exclusively reported on Aug. 21, Zagg is not without suitors. The company, which makes up an estimated 90 percent of US screen-protection sales, secured confidentiality agreements over the summer from two potential buyers in exchange for a look at its financials. One of the potential bidders was Acco Brands, owner of Swingline staplers and Artline pens. The other bidder was an undisclosed private equity firm that offered as much as $9 a share, according to the The Post’s report.

Zagg has since announced a sales process — but no winner.

Sources have told The Post that the company may be holding out for a bigger price tag than the $9 a share offered by the private equity firm.

The summer sales process kicked off after Zagg cut its 2019 earnings forecast amid weakening smartphone sales and concerns about the impact US tariffs could have on its supply chain.

Screen protectors for the iPhone, which has seen sagging sales, make up the bulk of Zagg’s revenue.
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PennyWorld PennyWorld 5 years ago
I guess ZAGG thinks they are worth at least $11, yet interested parties are only interested in paying $9 (give or take). So until something more firm occurs on the deal front, I suspect that the pps will flounder and drift about.
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makingitnow makingitnow 5 years ago
I have read $9 to $10.50. at 6.16 a share I would think this a buy
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PennyWorld PennyWorld 5 years ago
One analyst estimates that the top bid is at/near 9 bucks a share.
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makingitnow makingitnow 5 years ago
wow. we have a bidding war for this company and no one is on this board? doesn't look like the stock has been good to some according to the recent post (a year ago) but looks like a good flip or swing for now? anyone?
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PennyWorld PennyWorld 5 years ago
ORANGE COUNTY, Calif., Jan. 03, 2019 (GLOBE NEWSWIRE) -- mophie, a ZAGG Inc (ZAGG) company and the No. 1 external battery brand in the U.S.1, today announced ahead of CES the powerstation® PD and powerstation PD XL, two universal batteries designed to charge popular smartphones at the fastest speed possible. The powerstation PD features a 6,700mAh battery, while the powerstation PD XL is packed with a 10,050mAh battery. Both will charge select iPhone smartphones up to 2.5 times faster compared to a standard 5W charger, or up to 50 percent in just 30 minutes2.

A photo accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f66e930b-595b-402c-9ef4-38c49c44c8e4, and a product video is available at .

“We developed this new line of powerstation batteries using the power delivery protocol so consumers can charge as quickly and safely as possible,” said Robert Johnson, general manager for mophie. “As consumer habits evolve, mophie adapts to deliver the most advanced charging solutions that are convenient, fast, and efficient. The powerstation PD and PD XL are no exception.”

The mophie powerstation PD and powerstation PD XL feature a shared USB-C PD input and output port, which delivers fast charging (18W) and recharging (15W). An additional USB-A port allows for two devices to be charged simultaneously. With Priority+® charging, power is sent to connected devices first before the powerstation itself starts to recharge. An LED power indicator displays the charging status and current battery life.

Both powerstations are finished with a textured design, providing a comfortable feel and protection against scratches or scuffs when stowed alongside other devices. As with all mophie batteries, the powerstations are triple-test certified to ensure peak performance and safe operation.

The mophie powerstation PD and powerstation PD XL are available today on mophie.com for a suggested retail price of $59.95 and $79.95 respectively.

New powerstation plus switch tip line
In addition to the powerstation PD and powerstation PD XL, mophie also announced a new powerstation plus line equipped with integrated Lightning / micro USB switch tip output cables. Available in three sizes, the powerstation plus mini (4,000mAh), powerstation plus (6,000mAh), and powerstation plus XL (10,000mAh) batteries will charge your device with speeds up to 10W. You can also recharge the powerstation plus XL wirelessly on any Qi-compatible wireless charger. The powerstation plus line features Priority+ charging, micro USB recharging input, premium fabric finish, and LED power indicators. The powerstation plus line will be available in various colors on mophie.com in Q1 2019 for $59.95, $79.95, and $99.95 respectively.

For the latest updates about all new mophie products, upcoming events and promotions, follow mophie on Facebook, Twitter, and Instagram, or register at mophie.com/innovation.

1The NPD Group, Inc., U.S. Retail Tracking Service, Mobile Power, Portable Power Packs, Based on Dollars, Jan. 2015-Nov. 2018

2Based on a 30-minute charge from 0 percent on an iPhone Xs using a Power Delivery (PD) charger and an Apple USB-C to Lightning cable versus a 5W in-box charger. Results will vary by charging configuration and device.

mophie, the mophie logo, powerstation, Priority+, and Stay Powerful are trademarks of mophie inc. iPhone and Lightning are trademarks of Apple Inc. USB-C is a trademark of USB Implementers Forum. Other trademarks and trade names are those of their respective owners.

About mophie:
mophie, the #1 selling battery case manufacturer and the #1 external battery brand in the US, is a California-based, award-winning designer and manufacturer that empowers the mobile world to Stay Powerful®. Widely acclaimed for innovative mobile solutions, mophie is the proud developer of the original juice pack. mophie products are recognized for style and engineered for performance, providing a seamless integration of hardware, software and design. mophie has operations in California, Michigan, Netherlands, Hong Kong, and China. mophie products are available in more than 130 countries, and can be found at Apple, Best Buy, Verizon, and T-Mobile stores, as well as Sprint and other leading retailers. Visit mophie.com and follow us on Facebook, Twitter, and Instagram (@mophie).

About ZAGG Inc:
ZAGG Inc (ZAGG) is a global leader in accessories and technologies that empower mobile lifestyles. The Company has an award-winning product portfolio that includes screen protection, power management solutions, mobile keyboards, and personal audio sold under the InvisibleShield®, mophie®, ZAGG®, BRAVEN®, IFROGZ®, and Gear4® brands. ZAGG Inc has operations in the United States, Ireland, the U.K., and China. For more information, please visit the company’s websites at www.zagg.com, www.mophie.com, and Gear4.com.

Contacts:
Media:
The Brand Amp
Nicole Fait
949-438-1104
nicolef@thebrandamp.com

Company:
ZAGG Inc
Jeff DuBois
801-506-7336
jeff.dubois@ZAGG.com

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PennyWorld PennyWorld 5 years ago
SALT LAKE CITY, Jan. 03, 2019 (GLOBE NEWSWIRE) -- ZAGG Inc (ZAGG), a global leader and innovator in accessories and technologies that empower mobile lifestyles, today announced it has acquired HALO, a leading direct-to-consumer mobile accessories company with an extensive IP portfolio, for a total purchase price of $43 million in a combination of cash and stock.

HALO has a rich history in innovation and a broad IP portfolio—including wireless charging, car and wall chargers, portable power, power wallets, and more—and a long-standing reputation as one of the top selling electronics brands on QVC®. The addition of HALO strengthens ZAGG’s product, brand, distribution, innovation pipeline, and IP portfolio while furthering its mission to empower the mobile lifestyle. HALO will benefit by leveraging ZAGG’s expansive global distribution footprint and expertise in building preferred brands to drive increased sales and profitability. ZAGG gains a profitable business that will contribute incremental revenue and accretive gross margins, while also expanding ZAGG’s distribution network through a strong relationship with QVC, a global leader in televised home shopping and e-commerce. By combining forces, ZAGG will be unique in offering, at scale, the most innovative mobile lifestyle solutions available on the market today and better positioned to address the evolving needs of consumers around the world. ZAGG will retain the services of HALO’s talented senior leadership team and employees in the U.S., and the Cayman Islands.

“The acquisition of HALO is consistent with our commitment to offer the most innovative products, gives us access to an incredibly strong IP portfolio, and allows us to strategically expand product distribution,” said Chris Ahern, CEO of ZAGG Inc. “It creates meaningful value for our shareholders through the addition of a powerful new and profitable revenue stream along with an entrée into the multibillion-dollar televised and online home shopping channel. HALO’s business is immediately accretive to our gross margins, and provides us with incremental and diversified growth opportunities as we continue toward our goal of $1 billion in annual revenue and enhanced profitability.”

Durham Jones & Pinegar, P.C. acted as legal counsel to ZAGG in the transaction. Sullivan & Worcester LLP acted as legal counsel to HALO in the transaction.

About ZAGG Inc
ZAGG Inc (ZAGG) is a global leader in accessories and technologies that empower mobile lifestyles. The Company has an award-winning product portfolio that includes screen protection, power management solutions, mobile keyboards, and personal audio sold under the InvisibleShield®, mophie®, ZAGG®, BRAVEN®, IFROGZ®, and Gear4® brands. ZAGG Inc has operations in the United States, Ireland, the U.K., and China. For more information, please visit the company’s websites at www.zagg.com, www.mophie.com, and Gear4.com.

About HALO
HALO designs, develops and markets innovative technology products to make consumers’ lives easier. The company is a leading direct-to-consumer mobile accessories brand that offers a wide array of products including wireless charging, portable power, car jump starters, and power handbags that incorporate aesthetically beautiful designs and pragmatic functionality. HALO is committed to offering products at the nexus of fashion and function created to power your life. The company has operations in the United States and the Cayman Islands. For more information, please visit the company’s website at www.BestHalo.com.

Media Contact

ZAGG Inc
Jeff DuBois
801-506-7336
jeff.dubois@ZAGG.com
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PennyWorld PennyWorld 5 years ago
So, why the pull back in price?
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Mt. Blanc Mt. Blanc 6 years ago
$ZAGG moving slowly back to the $18-$20 area

This co can surprise investors with large gains historically. Many do not forget the appeal when the future brightens.

mb
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PennyWorld PennyWorld 6 years ago
Nice EPS report today. Up nicely. Well into the green on this one!
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Spicknspan Spicknspan 6 years ago
Bounce alert. Picked up some with you.
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PennyWorld PennyWorld 6 years ago
I'm loading up on ZAGG at these levels. Earnings out on 3/5/18. Mulitiple analysts forecasting 18 bucks. Should be an easy profit over the next few weeks. Made 4K on the last runup.
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TrackDude TrackDude 6 years ago
Nothing worse than buying a stock at it's PPS peak, and that's exactly what happened to me here.
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Spicknspan Spicknspan 6 years ago
ZAGG chart shows why people use charts and the RSI over 70 as a sell signal--or, at least, start to consider to sell.

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stocktrademan stocktrademan 6 years ago
ZAGG buy 20.15

rarely has many red days in a row so bounce is near to resume the uptrend
lots of indicators are temporarily oversold at the same time
market is manic depressive, sometimes being bipolar it offers good opportunities to find a profitable trade like this



















normal chart




log chart



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PennyWorld PennyWorld 6 years ago
On the daily I see ZAGG in a "pause" mode. It's actually been trending down over the past 5 trading days. I also see resistance at 22.80. If it breaks support at 19.60 then look out below.
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Spicknspan Spicknspan 6 years ago
Nice trend on ZAGG. Very strong uptrend. No threat of tax loss selling
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PennyWorld PennyWorld 6 years ago
Yes, I hear you. Whatever it takes to force discipline on us. For sure!
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Spicknspan Spicknspan 6 years ago
You may be right, but I do find that using TA with these volatile stocks helps me take profits or trim my holdings and makes me avoid getting too "sold" on a company. I have lost too much money in the past believing everything I read.

I have traded ZAGG about six times over the past 3 years and have never lost any money. I left money on the table, but I also do not own any at higher prices that many have now.
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Blade$dream Blade$dream 6 years ago
Bought yesterday at opening and this I will keep until end of next year looking for 30's....but she needs to give us those nice Q's

GLTYA
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PennyWorld PennyWorld 6 years ago
Looks like we don't have any happy Longs here on this board. Maybe some shorters though that are licking their wounds in silence.
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PennyWorld PennyWorld 6 years ago
RSI... I don't feel like ZAGG is TA play. Just my opinion. Think it is a FA play with earnings driving the price. JMHO.
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Spicknspan Spicknspan 6 years ago
GLTU. I may get in ZAGG after the RSI hits around 30.
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PennyWorld PennyWorld 6 years ago
Very happy indeed!!! I see this going to 20-25 by YEND. Even Jim C. went on record stating that ZAGG now has some SWAG.
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Spicknspan Spicknspan 6 years ago
Anyone who got in in August at $9 is very happy.
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PennyWorld PennyWorld 6 years ago
Great EPS Report just out. Just wait until the Institutions digest this!!!

ZAGG Reports 2017 Third Quarter and Nine Months Results; Company Raises 2017 Outlook
Company Release - 11/1/2017 4:05 PM ET

SALT LAKE CITY, Nov. 01, 2017 (GLOBE NEWSWIRE) -- ZAGG Inc (Nasdaq: ZAGG), a leading global mobile lifestyle company, today announced financial results for the third quarter and nine months ending September 30, 2017.

Third Quarter Highlights (Comparisons versus third quarter 2016)

Net sales of $134.4 million, an 8% increase compared to $124.7 million
Gross margin of 36% compared to 35%
Net income of $9.8 million compared to a net loss of ($7.1) million
Adjusted EBITDA of $22.4 million compared to $17.8 million

Year-to-Date Highlights (Comparisons versus nine months 2016)

Net sales of $342.6 million, a 19% increase compared to $286.9 million
Gross margin of 33% compared to 34%
Net income of $7.0 million compared to a net loss of ($11.4) million
Adjusted EBITDA of $37.2 million compared to $33.5 million

Increases 2017 Full Year Outlook

Net sales in the range of $500.0 million to $520.0 million, an increase from the previous guidance range of $470.0 million to $500.0 million
Adjusted EBITDA in the range of $75.0 million to $78.0 million, an increase from the previous guidance range of $71.0 million to $75.0 million.

“Our business performed extremely well across the board during the third quarter,” commented Randy Hales, President and Chief Executive Officer. “With two of the strongest brands in the mobile lifestyle category – InvisibleShield and mophie – combined with an enhanced operating structure, we’ve created a powerful platform that is generating record revenue and Adjusted EBITDA. In addition to our strong year-to-date results, we believe the Company has a long runway for growth evidenced by our increased guidance for 2017. Our optimism extends from our core product lines to our recently introduced wireless charging pad that supports Apple’s new iPhones. I am confident that the Company is well positioned to capitalize on the many opportunities that lie ahead and will deliver increased value to our shareholders for years to come.”

Third Quarter Results
(in millions, except per share amounts) September 30, 2017 September 30, 2016
Net Sales $134.4 $124.7
Gross Profit (Gross Profit %) $48.4 (36%) $43.1 (35%)
Net Income (Loss) $9.8 ($7.1)
Earnings (Loss) per Diluted Share $0.34 ($0.25)
Adjusted EBITDA (Margin %) $22.4 (17%) $17.8 (14%)
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PennyWorld PennyWorld 6 years ago
ZAGG is up over 13% today in after hour trading. Looks like the shorts might get burned when the EPS is announced.
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PennyWorld PennyWorld 6 years ago
ZAGG is back up almost 10% today. I'm not worried. Profit taking and newbies coming back in. Jim C. says ZAGG has some great, bullish SWAG, but Jim hasn't had a great track record on predictions IMO.
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UNDAUNTED UNDAUNTED 6 years ago
Hey Penny,
I think if it had been profit taking it would have been a smoother ride down over several days. This was a drop off the cliff.

here is my suspicion...Some major players know the earnings report is not good and decided to 'pump' the stock thru a lot of different channels while they dump a lot of shares without tanking the price too much.

Kramer may have been in on it or he may have been duped...idk.
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PennyWorld PennyWorld 6 years ago
I've been trying to figure that out myself. No news out there that I can find. And Jim Cramer actually had a positive plug for ZAGG. So go figure.

One possibility... that there are some heavy insiders that know that the EPS to be reported on Nov 1 (after the close) is either not good or the earnings guidance is not good. Pure speculation on my part. I think that this is highly unlikely though.

Other possibility... we are simply seeing some profit taking by those that got in early August this year. They had a MONSTER runnup in PPS. So maybe they got spooked by the EPS report date announcement and took profits.

I am averaging down on this pull back (PB).

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UNDAUNTED UNDAUNTED 6 years ago
ZAGG down over $3.00, down 18% today. Does anyone know what is going on? No news...
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chris13 chris13 6 years ago
I'm cofused do you still have the 9 pets lol
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fourkids_9pets fourkids_9pets 6 years ago
Detailed Quote:ZAGG
ZAGG INC
16.45Up 0.10 (0.61 %)AS OF 4:00:00PM ET 10/05/2017


Last Trade 16.45
Trade Time 4:00:00pm ET

Change 0.10
% Change 0.61%

Open 16.50
Day High 16.85 *** 52 week high set again today
Day Low 16.30
Previous Close
10/04/2017 16.35
52-Week High ***
10/05/2017 16.85
52-Week Low
11/02/2016 5.15

Price Performance (Last 52 Weeks)
10/04/2017 +101.35%

Volume 720,896
Volume (10 day Average) 586,288
Volume (90 day Average) 407,494


=====

know the streets' rigged game .. know how the *street* plays said rigged
game .. and play the players at their own *game* ..

always amazing what *patience* and *awareness* >> NETS .. ;)

4kids
all jmo

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soundings soundings 7 years ago
ZAGG CEO on CNBC tonight, Kramer usually puts on corporation CEOs he likes so look for a nice pop AH!
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oxnous oxnous 7 years ago
On the teeter totter. Could break either wat, imo. Will watch for some direction. GL
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stocktrademan stocktrademan 8 years ago
ZAGG bullish 7.16

nasdaq stocks $1-10 with volume > 100,000
double bottom




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