ZAGG Incorporated (ZAGG)

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Zagg Inc (NASDAQ: ZAGG [FREE Stock Trend Analysis]) climbs in after-hours after the company released better then expected numbers. The company reported fourth quarter EPS of $0.27, which came in well ahead of analysts' consensus EPS estimates of $0.20. Revenues for the quarter were $67.5 million versus the consensus of $62.56 million. Sees FY2012 revenue of $250 million, compared to Street consensus of $240.6 million. ZAGG has a huge short interest, with 8,763,000 shares sold short that would take 6 days to cover at the average trading volume. We should see a nice squeeze tomorrow and we'll be back above 11-12 for sure. From a technical standpoint the stock is breaking out the downtrend line in after-hours. I'm expecting a gap up tomorrow morning.

Read more: http://www.benzinga.com/trading-ideas/12/02/2377007/stocks-watchlist-for-tuesday-february-28#ixzz1nf8cKLCT