News headlines about CalAmp (NASDAQ:CAMP) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CalAmp earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave press coverage about the Wireless communications provider an impact score of 46.7011987093452 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

CAMP stock traded down $0.24 during midday trading on Friday, reaching $23.09. 381,472 shares of the company were exchanged, compared to its average volume of 292,927. The company has a current ratio of 2.91, a quick ratio of 2.59 and a debt-to-equity ratio of 0.77. CalAmp has a 1-year low of $18.16 and a 1-year high of $25.45. The stock has a market cap of $828.76 million, a P/E ratio of 25.10, a PEG ratio of 2.02 and a beta of 1.75.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Wednesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. CalAmp had a net margin of 7.45% and a return on equity of 17.26%. The company had revenue of $94.90 million for the quarter, compared to analysts’ expectations of $93.05 million. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts predict that CalAmp will post 0.97 earnings per share for the current year.

Several analysts recently weighed in on CAMP shares. TheStreet raised shares of CalAmp from a “c+” rating to a “b” rating in a report on Wednesday, June 27th. ValuEngine cut shares of CalAmp from a “buy” rating to a “hold” rating in a report on Friday, June 1st. William Blair reaffirmed a “market perform” rating on shares of CalAmp in a report on Friday, April 27th. Craig Hallum reaffirmed a “hold” rating and issued a $23.00 target price (down previously from $24.00) on shares of CalAmp in a report on Friday, April 27th. Finally, Zacks Investment Research cut shares of CalAmp from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. CalAmp currently has an average rating of “Buy” and a consensus price target of $26.75.

In other news, CEO Michael J. Burdiek sold 12,500 shares of CalAmp stock in a transaction on Friday, June 1st. The shares were sold at an average price of $21.35, for a total value of $266,875.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 5,000 shares of CalAmp stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $24.10, for a total transaction of $120,500.00. Following the completion of the transaction, the senior vice president now directly owns 197,289 shares in the company, valued at $4,754,664.90. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by company insiders.

About CalAmp

CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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