CalAmp Corp. (CAMP) Receiving Somewhat Positive News Coverage, Report Shows
News stories about CalAmp Corp. (NASDAQ:CAMP) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CalAmp Corp. earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the Wireless communications provider an impact score of 45.9779814344961 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
CalAmp Corp. (NASDAQ:CAMP) opened at $22.11 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.36 and a current ratio of 2.72. CalAmp Corp. has a 12-month low of $14.12 and a 12-month high of $24.68. The stock has a market capitalization of $796.76, a price-to-earnings ratio of 25.15 and a beta of 1.66.
CalAmp Corp. (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a return on equity of 18.18% and a net margin of 1.31%. The company had revenue of $89.80 million during the quarter, compared to analyst estimates of $88.72 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. sell-side analysts expect that CalAmp Corp. will post 0.95 earnings per share for the current fiscal year.
Several research firms have issued reports on CAMP. B. Riley restated a “buy” rating and set a $28.00 price objective on shares of CalAmp Corp. in a report on Wednesday, October 4th. TheStreet upgraded CalAmp Corp. from a “c” rating to a “b” rating in a report on Friday, September 29th. BidaskClub downgraded CalAmp Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. J P Morgan Chase & Co downgraded CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 price target for the company. in a report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded CalAmp Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. CalAmp Corp. has an average rating of “Hold” and an average target price of $25.14.
In other news, SVP Garo Sarkis Sarkissian sold 9,833 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.89, for a total transaction of $234,910.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael J. Burdiek sold 9,000 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $23.99, for a total value of $215,910.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,833 shares of company stock valued at $1,216,660. Insiders own 5.30% of the company’s stock.
About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
Receive News & Ratings for CalAmp Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAmp Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.