Somewhat Favorable Media Coverage Somewhat Unlikely to Affect CalAmp (CAMP) Share Price
Media stories about CalAmp (NASDAQ:CAMP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CalAmp earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the Wireless communications provider an impact score of 46.1262696320774 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Is CalAmp Corp. a Buy? (fool.com)
- CalAmp Sees Unusually High Options Volume (CAMP) (americanbankingnews.com)
- CalAmp (CAMP) Upgraded by JPMorgan Chase & Co. to “Neutral” (americanbankingnews.com)
- CalAmp Corp. (CAMP) SVP Sells $50,000.00 in Stock (americanbankingnews.com)
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of CalAmp 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. B. Riley reaffirmed a “buy” rating and set a $28.00 price target on shares of CalAmp in a report on Wednesday, October 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $27.00 price target on shares of CalAmp in a report on Thursday, December 21st. Zacks Investment Research lowered shares of CalAmp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub raised shares of CalAmp from a “hold” rating to a “buy” rating in a report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $25.71.
CalAmp (NASDAQ:CAMP) last posted its quarterly earnings data on Thursday, December 21st. The Wireless communications provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The firm had revenue of $93.67 million for the quarter, compared to the consensus estimate of $91.10 million. During the same period in the prior year, the firm posted $0.21 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. equities research analysts predict that CalAmp will post 0.91 earnings per share for the current fiscal year.
In other CalAmp news, CEO Michael J. Burdiek sold 9,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $21.68, for a total transaction of $195,120.00. Following the transaction, the chief executive officer now directly owns 492,434 shares in the company, valued at approximately $10,675,969.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 3,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the transaction, the senior vice president now owns 195,289 shares in the company, valued at $4,296,358. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $311,120 over the last quarter. 5.30% of the stock is currently owned by insiders.
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.
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