Free Trial
Notice: This company has been marked as potentially delisted and may not be actively trading.
NASDAQ:CAMP

CalAmp (CAMP) Stock Price, News & Analysis

CalAmp logo

About CalAmp Stock (NASDAQ:CAMP)

Key Stats

Today's Range
$9.88
$12.26
50-Day Range
$0.40
$4.00
52-Week Range
$0.39
$48.76
Volume
95,917 shs
Average Volume
125,814 shs
Market Capitalization
$228.93 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.33
Consensus Rating
Buy

Company Overview

CalAmp Corp. is a global technology solutions provider founded in 1981 that offers businesses and consumers a wide range of software and hardware products and services worldwide. The company is headquartered in Irvine, California, with additional offices in Europe and Asia. CalAmp has a history of innovation and has received numerous industry awards for its products and services. Key highlights of the company's achievements include acquiring LoJack Corporation, a leader in vehicle theft recovery and advanced fleet management solutions and the launch of CalAmp iOn, a cloud-based platform for managing IoT (Internet of Things) devices.

Calamp's revenue has declined an average of -7.95% yearly, 12.07 percentage points lower than the US Communication Equipment industry's average revenue growth rate of 4.13%. CalAmp shed its satellite communications business in 2020, which resulted in a one-time gain of $85 million. CalAmp's stock performance has declined since 2018 from a peak of around $24.00 a share to a low of approximately $3.00. Despite this, the company could gain momentum as it recently announced a restructuring plan to transition to a cloud-based IOT platform.  

CalAmp operates in the technology solutions industry, rapidly evolving due to the increasing use of digital technologies across various sectors. The company's main competitors include industry giants like Cisco Systems, Inc. and Honeywell International Inc., as well as smaller companies like Fleet Complete and Orbcomm Inc. The industry is subject to various regulatory and political issues, including data privacy and security concerns, which can significantly impact the industry's growth and profitability.

CalAmp's management team is led by CEO Jeff Gardner, who has over 25 years of experience in the technology industry. Other key team members include the recent addition of CFO Kurt Binder, who has a history of succeeding in challenging business environments and CTO Anand Rau, who has 25 years of strategic management experience in delivering enterprise-class, mission-critical applications. 

CalAmp has identified several potential growth opportunities, including expanding its IoT platform, CalAmp iOn, into new markets, such as healthcare and agriculture. The company is also exploring new product launches, such as its recently launched connected car solution, which allows vehicle owners to monitor and manage their vehicles remotely. Additionally, CalAmp is actively pursuing acquisitions to expand its product and service offerings and increase its market share.

The technology industry is highly competitive, and CalAmp faces significant competition from larger, more established companies. The industry is also subject to rapid technological change, which can quickly make existing products and services obsolete. CalAmp must continue to innovate and stay ahead of the curve to maintain its market position. Additionally, the industry is subject to regulatory and political risks, including data privacy and security concerns, which can impact the industry's growth and profitability.

CalAmp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
68th Percentile Overall Score

CAMP MarketRank™: 

CalAmp scored higher than 68% of companies evaluated by MarketBeat, and ranked 382nd out of 986 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    CalAmp has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    CalAmp has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about CalAmp's stock forecast and price target.
  • Earnings Growth

    Earnings for CalAmp are expected to grow in the coming year, from ($4.20) to ($3.01) per share.

  • Short Interest

    There is no current short interest data available for CAMP.
  • Dividend Yield

    CalAmp does not currently pay a dividend.

  • Dividend Growth

    CalAmp does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for CAMP.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for CalAmp this week, compared to 0 articles on an average week.
  • Search Interest

    3 people have searched for CAMP on MarketBeat in the last 30 days.
  • MarketBeat Follows

    1 people have added CalAmp to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, CalAmp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,999,990.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 1.27% of the stock of CalAmp is held by insiders.

  • Read more about CalAmp's insider trading history.
Receive CAMP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for CalAmp and its competitors with MarketBeat's FREE daily newsletter.

CAMP Stock News Headlines

This Bull Market Indicator called NVDA at $116
Every now and again we find an investment idea so incredible we can’t help but share. And today is one of those rare days… Except, today we won't be giving you insight on any one particular stock… But rather, insight on a revolutionary new stock picking indicator… In fact, within the last year, this indicator has become famous for a multitude of reasons… But one of the biggest was because of the buy signal it issued on October 18th, 2022. In fact, on that very day, it said to buy NVDA at $116.37… Anyone who did would be sitting on a tremendously large return today… But even if you missed the original buy signal from October, this incredible indicator issued 11 other buy signals while Nvidia made its epic run…
Camp4 Therapeutics initiated with an Outperform at Leerink
Camp4 Therapeutics initiated with an Overweight at Piper Sandler
CAMP4 Announces Pricing of Initial Public Offering
Campina Ice Cream Industry Tbk PT (CAMP)
See More Headlines

CAMP Stock Analysis - Frequently Asked Questions

CalAmp Corp. (NASDAQ:CAMP) announced its quarterly earnings data on Tuesday, December, 21st. The Wireless communications provider reported ($1.84) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by $3.68. The business's revenue for the quarter was down 12.4% compared to the same quarter last year.

CalAmp shares reverse split on the morning of Friday, February 2nd 2024. The 1-23 reverse split was announced on Friday, February 2nd 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, February 2nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

CalAmp subsidiaries include these companies: LoJack, Gulfstream Telematics, SmartLink Radio Networks, CalAmp Wireless Networks Inc., Skybility, Boisen S.A., CalAmp Importation and Leasing of Tracking Equipment Ltd., and more.

CalAmp (CAMP) raised $75 million in an IPO on Friday, October 11th 2024. The company issued 6,820,000 shares at $11.00 per share.

CalAmp's quiet period expires on Wednesday, November 20th. CalAmp had issued 6,820,000 shares in its public offering on October 11th. The total size of the offering was $75,020,000 based on an initial share price of $11.00. During the company's quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Based on aggregate information from My MarketBeat watchlists, some other companies that CalAmp investors own include Zimmer Biomet (ZBH), Union Pacific (UNP), Charter Communications (CHTR), NVIDIA (NVDA), PayPal (PYPL), MercadoLibre (MELI) and Meta Platforms (META).

Company Calendar

Last Earnings
12/21/2021
Today
11/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:CAMP
CUSIP
12812610
Employees
644
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$19.33
High Stock Price Target
$23.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+64.7%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
19,257,000
Market Cap
$228.93 million
Optionable
No Data
Beta
N/A

Social Links

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

This page (NASDAQ:CAMP) was last updated on 11/13/2024 by MarketBeat.com Staff
From Our Partners