CalAmp - CAMP Stock Forecast, Price & News

CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products. It provides CalAmp Telematics Cloud platform, such as cloud-based application enablement and telematics service platforms that facilitate integration of its own applications, as well as those of third parties, through open application programming interfaces; and software as a service application, as well as provides tracking and monitoring services within fleet management, supply chain integrity, and international vehicle location. The company also offers telematics products, including asset tracking units, mobile telematics devices, fixed and mobile wireless gateways, and routers; and advanced telematics products for the broader connected vehicle and Internet of Things marketplace, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets. In addition, it offers professional services, including project management, engineering services, and installation services. The company sells its products and services to customers in the automotive, telecommunications, industrial equipment, transportation and logistics, government and municipalities, insurance, auto dealers, original equipment manufacturers, and leasing companies. It markets through direct sales organization, channel partner program, original equipment manufacturers, and independent sales representatives and distributors, as well as its websites and digital platform. The company was incorporated in 1981 and is headquartered in Irvine, California.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of CalAmp from a "hold" rating to a "sell" rating in a research report on Monday, June 27th.

CalAmp Trading Up 0.8 %

Shares of NASDAQ:CAMP traded up $0.04 during trading on Monday, reaching $5.03. The stock had a trading volume of 188,788 shares, compared to its average volume of 391,761. The business has a fifty day moving average price of $5.28 and a 200-day moving average price of $5.99. The company has a quick ratio of 1.74, a current ratio of 1.97 and a debt-to-equity ratio of 7.94. The stock has a market cap of $181.87 million, a P/E ratio of -4.66 and a beta of 2.39. CalAmp has a fifty-two week low of $3.90 and a fifty-two week high of $12.23.

CalAmp (NASDAQ:CAMP - Get Rating) last posted its quarterly earnings data on Thursday, June 23rd. The Wireless communications provider reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.05). The firm had revenue of $64.73 million during the quarter, compared to analyst estimates of $69.56 million. CalAmp had a negative net margin of 13.60% and a negative return on equity of 20.41%. As a group, analysts anticipate that CalAmp will post -0.44 earnings per share for the current fiscal year.

Insider Activity

In other news, Director B. Riley Asset Management, Llc acquired 105,000 shares of the business's stock in a transaction dated Tuesday, June 28th. The stock was acquired at an average price of $4.69 per share, with a total value of $492,450.00. Following the completion of the transaction, the director now directly owns 1,480,465 shares in the company, valued at approximately $6,943,380.85. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Jeffery R. Gardner purchased 23,000 shares of the company's stock in a transaction that occurred on Friday, July 8th. The stock was purchased at an average price of $4.30 per share, with a total value of $98,900.00. Following the completion of the transaction, the chief executive officer now owns 346,683 shares of the company's stock, valued at approximately $1,490,736.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director B. Riley Asset Management, Llc purchased 105,000 shares of the company's stock in a transaction that occurred on Tuesday, June 28th. The shares were bought at an average cost of $4.69 per share, with a total value of $492,450.00. Following the transaction, the director now directly owns 1,480,465 shares of the company's stock, valued at approximately $6,943,380.85. The disclosure for this purchase can be found here. Insiders bought a total of 467,487 shares of company stock valued at $2,002,521 over the last 90 days. Insiders own 6.60% of the company's stock.