CalAmp Stock Price, Forecast & Analysis (NASDAQ:CAMP)

CalAmp trades on the NASDAQ under the ticker symbol "CAMP."

CalAmp Corp. (NASDAQ:CAMP) issued its quarterly earnings results on Thursday, September, 26th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.03 by $0.11. The Wireless communications provider earned $93.20 million during the quarter, compared to the consensus estimate of $91.50 million. CalAmp had a positive return on equity of 9.04% and a negative net margin of 1.50%. The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.31 EPS. View CalAmp's Earnings History.

CalAmp is scheduled to release their next quarterly earnings announcement on Thursday, December 19th 2019. View Earnings Estimates for CalAmp.

CalAmp issued an update on its third quarter earnings guidance on Thursday, September, 26th. The company provided earnings per share guidance of $0.11-$0.17 for the period, compared to the Thomson Reuters consensus estimate of $0.20. The company issued revenue guidance of $92-$98 million, compared to the consensus revenue estimate of $94.76 million.

7 Wall Street analysts have issued 1 year target prices for CalAmp's stock. Their forecasts range from $11.00 to $28.00. On average, they anticipate CalAmp's stock price to reach $19.71 in the next twelve months. This suggests a possible upside of 92.0% from the stock's current price. View Analyst Price Targets for CalAmp.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CalAmp in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CalAmp.

Press coverage about CAMP stock has been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CalAmp earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned news stories about the Wireless communications provider a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the stock's share price in the immediate future. View News Stories for CalAmp.

CalAmp saw a drop in short interest in October. As of October 31st, there was short interest totalling 2,290,000 shares, a drop of 7.3% from the September 30th total of 2,470,000 shares. Based on an average trading volume of 304,000 shares, the days-to-cover ratio is currently 7.5 days. Currently, 7.0% of the company's shares are short sold. View CalAmp's Current Options Chain.

Some companies that are related to CalAmp include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ubiquiti Networks (UBNT), Ciena (CIEN), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Infinera (INFN), Plantronics (PLT) and Comtech Telecomm. (CMTL).

Based on aggregate information from My MarketBeat watchlists, some companies that other CalAmp investors own include Aptiv (APTV), Sierra Wireless (SWIR), Applied Materials (AMAT), Energous (WATT), IQIYI (IQ), Bank of America (BAC), Advanced Micro Devices (AMD), Broadcom (AVGO), Gilead Sciences (GILD) and Intel (INTC).

CalAmp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (2.68%), Rice Hall James & Associates LLC (2.42%), California Public Employees Retirement System (1.05%), John G Ullman & Associates Inc. (0.80%), Assenagon Asset Management S.A. (0.58%) and Rhumbline Advisers (0.32%). Company insiders that own CalAmp stock include Garo Sarkis Sarkissian, Larry J Wolfe and Michael J Burdiek. View Institutional Ownership Trends for CalAmp.

CAMP stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Tributary Capital Management LLC, Rice Hall James & Associates LLC, Hancock Whitney Corp and First National Bank of Omaha. View Insider Buying and Selling for CalAmp.

CAMP stock was bought by a variety of institutional investors in the last quarter, including John G Ullman & Associates Inc., First Trust Advisors LP, Campbell & CO Investment Adviser LLC, California Public Employees Retirement System, State of Alaska Department of Revenue, Rhumbline Advisers and State of Tennessee Treasury Department. View Insider Buying and Selling for CalAmp.

Shares of CAMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CAMP stock can currently be purchased for approximately $10.27.

CalAmp has a market capitalization of $350.41 million and generates $363.80 million in revenue each year. CalAmp employs 882 workers across the globe.View Additional Information About CalAmp.

The official website for CalAmp is http://www.calamp.com/.

CalAmp's mailing address is 15635 Alton Parkway Suite 250, Irvine CA, 92618. The Wireless communications provider can be reached via phone at 949-600-5600 or via email at [email protected]