NASDAQ:CAMP

CalAmp (CAMP) Stock Forecast, Price & News

$1.82

+0.04 (+2.25%)

(As of 02:47 PM ET)

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Today's Range: $1.76
▼
$1.83
50-Day Range: $1.66
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$3.59
52-Week Range: $1.61
▼
$7.44

Volume: 62,522 shs
Average Volume: 162,098 shs
Market Capitalization: $68.30 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.85

CalAmp MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 117.5% Upside
$3.85 Price Target
Short Interest: Bearish
2.03% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -2.29
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 123.08%
From $0.13 to $0.29 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

Computer And Technology Sector

400th out of 604 stocks

Radio & T.V. Communications Equipment Industry

17th out of 25 stocks

3.0

Analyst's Opinion

Consensus Rating
CalAmp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $3.85, CalAmp has a forecasted upside of 117.5% from its current price of $1.77.
Amount of Analyst Coverage
CalAmp has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.03% of the outstanding shares of CalAmp have been sold short.
Short Interest Ratio / Days to Cover
CalAmp has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in CalAmp has recently increased by 0.21%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
CalAmp does not currently pay a dividend.
Dividend Growth
CalAmp does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
CalAmp has received a 26.56% net impact score from Upright. The largest positive contribution comes from its "Creating knowledge" impact, which is mostly driven by its "IoT management software", "Asset tracking devices", and "Inventory management software for vehicles" products. See details.
Environmental Sustainability
The Environmental Impact score for CalAmp is -2.29.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for CalAmp this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for CAMP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CalAmp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.60% of the stock of CalAmp is held by insiders.
Percentage Held by Institutions
75.52% of the stock of CalAmp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for CalAmp are expected to grow by 123.08% in the coming year, from $0.13 to $0.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CalAmp is -1.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of CalAmp is -1.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
CalAmp has a PEG Ratio of 1.13. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CalAmp has a P/B Ratio of 4.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CalAmp (NASDAQ:CAMP) Stock

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.

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CAMP Stock News Headlines

May 27, 2023 | fool.com

CalAmp (NASDAQ: CAMP)

May 18, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on CalAmp (NASDAQ:CAMP)

June 2, 2023 | Edge On The Street (Ad)

The Real Problem With "Made in America" Lithium

Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.

May 18, 2023 | americanbankingnews.com

CalAmp Corp. (NASDAQ:CAMP) Short Interest Update

May 16, 2023 | thestreet.com

Why CalAmp (CAMP) Stock Is Down After-Hours Tuesday

May 11, 2023 | finanznachrichten.de

CalAmp Corp.: CalAmp Announces CEO Transition

May 11, 2023 | marketwatch.com

CalAmp Chief Executive Jeff Gardner to Step Down >CAMP

May 11, 2023 | finance.yahoo.com

CalAmp Announces CEO Transition

June 2, 2023 | Edge On The Street (Ad)

The Real Problem With "Made in America" Lithium

Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.

May 4, 2023 | finance.yahoo.com

CalAmp To Participate at the Oppenheimer Emerging Growth Conference on May 11

April 29, 2023 | finance.yahoo.com

CalAmp Full Year 2023 Earnings: EPS Misses Expectations

April 29, 2023 | americanbankingnews.com

CalAmp (NASDAQ:CAMP) Price Target Cut to $4.00

April 27, 2023 | finance.yahoo.com

CalAmp Reports Fourth Quarter and Fiscal Year 2023 Financial Results

April 25, 2023 | americanbankingnews.com

CalAmp (CAMP) Scheduled to Post Quarterly Earnings on Thursday

April 15, 2023 | benzinga.com

CalAmp Stock (NASDAQ:CAMP), Dividends

April 13, 2023 | finance.yahoo.com

CalAmp Announces Date for Fiscal 2023 Fourth Quarter and Full Year Earnings Conference Call

April 5, 2023 | finance.yahoo.com

CalAmp Corp. (NASDAQ:CAMP) is largely controlled by institutional shareholders who own 55% of the company

March 9, 2023 | finance.yahoo.com

One CalAmp Corp. (NASDAQ:CAMP) insider upped their stake by 7.1% in the previous year

January 27, 2023 | finance.yahoo.com

CalAmp Announces Restructuring Plan to Accelerate Conversion to a Software and Subscription Services (S&SS) Business Model

January 27, 2023 | finance.yahoo.com

CalAmp to cut 8% of its workforce in restructuring

January 20, 2023 | finance.yahoo.com

Despite Fast-paced Momentum, CalAmp (CAMP) Is Still a Bargain Stock

January 15, 2023 | thestreet.com

Why CalAmp (CAMP) Stock Is Falling After Hours

January 3, 2023 | finance.yahoo.com

CalAmp to Present at the Needham Growth Conference on January 10

December 30, 2022 | finance.yahoo.com

CalAmp (CAMP) Is Attractively Priced Despite Fast-paced Momentum

December 29, 2022 | finance.yahoo.com

Do Options Traders Know Something About CalAmp (CAMP) Stock We Don't?

December 20, 2022 | finance.yahoo.com

CalAmp Reports Third Quarter Fiscal Year 2023 Financial Results

December 6, 2022 | finance.yahoo.com

CalAmp Announces Date for Fiscal 2023 Third Quarter Earnings Conference Call

See More Headlines

CAMP Price History

30 days | 90 days | 365 days | Advanced Chart

CAMP Company Calendar

Last Earnings: 12/21/2021
Today: 6/02/2023
Next Earnings (Estimated): 6/22/2023
Fiscal Year End: 2/29/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio & t.v. communications equipment
Sub-Industry: Communications Equipment
Sector: Computer and Technology
Current Symbol: NASDAQ:CAMP
CUSIP: 12812610
CIK: 730255
Web: www.calamp.com
Phone: (949) 600-5600
Fax: 805-856-3857
Employees: 887
Year Founded: 1981

Price Target and Rating

Average Stock Price Forecast: $3.85
High Stock Price Forecast: $4.00
Low Stock Price Forecast: $3.70
Forecasted Upside/Downside: +117.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.90)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 13.62
P/E Growth: 1.13
Net Income: $-32,490,000.00
Net Margins: -11.02%
Pretax Margin: -10.63%
Return on Equity: -58.60%
Return on Assets: -3.23%

Debt

Debt-to-Equity Ratio: 15.90
Current Ratio: 1.64
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: $294.95 million
Price / Sales: 0.23
Cash Flow: $0.28 per share
Price / Cash Flow: 6.41
Book Value: $0.39 per share
Price / Book: 4.54

Miscellaneous

Outstanding Shares: 37,530,000
Free Float: 35,052,000
Market Cap: $66.43 million
Optionable: Optionable
Beta: 2.01

Social Links

Key Executives

Jeff Gardner
President, Chief Executive Officer & Director

Nathan Lowstuter
Chief Supply Chain Officer & SVP-Operations

Jikun Kim
Senior VP, Chief Financial & Accounting Officer

Monica D. van Berkel
Chief People Officer & Senior Vice President

Jeff Clark
Chief Product Officer & Senior Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CAMP Stock - Frequently Asked Questions

Should I buy or sell CalAmp stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CalAmp in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CAMP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAMP, but not buy additional shares or sell existing shares.
View CAMP analyst ratings or view top-rated stocks.
What is CalAmp's stock price forecast for 2023?: 2 brokerages have issued twelve-month price targets for CalAmp's shares. Their CAMP share price forecasts range from $3.70 to $4.00. On average, they expect the company's share price to reach $3.85 in the next twelve months. This suggests a possible upside of 117.5% from the stock's current price.
View analysts price targets for CAMP or view top-rated stocks among Wall Street analysts.
How have CAMP shares performed in 2023?: CalAmp's stock was trading at $4.48 at the beginning of 2023. Since then, CAMP stock has decreased by 60.5% and is now trading at $1.77.
View the best growth stocks for 2023 here.
When is CalAmp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
View our CAMP earnings forecast.
How were CalAmp's earnings last quarter?: CalAmp Corp. (NASDAQ:CAMP) posted its earnings results on Tuesday, December, 21st. The Wireless communications provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by $0.16. The Wireless communications provider had revenue of $68.78 million for the quarter, compared to analysts' expectations of $77.56 million. CalAmp had a negative net margin of 11.02% and a negative trailing twelve-month return on equity of 58.60%. CalAmp's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share.
What ETFs hold CalAmp's stock?: ETFs with the largest weight of CalAmp (NASDAQ:CAMP) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL) and Invesco Nasdaq Future Gen 200 ETF (QQQS).
What guidance has CalAmp issued on next quarter's earnings?: CalAmp updated its first quarter 2024 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $72.00 million-$78.00 million, compared to the consensus revenue estimate of $76.49 million.
What is Jeff Gardner's approval rating as CalAmp's CEO?: 9 employees have rated CalAmp Chief Executive Officer Jeff Gardner on Glassdoor.com. Jeff Gardner has an approval rating of 100% among the company's employees. This puts Jeff Gardner in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of CalAmp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CalAmp investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Aptiv (APTV), Inseego (INSG), Advanced Micro Devices (AMD), Applied Materials (AMAT), Intel (INTC), Sierra Wireless (SWIR), Twilio (TWLO) and American Tower (AMT).
What is CalAmp's stock symbol?: CalAmp trades on the NASDAQ under the ticker symbol "CAMP."
Who are CalAmp's major shareholders?: CalAmp's stock is owned by a number of institutional and retail investors. Top institutional investors include B. Riley Asset Management LLC (9.15%), Aristotle Capital Boston LLC (7.23%), AIGH Capital Management LLC (5.23%), Paradigm Capital Management Inc. NY (4.29%), Royce & Associates LP (4.18%) and Penn Capital Management Company LLC (3.00%). Insiders that own company stock include B Riley Asset Management, Llc, Jeffery R Gardner, Kurtis Joseph Binder and Wes Cummins.
View institutional ownership trends.
How do I buy shares of CalAmp?: Shares of CAMP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CalAmp's stock price today?: One share of CAMP stock can currently be purchased for approximately $1.77.
How much money does CalAmp make?: CalAmp (NASDAQ:CAMP) has a market capitalization of $66.43 million and generates $294.95 million in revenue each year. The Wireless communications provider earns $-32,490,000.00 in net income (profit) each year or ($0.90) on an earnings per share basis.
How many employees does CalAmp have?: The company employs 887 workers across the globe.
Does CalAmp have any subsidiaries?: The following companies are subsidiares of CalAmp: Boisen S.A., CalAmp Importation and Leasing of Tracking Equipment Ltd., CalAmp Japan K.K., CalAmp Northstar Holdings, CalAmp UK Ltd, CalAmp Wireless Networks Corporation, CalAmp Wireless Networks Corporation Limited, CalAmp Wireless Networks Inc., Gulfstream Telematics, Jade Heaven Holdings Limited, LoJack, LoJack Canada Enterprises ULC, LoJack Equipment Ireland DAC, LoJack Europa B.V., LoJack Global LLC, LoJack Italia SRL, LoJack Netherlands B.V., LoJack Network SRL, LoJack de Mexico S. de R.L. de CV, LoJack of Brazil Tracking Services, LoJack of Puerto Rico, Skybility, SmartLink Radio Networks, and Tracker Network (UK) Limited.
Read More
How can I contact CalAmp?: CalAmp's mailing address is 15635 Alton Parkway Suite 250, Irvine CA, 92618. The official website for the company is www.calamp.com. The Wireless communications provider can be reached via phone at (949) 600-5600, via email at ir@calamp.com, or via fax at 805-856-3857.

This page (NASDAQ:CAMP) was last updated on 6/2/2023 by MarketBeat.com Staff

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