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

Several research firms have recently issued reports on CAMP. Craig Hallum upgraded shares of CalAmp from a "hold" rating to a "buy" rating and upped their target price for the stock from $8.00 to $10.00 in a research note on Tuesday. StockNews.com downgraded shares of CalAmp from a "hold" rating to a "sell" rating in a report on Monday, June 27th.

CalAmp Stock Performance

Shares of NASDAQ:CAMP traded down $0.20 during midday trading on Friday, reaching $6.19. The company had a trading volume of 3,038 shares, compared to its average volume of 417,097. The company's 50 day moving average price is $5.05 and its 200 day moving average price is $5.99. The company has a current ratio of 1.97, a quick ratio of 1.74 and a debt-to-equity ratio of 7.94. The stock has a market cap of $223.83 million, a P/E ratio of -5.66 and a beta of 2.39. CalAmp has a 52-week low of $3.90 and a 52-week high of $11.78.

CalAmp (NASDAQ:CAMP - Get Rating) last released its quarterly earnings data on Thursday, June 23rd. The Wireless communications provider reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The business had revenue of $64.73 million for the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that CalAmp will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at CalAmp

In other CalAmp news, Director B. Riley Asset Management, Llc acquired 107,587 shares of the company's stock in a transaction on Wednesday, July 13th. The shares were acquired at an average cost of $4.08 per share, with a total value of $438,954.96. Following the completion of the acquisition, the director now directly owns 2,189,159 shares in the company, valued at $8,931,768.72. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director B. Riley Asset Management, Llc purchased 107,587 shares of the stock in a transaction dated Wednesday, July 13th. The shares were purchased at an average cost of $4.08 per share, with a total value of $438,954.96. Following the completion of the acquisition, the director now owns 2,189,159 shares in the company, valued at approximately $8,931,768.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffery R. Gardner purchased 23,000 shares of the stock in a transaction dated Friday, July 8th. The stock was purchased at an average cost of $4.30 per share, for a total transaction of $98,900.00. Following the completion of the acquisition, the chief executive officer now owns 346,683 shares of the company's stock, valued at approximately $1,490,736.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 467,487 shares of company stock valued at $2,002,521 over the last three months. 6.60% of the stock is currently owned by insiders.