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 lowered CalAmp from a "hold" rating to a "sell" rating in a research report on Monday, June 27th.
CalAmp Price Performance
Shares of CAMP opened at $5.51 on Monday. The firm has a market capitalization of $199.23 million, a price-to-earnings ratio of -5.10 and a beta of 2.39. The company has a debt-to-equity ratio of 7.94, a quick ratio of 1.74 and a current ratio of 1.97. CalAmp has a one year low of $3.90 and a one year high of $11.84. The stock's fifty day moving average is $5.12 and its 200-day moving average is $5.97.
CalAmp (NASDAQ:CAMP - Get Rating) last issued its quarterly earnings results on Thursday, June 23rd. The Wireless communications provider reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.05). The business had revenue of $64.73 million for 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%. Equities analysts anticipate that CalAmp will post -0.44 EPS for the current year.
Insider Activity
In other CalAmp news, Director B. Riley Asset Management, Llc purchased 105,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 1,480,465 shares of the company's stock, valued at $6,943,380.85. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Jeffery R. Gardner bought 23,000 shares of the firm's stock in a transaction that occurred on Friday, July 8th. The stock was acquired at an average price of $4.30 per share, with a total value of $98,900.00. Following the completion of the purchase, the chief executive officer now directly owns 346,683 shares of the company's stock, valued at approximately $1,490,736.90. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director B. Riley Asset Management, Llc bought 105,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 28th. The shares were purchased at an average cost of $4.69 per share, with a total value of $492,450.00. Following the purchase, the director now directly owns 1,480,465 shares of the company's stock, valued at $6,943,380.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 467,487 shares of company stock valued at $2,002,521. Company insiders own 6.60% of the company's stock.