NASDAQ:CAMP - CalAmp Stock Price, Forecast & News

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

CalAmp Corp. (NASDAQ:CAMP) announced its quarterly earnings results on Thursday, December, 19th. The Wireless communications provider reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.15. The Wireless communications provider had revenue of $96.60 million for the quarter, compared to analysts' expectations of $95.11 million. CalAmp had a positive return on equity of 6.90% and a negative net margin of 3.36%. The company's revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. View CalAmp's Earnings History.

CalAmp is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for CalAmp.

CalAmp updated its fourth quarter earnings guidance on Thursday, December, 19th. The company provided earnings per share (EPS) guidance of $0.10-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. The company issued revenue guidance of $95-100 million, compared to the consensus revenue estimate of $97.63 million.

7 equities research analysts have issued 1-year price targets for CalAmp's shares. Their forecasts range from $11.00 to $20.00. On average, they anticipate CalAmp's stock price to reach $14.67 in the next twelve months. This suggests a possible upside of 41.4% 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, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CalAmp earned a news impact score of 1.8 on InfoTrie's scale. They also gave news articles about the Wireless communications provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for CalAmp.

CalAmp saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,420,000 shares, an increase of 24.1% from the December 31st total of 1,950,000 shares. Based on an average daily volume of 388,800 shares, the days-to-cover ratio is presently 6.2 days. Approximately 7.4% of the shares of the stock are sold short. View CalAmp's Current Options Chain.

Some companies that are related to CalAmp include Cisco Systems (CSCO), Ciena (CIEN), Finisar (FNSR), Comtech Telecomm. (CMTL), Calix (CALX), ADTRAN (ADTN), Bel Fuse (BELFB), Aware (AWRE), Aviat Networks (AVNW), Digi International (DGII), Echostar (SATS), Extreme Networks (EXTR), F5 Networks (FFIV), Harmonic (HLIT) and Infinera (INFN).

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), Advanced Micro Devices (AMD), IQIYI (IQ), Bank of America (BAC), Gilead Sciences (GILD), Broadcom (AVGO) and Intel (INTC).

CalAmp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (3.13%), Renaissance Technologies LLC (3.05%), Royce & Associates LP (3.00%), Tributary Capital Management LLC (2.48%), Rice Hall James & Associates LLC (2.24%) and Goldman Sachs Group Inc. (1.24%). 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 Goldman Sachs Group Inc., Assenagon Asset Management S.A., Falcon Point Capital LLC, California Public Employees Retirement System, Tributary Capital Management LLC, Renaissance Technologies LLC, Rice Hall James & Associates LLC and Bank of Montreal Can. View Insider Buying and Selling for CalAmp.

CAMP stock was acquired by a variety of institutional investors in the last quarter, including Royce & Associates LP, Mackay Shields LLC, Raymond James Financial Services Advisors Inc., State Street Corp, 1492 Capital Management LLC, Great West Life Assurance Co. Can, John G Ullman & Associates Inc. and Aigen Investment Management LP. 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 $10.37.

CalAmp has a market capitalization of $354.24 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]