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.

Analysts Set New Price Targets

Separately, StockNews.com lowered CalAmp from a "hold" rating to a "sell" rating in a report on Monday, June 27th.

CalAmp Stock Performance

NASDAQ:CAMP traded up $0.44 during mid-day trading on Friday, hitting $5.51. 493,672 shares of the company traded hands, compared to its average volume of 349,014. The stock's fifty day moving average price is $5.15 and its 200-day moving average price is $5.97. CalAmp has a one year low of $3.90 and a one year high of $11.84. The company has a quick ratio of 1.74, a current ratio of 1.97 and a debt-to-equity ratio of 7.94. The firm has a market cap of $199.24 million, a price-to-earnings ratio of -5.10 and a beta of 2.39.

CalAmp (NASDAQ:CAMP - Get Rating) last announced 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). CalAmp had a negative net margin of 13.60% and a negative return on equity of 20.41%. The business had revenue of $64.73 million during the quarter, compared to analysts' expectations of $69.56 million. Research analysts anticipate that CalAmp will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CalAmp news, Director B. Riley Asset Management, Llc purchased 105,000 shares of CalAmp stock in a transaction that occurred on Tuesday, June 28th. The shares were bought at an average price of $4.69 per share, for a total transaction of $492,450.00. Following the completion of the transaction, the director now owns 1,480,465 shares of the company's stock, valued at approximately $6,943,380.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jeffery R. Gardner purchased 23,000 shares of the business's stock in a transaction dated Friday, July 8th. The shares were 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 in the company, valued at approximately $1,490,736.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director B. Riley Asset Management, Llc purchased 105,000 shares of the business's stock in a transaction dated Tuesday, June 28th. The stock was bought at an average price of $4.69 per share, for a total transaction 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 approximately $6,943,380.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 467,487 shares of company stock worth $2,002,521. Insiders own 6.60% of the company's stock.