NASDAQ:CAMP - CalAmp Stock Price, Forecast & News

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

CalAmp Corp. (NASDAQ:CAMP) issued its earnings results on Thursday, December, 19th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. The Wireless communications provider earned $96.60 million during the quarter, compared to the consensus estimate of $95.11 million. CalAmp's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 EPS estimate of $0.24. The company issued revenue guidance of $95-100 million, compared to the consensus revenue estimate of $97.63 million.

7 Wall Street analysts have issued 1-year price objectives 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 year. 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.

Media headlines about CAMP stock have trended neutral this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CalAmp earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned media headlines about the Wireless communications provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. 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 trading volume, of 388,800 shares, the days-to-cover ratio is presently 6.2 days. Approximately 7.4% of the shares of the company are short sold. View CalAmp's Current Options Chain.

Some companies that are related to CalAmp include Finisar (FNSR), Aviat Networks (AVNW), Aware (AWRE), ADTRAN (ADTN), Bel Fuse (BELFB), Calix (CALX), Ciena (CIEN), Cisco Systems (CSCO), Comtech Telecomm. (CMTL), 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), Bank of America (BAC), Gilead Sciences (GILD), IQIYI (IQ), Broadcom (AVGO) and Intel (INTC).

CalAmp's stock is owned by many different of retail and institutional investors. Top institutional investors 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 purchased 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.