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.

Wall Street Analyst Weigh In

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

CalAmp Price Performance

Shares of CAMP Stock opened at $4.99 on Monday. CalAmp has a 12-month low of $3.90 and a 12-month high of $12.23. The company has a debt-to-equity ratio of 7.94, a current ratio of 1.97 and a quick ratio of 1.74. The business has a 50 day simple moving average of $5.33 and a 200 day simple moving average of $5.99.

CalAmp (NASDAQ:CAMP - Get Rating) last announced its quarterly earnings results on Thursday, June 23rd. The Wireless communications provider reported ($0.18) earnings per share (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 return on equity of 20.41% and a negative net margin of 13.60%. Sell-side analysts anticipate that CalAmp will post -0.44 earnings per share for the current year.

Insider Buying and Selling

In related news, Director B. Riley Asset Management, Llc bought 107,587 shares of the stock in a transaction on Wednesday, July 13th. The shares were purchased at an average price of $4.08 per share, with a total value of $438,954.96. Following the purchase, the director now owns 2,189,159 shares in the company, valued at $8,931,768.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director B. Riley Asset Management, Llc purchased 107,587 shares of the firm's stock in a transaction on Wednesday, July 13th. The stock was purchased at an average cost of $4.08 per share, with a total value of $438,954.96. Following the purchase, the director now owns 2,189,159 shares in the company, valued at approximately $8,931,768.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffery R. Gardner purchased 23,000 shares of the stock in a transaction dated Friday, July 8th. The shares were purchased at an average price of $4.30 per share, for a total transaction of $98,900.00. Following the completion of the transaction, the chief executive officer now owns 346,683 shares in the company, valued at approximately $1,490,736.90. The disclosure for this purchase can be found here. Insiders purchased 467,487 shares of company stock valued at $2,002,521 over the last 90 days. 6.60% of the stock is currently owned by company insiders.