Press coverage about CalAmp Corp. (NASDAQ:CAMP) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CalAmp Corp. earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media headlines about the Wireless communications provider an impact score of 46.5204943005912 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern’s scoring:
- CalAmp Corp. : Earnings Review and Free Research Report: CalAmp Beat Top- and Bottom-Line Expectations (4-traders.com)
- Technology Stock is Neither Hold nor sell: CalAmp Corp. (CAMP) – Street Observer (press release) (streetobserver.com)
- Analyzing CalAmp Corp. (CAMP) & The Competition (americanbankingnews.com)
- CalAmp CEO, business development chief sell shares – Seeking Alpha (seekingalpha.com)
Several research analysts have recently weighed in on CAMP shares. TheStreet upgraded CalAmp Corp. from a “c” rating to a “b” rating in a report on Friday, September 29th. B. Riley reiterated a “buy” rating and issued a $28.00 price objective on shares of CalAmp Corp. in a report on Saturday, July 1st. Craig Hallum boosted their target price on CalAmp Corp. from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th. Northland Securities reissued a “buy” rating and issued a $20.00 target price on shares of CalAmp Corp. in a research report on Monday, June 26th. Finally, Zacks Investment Research raised CalAmp Corp. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.75.
Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 23.91 on Thursday. The stock has a market cap of $851.22 million, a price-to-earnings ratio of 221.39 and a beta of 1.60. The stock’s 50 day moving average price is $20.45 and its 200-day moving average price is $19.04. CalAmp Corp. has a 52-week low of $12.13 and a 52-week high of $24.68.
CalAmp Corp. (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The firm had revenue of $89.80 million for the quarter, compared to the consensus estimate of $88.72 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts predict that CalAmp Corp. will post $1.17 earnings per share for the current fiscal year.
In related news, CEO Michael J. Burdiek sold 9,000 shares of CalAmp Corp. stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $23.99, for a total transaction of $215,910.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Garo Sarkis Sarkissian sold 9,833 shares of CalAmp Corp. stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.89, for a total transaction of $234,910.37. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
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About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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