CalAmp Corp. (NASDAQ:CAMP) Given News Impact Score of 0.13
Press coverage about CalAmp Corp. (NASDAQ:CAMP) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CalAmp Corp. earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the Wireless communications provider an impact score of 46.0843466160884 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- CalAmp Corp. (NASDAQ:CAMP) Expected to Post Quarterly Sales of $88.41 Million (americanbankingnews.com)
- CalAmp Corp. (CAMP) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- CalAmp (CAMP) Presents At Canaccord Genuity 37th Annual Growth Conference – Slideshow (seekingalpha.com)
- CalAmp Corp. (CAMP) noted a price change of -4.08% and GlobalSCAPE, Inc. (GSB) closes with a move of -5.31% – Stocks Gallery (stocksgallery.com)
- CalAmp Corp. (NASDAQ:CAMP) Stock Closed Significantly Below Its 50 Day Average – Modern Readers (modernreaders.com)
CAMP has been the subject of several recent analyst reports. Northland Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of CalAmp Corp. in a research note on Monday, June 26th. Zacks Investment Research raised shares of CalAmp Corp. from a “sell” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, April 21st. Benchmark Co. initiated coverage on shares of CalAmp Corp. in a research note on Tuesday, April 25th. They set a “buy” rating and a $23.00 price objective for the company. BidaskClub downgraded shares of CalAmp Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $28.00 price objective on shares of CalAmp Corp. in a research note on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. CalAmp Corp. has a consensus rating of “Hold” and an average target price of $20.88.
CalAmp Corp. (NASDAQ:CAMP) traded down 0.55% during trading on Friday, reaching $17.99. 242,923 shares of the company were exchanged. The company’s 50-day moving average price is $19.37 and its 200-day moving average price is $17.77. CalAmp Corp. has a 1-year low of $12.13 and a 1-year high of $20.89. The stock’s market capitalization is $636.77 million.
CalAmp Corp. (NASDAQ:CAMP) last released its quarterly earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. CalAmp Corp. had a negative net margin of 2.05% and a positive return on equity of 18.84%. The firm had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $86.85 million. During the same period in the previous year, the company earned $0.30 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts forecast that CalAmp Corp. will post $1.17 EPS for the current year.
In related news, CEO Michael J. Burdiek sold 10,000 shares of CalAmp Corp. stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief executive officer now owns 479,093 shares in the company, valued at approximately $9,581,860. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Garo Sarkis Sarkissian sold 15,000 shares of CalAmp Corp. stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $18.83, for a total transaction of $282,450.00. Following the sale, the senior vice president now owns 200,680 shares of the company’s stock, valued at approximately $3,778,804.40. The disclosure for this sale can be found here. Company 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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