CalAmp (CAMP) Given News Impact Score of 0.16
Media coverage about CalAmp (NASDAQ:CAMP) has been trending somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CalAmp earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the Wireless communications provider an impact score of 46.0870660784618 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several brokerages have issued reports on CAMP. BidaskClub upgraded shares of CalAmp from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th. B. Riley reiterated a “buy” rating and set a $28.00 target price on shares of CalAmp in a research report on Wednesday, January 3rd. Zacks Investment Research lowered shares of CalAmp from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Canaccord Genuity reiterated a “buy” rating and set a $27.00 target price on shares of CalAmp in a research report on Thursday, December 21st. Finally, ValuEngine lowered shares of CalAmp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.29.
CalAmp (NASDAQ CAMP) opened at $22.85 on Wednesday. The company has a market cap of $833.97, a P/E ratio of 46.63 and a beta of 1.63. CalAmp has a one year low of $14.56 and a one year high of $24.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.36 and a current ratio of 2.76.
CalAmp (NASDAQ:CAMP) last posted its quarterly earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $93.67 million for the quarter, compared to the consensus estimate of $91.10 million. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. sell-side analysts predict that CalAmp will post 0.92 EPS for the current fiscal year.
In other CalAmp news, SVP Garo Sarkis Sarkissian sold 3,000 shares of CalAmp stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the transaction, the senior vice president now directly owns 195,289 shares of the company’s stock, valued at $4,296,358. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimberly Alexy sold 25,000 shares of CalAmp stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $22.62, for a total transaction of $565,500.00. Following the completion of the transaction, the director now directly owns 64,729 shares in the company, valued at $1,464,169.98. The disclosure for this sale can be found here. Insiders have sold 46,000 shares of company stock worth $1,026,960 over the last three months. Insiders own 5.30% of the company’s stock.
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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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