CalAmp (CAMP) Getting Somewhat Favorable News Coverage, Accern Reports

News articles about CalAmp (NASDAQ:CAMP) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CalAmp earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the Wireless communications provider an impact score of 46.7993740558653 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several research firms have recently weighed in on CAMP. Zacks Investment Research cut shares of CalAmp from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. First Analysis set a $29.00 price objective on shares of CalAmp and gave the stock a “buy” rating in a research report on Thursday, July 5th. B. Riley reissued a “buy” rating on shares of CalAmp in a research report on Thursday, June 28th. ValuEngine raised shares of CalAmp from a “hold” rating to a “buy” rating in a research report on Friday, June 29th. Finally, Craig Hallum reissued a “hold” rating and issued a $23.00 price objective (down previously from $24.00) on shares of CalAmp in a research report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.75.

Shares of CAMP stock traded down $0.21 during trading on Wednesday, reaching $23.38. The company’s stock had a trading volume of 3,570 shares, compared to its average volume of 321,367. The company has a quick ratio of 2.59, a current ratio of 2.91 and a debt-to-equity ratio of 0.77. The firm has a market cap of $820.29 million, a PE ratio of 25.42, a P/E/G ratio of 2.00 and a beta of 1.75. CalAmp has a one year low of $17.52 and a one year high of $25.45.

CalAmp (NASDAQ:CAMP) last announced its quarterly earnings data on Wednesday, June 27th. The Wireless communications provider reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $94.90 million for the quarter, compared to analyst estimates of $93.05 million. CalAmp had a net margin of 7.45% and a return on equity of 17.26%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. equities analysts predict that CalAmp will post 0.97 earnings per share for the current fiscal year.

In other CalAmp news, CEO Michael J. Burdiek sold 12,500 shares of the company’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $21.35, for a total transaction of $266,875.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $24.10, for a total transaction of $120,500.00. Following the sale, the senior vice president now directly owns 197,289 shares in the company, valued at $4,754,664.90. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Insider Buying and Selling by Quarter for CalAmp (NASDAQ:CAMP)

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