Press coverage about CalAmp Corp. (NASDAQ:CAMP) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CalAmp Corp. earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the Wireless communications provider an impact score of 76 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- CalAmp : Announces New Chief Financial Officer (4-traders.com)
- Chartists Taking Aim at CalAmp Corp (CAMP) Shares – FLBC News (flbcnews.com)
- Calamp Corp. (CAMP) Appoints Kutis Binder New EVP & CFO – StreetInsider.com (streetinsider.com)
- CalAmp Announces New Chief Financial Officer (finance.yahoo.com)
- CalAmp Corp. (CAMP) noted a price change of -0.05% and IXYS Corporation (IXYS) closes with a move of 0.00% – Stocks Gallery (stocksgallery.com)
A number of research analysts have recently commented on CAMP shares. Sidoti lowered CalAmp Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, March 22nd. B. Riley restated a “buy” rating and set a $22.00 target price on shares of CalAmp Corp. in a research note on Monday, April 17th. Zacks Investment Research downgraded CalAmp Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Benchmark Co. started coverage on CalAmp Corp. in a research note on Tuesday, April 25th. They set a “buy” rating and a $23.00 target price for the company. Finally, Northland Securities restated a “buy” rating and set a $20.00 target price on shares of CalAmp Corp. in a research note on Monday, June 26th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.88.
Shares of CalAmp Corp. (NASDAQ CAMP) opened at 19.30 on Tuesday. The firm has a 50 day moving average price of $19.24 and a 200-day moving average price of $16.89. The company’s market cap is $683.14 million. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $20.89.
CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings data on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. CalAmp Corp. had a positive return on equity of 18.84% and a negative net margin of 2.05%. The company had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $86.85 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. Analysts anticipate that CalAmp Corp. will post $1.17 earnings per share for the current fiscal year.
In related news, CEO Michael J. Burdiek sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the chief executive officer now directly owns 479,093 shares in the company, valued at $9,581,860. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Garo Sarkis Sarkissian sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $18.83, for a total value of $282,450.00. Following the completion of the sale, the senior vice president now owns 200,680 shares of the company’s stock, valued at $3,778,804.40. 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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