Media coverage about CalAmp (NASDAQ:CAMP) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CalAmp earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news coverage about the Wireless communications provider an impact score of 45.2747110123202 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
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Comparing CalAmp (CAMP) & Gilat Satellite Networks (GILT) (americanbankingnews.com) Tracking the Consensus EPS For CalAmp Corp. (NASDAQ:CAMP) (derbynewsjournal.com) When to Buy Opportunity? CalAmp Corp. (CAMP) (nysestocks.review) CalAmp Corp. (CAMP) Expected to Post Quarterly Sales of $92.86 Million (americanbankingnews.com) Global GPS Tracking Devices Market Analysis 2018-2023: Calamp, Xirgo Tech., Verizon Wireless, Laipac Tech., Sierra … (brooksinbeta.com)
CAMP opened at $21.31 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 2.51. CalAmp has a 12 month low of $17.52 and a 12 month high of $25.45. The firm has a market capitalization of $762.05 million, a P/E ratio of 23.16, a PEG ratio of 1.38 and a beta of 1.75.
CalAmp (NASDAQ:CAMP) last announced its earnings results on Thursday, April 26th. The Wireless communications provider reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $94.40 million during the quarter, compared to analyst estimates of $93.57 million. CalAmp had a net margin of 4.54% and a return on equity of 18.54%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 EPS. sell-side analysts forecast that CalAmp will post 1.03 earnings per share for the current fiscal year.
CAMP has been the subject of a number of recent analyst reports. Roth Capital set a $28.00 price objective on shares of CalAmp and gave the company a “buy” rating in a research report on Sunday, May 20th. Zacks Investment Research upgraded shares of CalAmp from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. ValuEngine upgraded shares of CalAmp from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. William Blair restated a “market perform” rating on shares of CalAmp in a research report on Friday, April 27th. Finally, TheStreet cut shares of CalAmp from a “b” rating to a “c+” rating in a research report on Thursday, April 26th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. CalAmp has an average rating of “Buy” and a consensus target price of $26.75.
In related news, CEO Michael J. Burdiek sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $19.58, for a total value of $244,750.00. Following the completion of the transaction, the chief executive officer now directly owns 495,934 shares of the company’s stock, valued at approximately $9,710,387.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 37,500 shares of company stock valued at $817,500. Company insiders own 5.30% of the company’s stock.
About CalAmp
CalAmp Corp. provides Internet of Things (IoT) enablement solutions for various mobile and fixed applications worldwide. The company provides solutions for mobile resource management and applications for the IoT market, which enable customers in the transportation, government, construction, automotive, and energy markets to optimize their operations by collecting, monitoring, and reporting business-critical data and desired intelligence from remote and mobile assets.
