Media stories about CalAmp (NASDAQ:CAMP) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CalAmp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the Wireless communications provider an impact score of 45.9557810665157 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
CalAmp opened at $21.10 on Friday, according to Marketbeat.com. The firm has a market capitalization of $748.47 million, a P/E ratio of 22.93, a P/E/G ratio of 1.36 and a beta of 1.75. CalAmp has a 12 month low of $20.88 and a 12 month high of $21.32. The company has a quick ratio of 2.51, a current ratio of 2.89 and a debt-to-equity ratio of 0.78.
CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, April 26th. The Wireless communications provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $94.40 million during the quarter, compared to analyst estimates of $93.57 million. CalAmp had a return on equity of 18.54% and a net margin of 4.54%. CalAmp’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. equities analysts expect that CalAmp will post 1.03 EPS for the current year.
A number of equities analysts have issued reports on CAMP shares. ValuEngine upgraded CalAmp from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut CalAmp from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. BidaskClub upgraded CalAmp from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 17th. JPMorgan Chase upgraded CalAmp from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $22.76 to $25.00 in a report on Thursday, January 25th. Finally, Craig Hallum reiterated a “hold” rating and issued a $23.00 target price (down from $24.00) on shares of CalAmp in a report on Friday, April 27th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $26.75.
In related news, CEO Michael J. Burdiek sold 12,500 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $281,625.00. Following the completion of the sale, the chief executive officer now directly owns 495,934 shares of the company’s stock, valued at approximately $11,173,393.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 37,500 shares of company stock valued at $817,500 over the last three months. 5.30% of the stock is currently owned by insiders.
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.
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