CalAmp Corp. (CAMP) Earning Somewhat Positive Press Coverage, Analysis Shows

News stories about CalAmp Corp. (NASDAQ:CAMP) have been trending somewhat positive on Monday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CalAmp Corp. earned a news impact score of 0.16 on Accern’s scale. Accern also assigned headlines about the Wireless communications provider an impact score of 45.831122655165 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

CalAmp Corp. (CAMP) traded up 0.98% during mid-day trading on Monday, reaching $19.55. The company’s stock had a trading volume of 16,359 shares. CalAmp Corp. has a 52 week low of $12.13 and a 52 week high of $20.89. The company’s 50-day moving average price is $18.69 and its 200 day moving average price is $18.33. The firm’s market capitalization is $691.99 million.

CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $88.10 million during the quarter, compared to the consensus estimate of $86.85 million. CalAmp Corp. had a negative net margin of 2.05% and a positive return on equity of 18.84%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, equities analysts forecast that CalAmp Corp. will post $1.17 earnings per share for the current fiscal year.

Several brokerages recently issued reports on CAMP. B. Riley reissued a “buy” rating and issued a $28.00 price objective on shares of CalAmp Corp. in a research note on Saturday, July 1st. BidaskClub raised CalAmp Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Northland Securities reissued a “buy” rating and issued a $22.00 price objective on shares of CalAmp Corp. in a research note on Tuesday, September 5th. Craig Hallum increased their price objective on CalAmp Corp. from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Finally, J P Morgan Chase & Co began coverage on CalAmp Corp. in a research note on Monday, August 28th. They issued a “neutral” rating and a $20.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. CalAmp Corp. presently has an average rating of “Hold” and a consensus price target of $21.00.

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In other CalAmp Corp. news, CEO Michael J. Burdiek sold 10,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the chief executive officer now owns 479,093 shares in the company, valued at $9,581,860. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.30% of the company’s stock.

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.

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

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