News articles about CalAmp (NASDAQ:CAMP) have trended somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news 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 earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the Wireless communications provider an impact score of 46.2613203693994 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
CAMP has been the subject of several analyst reports. Craig Hallum increased their price objective on CalAmp from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. Canaccord Genuity increased their price objective on CalAmp from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. B. Riley reiterated a “buy” rating and issued a $28.00 price objective on shares of CalAmp in a research report on Friday, September 29th. Northland Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of CalAmp in a research report on Sunday, October 1st. Finally, Zacks Investment Research upgraded CalAmp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.29.
CalAmp (NASDAQ:CAMP) opened at $22.41 on Friday. The firm has a market capitalization of $798.36, a P/E ratio of 45.73 and a beta of 1.63. CalAmp has a 52-week low of $14.56 and a 52-week high of $24.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.76 and a quick ratio of 2.36.
CalAmp (NASDAQ:CAMP) last issued its quarterly earnings data on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. CalAmp had a return on equity of 19.20% and a net margin of 5.00%. The company had revenue of $93.67 million during the quarter, compared to analyst estimates of $91.10 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. analysts anticipate that CalAmp will post 0.92 EPS for the current fiscal year.
In other news, SVP Garo Sarkis Sarkissian sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $22.00, for a total transaction of $66,000.00. Following the completion of the transaction, the senior vice president now directly owns 195,289 shares in the company, valued at $4,296,358. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kimberly Alexy sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $22.62, for a total value of $565,500.00. Following the transaction, the director now owns 64,729 shares of the company’s stock, valued at $1,464,169.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,000 shares of company stock valued at $1,026,960. Company insiders own 5.30% of the company’s stock.
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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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