Analyst Rating Update on CalAmp (CAMP)

CalAmp (NASDAQ:CAMP) : 8 analysts are covering CalAmp (NASDAQ:CAMP) and their average rating on the stock is 1.25, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CalAmp (NASDAQ:CAMP) : 6 investment research analysts covering CalAmp (NASDAQ:CAMP) have an average price target of $23.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $29 and the lowest target is $20 for the short term. Analysts expect the variance to be within $3.14 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Sidoti & Co. upgrades its rating on CalAmp (NASDAQ:CAMP). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 9, 2016.

CalAmp (NASDAQ:CAMP): stock turned positive on Tuesday. Though the stock opened at $13.87, the bulls momentum made the stock top out at $14.38 level for the day. The stock recorded a low of $13.86 and closed the trading day at $14.09, in the green by 3.07%. The total traded volume for the day was 911,248. The stock had closed at $13.67 in the previous days trading.

In an insider trading activity,The officer (Executive VP & CFO) of Calamp Corp., Vitelle Richard K sold 500 shares at $15 on June 23, 2016. The Insider selling transaction had a total value worth of $7,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company has two business segments: Wireless DataCom and Satellite. The Companys 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. The Companys MRM and M2M solutions collect, monitor and report data and intelligence from remote and mobile assets. It delivers products, software services and solutions for energy, government, transportation and automotive vertical markets. The Companys Satellite segment develops, manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices providing the delivery of digital and high definition satellite television services.

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