CalAmp Corp. (CAMP) Releases Earnings Results, Beats Expectations By $0.09 EPS

CalAmp Corp. (CAMP) reported quarterly earnings results on Tuesday, Jun-28-2016. The company said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.21. The company posted revenue of $91.10 million in the period, compared to analysts expectations of $80.75 million. The company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on CalAmp Corp.. CalAmp Corp. was Upgraded by Sidoti to ” Buy” on May 9, 2016. Shares were Reiterated by Craig Hallum on Apr 20, 2016 to “Buy” and Lowered the Price Target to $ 21 from a previous price target of $24 .

CalAmp Corp. closed down -0.5 points or -3.53% at $13.67 with 6,85,107 shares getting traded on Monday. Post opening the session at $14.05, the shares hit an intraday low of $13.59 and an intraday high of $14.06 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 24, 2016, Richard K Vitelle (Executive VP & CFO) sold 500 shares at $15.00 per share price. According to the SEC, on Jan 7, 2016, Michael J Burdiek (President & CEO) sold 15,000 shares at $20.00 per share price. On Oct 13, 2015, Garo Sarkis Sarkissian (SVP Business Development) sold 6,243 shares at $20.07 per share price, according to the Form-4 filing with the securities and exchange commission.

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 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. The Company’s 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 Company’s 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.

CalAmp Corp.

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