CalAmp Corp. (CAMP) was Downgraded by First Analysis Sec to ” Equal-Weight” and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of “Overweight ” on the company shares. First Analysis Sec advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on CalAmp Corp.. Shares were Reiterated by First Analysis Sec on Aug 15, 2016 to “Overweight” and Lowered the Price Target to $ 19 from a previous price target of $21 .
On the company’s financial health, CalAmp Corp. reported $0.27 EPS for the quarter, based on the information available during the earnings call on Sep 29, 2016. Analyst had a consensus estimate of $0.27. The company had revenue of $90.50 million for the quarter, compared to analysts expectations of $92.26 million. The company’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
CalAmp Corp. opened for trading at $16.32 and hit $16.58 on the upside on Tuesday, eventually ending the session at $16.41, with a gain of 0.80% or 0.13 points. The heightened volatility saw the trading volume jump to 3,89,916 shares. Company has a market cap of $603 M.
In a different news, on Sep 7, 2016, Richard K Vitelle (Executive VP & CFO) sold 15,000 shares at $15.01 per share price. According to the SEC, on Jul 6, 2016, Jeffery R Gardner (director) purchased 1,000 shares at $14.11 per share price. On Jan 7, 2016, Michael J Burdiek (President & CEO) sold 15,000 shares at $20.00 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.