CalAmp (CAMP) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

CalAmp (CAMP) announced its quarterly earnings results on Tuesday, Dec-22-2015. The company reported $0.31 Earnings Per Share for the quarter, beating the analyst consensus estimate by $0.02. Analyst had a consensus of $0.29 EPS. The company had revenue of $74.70 million for the quarter, compared to analysts expectations of $73.97 million.The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, CalAmp posted $0.25 EPS.

Shares of CalAmp Corp. (NASDAQ:CAMP) ended Thursday session in red amid volatile trading. The shares closed down 0.26 points or 1.34% at $19.21 with 210,133 shares getting traded. Post opening the session at $19.53, the shares hit an intraday low of $19.09 and an intraday high of $19.7 and the price vacillated in this range throughout the day. The company has a market cap of $702 million and the number of outstanding shares has been calculated to be 36,553,606 shares. The 52-week high of CalAmp Corp. (NASDAQ:CAMP) is $21.82 and the 52-week low is $14.01.

During the last several months other analysts have commented on the company rating. Chardan Capital initiates coverage on CalAmp Corp. (NASDAQ:CAMP). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $24 per share. The rating by the firm was issued on December 7, 2015.

CalAmp Corp. (NASDAQ:CAMP) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 1 by 7 Wall Street Analysts. 7 analysts have added the shares in their list of strong buys.

CalAmp Corp. (NASDAQ:CAMP): The mean short term price target for CalAmp Corp. (NASDAQ:CAMP) has been established at $25.79 per share. The higher price target estimate is at $33 and the lower price target estimate is expected at $23 according to 7 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $3.46

CalAmp Corp. has dropped 6.7% in the last five trading days, however, the shares have posted positive gains of 2.62% in the last 4 weeks. CalAmp Corp. is up 12.4% in the last 3-month period. Year-to-Date the stock performance stands at 4.97%.”

CalAmp Corp. (CalAmp) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications. The Company has two business segments: Wireless DataCom, which serves commercial, industrial and government customers, and Satellite, which focuses on the North American Direct Broadcast Satellite (DBS) market. In May 2012, CalAmp Corp announced that it has entered into a five-year supply agreement to provide fleet tracking products to Navman Wireless. As part of the transaction, CalAmp has acquired certain products and technologies from Navman Wireless and established a research and development center in Auckland, New Zealand. The assets acquired by CalAmp include technology for Mobile Display Terminals (MDT) and an MDT product line marketed to telematics original equipment manufacturers (OEMs) globally. In March 2013, it completed the acquisition of the operations of Wireless Matrix Corporation.