CalAmp Corp. (CAMP) Receives Daily Media Sentiment Score of 0.21
Press coverage about CalAmp Corp. (NASDAQ:CAMP) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog 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 Corp. earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the Wireless communications provider an impact score of 44.9654708063884 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Delving Into The Numbers For CalAmp Corp (CAMP) – Sparta Review (spartareview.com)
- CalAmp Corp. (NASDAQ:CAMP) Trading Up – Short Interest Down -7.20% – Highlight Press (highlightpress.com)
- CalAmp : LoJack Announces 2016 Construction Equipment Theft Report (4-traders.com)
- Active Runners in Focus: Embraer SA (ERJ) and CalAmp Corp (CAMP) – Sparta Review (spartareview.com)
- CalAmp Corp (CAMP) Sees The Tape Move Mid-Market – Sheridan Daily (sheridandaily.com)
CAMP has been the subject of several recent research reports. B. Riley restated a “buy” rating and issued a $28.00 price target on shares of CalAmp Corp. in a research report on Saturday, July 1st. Craig Hallum upped their price target on shares of CalAmp Corp. from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th. BidaskClub cut shares of CalAmp Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co initiated coverage on shares of CalAmp Corp. in a research report on Monday. They issued a “neutral” rating and a $20.00 price target for the company. Finally, Northland Securities restated a “buy” rating and issued a $20.00 price target on shares of CalAmp Corp. in a research report on Monday, June 26th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.78.
Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 18.51 on Thursday. The firm’s market capitalization is $655.18 million. CalAmp Corp. has a 52-week low of $12.13 and a 52-week high of $20.89. The stock’s 50 day moving average is $18.91 and its 200 day moving average is $18.00.
CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $88.10 million during the quarter, compared to the consensus estimate of $86.85 million. CalAmp Corp. had a positive return on equity of 18.84% and a negative net margin of 2.05%. CalAmp Corp.’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. On average, equities research analysts forecast that CalAmp Corp. will post $1.17 EPS for the current year.
In other news, CEO Michael J. Burdiek sold 10,000 shares of CalAmp Corp. stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief executive officer now directly owns 479,093 shares in the company, valued at $9,581,860. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.30% of the stock is currently owned by company insiders.
CalAmp Corp. Company Profile
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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