Research Analysts’ Recent Ratings Changes for CalAmp Corp. (CAMP)

A number of research firms have changed their ratings and price targets for CalAmp Corp. (NASDAQ: CAMP):

• 7/7/2015 – CalAmp Corp. had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $32.50 price target on the stock.
• 7/5/2015 – CalAmp Corp. had its “buy” rating reaffirmed by analysts at Canaccord Genuity.
• 7/2/2015 – CalAmp Corp. had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $32.50 price target on the stock.
• 7/2/2015 – CalAmp Corp. had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $28.00 price target on the stock.
• 6/27/2015 – CalAmp Corp. had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $32.50 price target on the stock.
• 6/23/2015 – CalAmp Corp. was downgraded by analysts at Zacks from a “buy” rating to a “hold” rating. According to Zacks, “CalAmp Corp. is a leading provider of wireless communications products that enable anytime/anywhere access to critical information, data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production, CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets. CalAmp is the leading supplier of DirectBroadcast Satellite outdoor customer premise equipment to the U.S. satellite television market. The Company also provides wireless data communication solutions for the telemetry and asset tracking markets, private wireless networks, public safety communications and critical infrastructure and process control applications. “
• 6/22/2015 – CalAmp Corp. had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $32.50 price target on the stock.
• 6/17/2015 – CalAmp Corp. was upgraded by analysts at Zacks from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “CalAmp Corp. is a leading provider of wireless communications products that enable anytime/anywhere access to critical information, data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production, CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets. CalAmp is the leading supplier of Direct Broadcast Satellite outdoor customer premise equipment to the U.S. satellite television market. The Company also provides wireless data communication solutions for the telemetry and asset tracking markets, private wireless networks, public safety communications and critical infrastructure and process control applications. “
• 5/20/2015 – CalAmp Corp. had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $26.00 price target on the stock.

CalAmp Corp. (NASDAQ:CAMP) traded down 0.62% on Wednesday, hitting $19.32. 212,417 shares of the company’s stock traded hands. CalAmp Corp. has a 1-year low of $15.32 and a 1-year high of $21.82. The stock’s 50-day moving average is $19.41 and its 200-day moving average is $18.50. The company has a market cap of $694.82 million and a price-to-earnings ratio of 39.43.

CalAmp Corp. (NASDAQ:CAMP) last announced its earnings results on Tuesday, June 30th. The company reported $0.26 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.26. The company had revenue of $65.40 million for the quarter. During the same quarter last year, the company posted $0.19 earnings per share. CalAmp Corp.’s revenue was up 10.8% compared to the same quarter last year. On average, analysts predict that CalAmp Corp. will post $1.12 earnings per share for the current fiscal year.

CalAmp Corp. 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 (NASDAQ:CAMP) market. 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. The Company completed the acquisition of the operations of Wireless Matrix Corporation.

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