CAlAmp Corp. Reaches New 12-Month High at $30.58 (CAMP)
CAlAmp Corp. (NASDAQ:CAMP) set a new 52-week high during trading hours on Wednesday, American Banking News.com reports. The company traded as high as $30.58 and last traded at $30.48, with a volume of 972,223 shares. The stock had previously closed at $29.24.
A number of analysts have recently weighed in on CAMP shares. Analysts at Canaccord Genuity raised their price target on shares of CAlAmp Corp. from $30.00 to $33.00 in a research note to investors on Tuesday, December 24th. They now have a “buy” rating on the stock. Separately, analysts at First Analysis downgraded shares of CAlAmp Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, December 24th. Finally, analysts at Northland Securities reiterated an “outperform” rating on shares of CAlAmp Corp. in a research note to investors on Monday, November 18th. They now have a $28.00 price target on the stock, up previously from $25.00. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. CAlAmp Corp. presently has an average rating of “Buy” and a consensus target price of $25.75.
In other CAlAmp Corp. news, CFO Richard K. Vitelle sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $27.48, for a total value of $274,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
CAlAmp Corp. has a 1-year low of $7.97 and a 1-year high of $29.74. The stock has a 50-day moving average of $25.43 and a 200-day moving average of $20.18. The company has a market cap of $1.071 billion and a price-to-earnings ratio of 24.47.
CAlAmp Corp. (NASDAQ:CAMP) last released its earnings data on Monday, December 23rd. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02. The company had revenue of $63.50 million for the quarter, compared to the consensus estimate of $61.22 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 43.3% on a year-over-year basis. Analysts expect that CAlAmp Corp. will post $0.79 EPS for the current fiscal year.
CalAmp Corp. (NASDAQ:CAMP) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications.
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