Revenue Update on CalAmp Corp.(NASDAQ:CAMP)

CalAmp Corp.(NASDAQ:CAMP) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jun 28, 2016. Company reported revenue of $91.15M. Analysts estimated a revenue of $80.75M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.21.

In a different note, On May 9, 2016, Sidoti & Co. said it Upgrades its rating on CalAmp Corp.. The shares have been rated ‘Buy’ by the firm. On May 3, 2016, Aegis Capital said it Maintains its rating on CalAmp Corp.. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 20, 2016, William Blair said it Downgrades its rating on CalAmp Corp.. The shares have been rated ‘Market Perform’ by the firm.

CalAmp Corp. (CAMP) shares turned negative on Fridays trading session with the shares closing down -0.27 points or -1.82% at a volume of 3,80,582. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.07. The peak price level was also seen at $15.07 while the days lowest was $14.43. Finally the shares closed at $14.54. The 52-week high of the shares is $21.3499 while the 52-week low is $13.01. According to the latest information available, the market cap of the company is $534 M.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Richard K Vitelle (Executive VP & CFO) sold 500 shares at $15.00 per share price.Also, On Jan 7, 2016, Michael J Burdiek (President & CEO) sold 15,000 shares at $20.00 per share price.On Oct 13, 2015, Garo Sarkis Sarkissian (SVP Business Development) sold 6,243 shares at $20.07 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.

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