In today’s session CalAmp Corp. (CAMP) registered an unusually high (100) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CAMP increase. With 100 contracts traded and 12534 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CAMP161216C00015000 closed last at: $1 or 25% up. About 34,650 shares traded hands. CalAmp Corp. (NASDAQ:CAMP) has declined 1.58% since April 26, 2016 and is downtrending. It has underperformed by 6.84% the S&P500.
Analysts await CalAmp Corp. (NASDAQ:CAMP) to report earnings on December, 27. They expect $0.21 earnings per share, down 25.00% or $0.07 from last year’s $0.28 per share. CAMP’s profit will be $7.30 million for 17.86 P/E if the $0.21 EPS becomes a reality. After $0.24 actual earnings per share reported by CalAmp Corp. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.
CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage
Out of 9 analysts covering CalAmp (NASDAQ:CAMP), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. CalAmp has been the topic of 11 analyst reports since December 7, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Macquarie Research on Monday, October 31. On Monday, August 15 the stock rating was maintained by First Analysis with “Overweight”. The firm has “Outperform” rating by Northland Capital given on Tuesday, March 22. Chardan Capital Markets initiated the shares of CAMP in a report on Monday, December 7 with “Buy” rating. The stock has “Hold” rating given by Aegis Capital on Monday, October 3. The company was downgraded on Friday, September 30 by First Analysis. William Blair downgraded CalAmp Corp. (NASDAQ:CAMP) on Wednesday, April 20 to “Market Perform” rating. The stock of CalAmp Corp. (NASDAQ:CAMP) has “Buy” rating given on Monday, May 9 by Sidoti. The company was maintained on Wednesday, December 23 by Canaccord Genuity. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Neutral” rating by Sidoti on Tuesday, March 22.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.09, from 1 in 2016Q1. The ratio is positive, as 23 funds sold all CalAmp Corp. shares owned while 46 reduced positions. 21 funds bought stakes while 48 increased positions. They now own 22.80 million shares or 12.80% less from 26.15 million shares in 2016Q1.
Tower Research Capital Limited Liability Corp (Trc) reported 1,353 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 1,226 shares. Geode Capital Mngmt Limited accumulated 0% or 269,001 shares. Capstone Asset Mgmt last reported 10,340 shares in the company. Goldman Sachs holds 0% or 11,138 shares in its portfolio. Tributary Management Limited Liability Company reported 334,390 shares or 0.72% of all its holdings. Millennium Management Limited Liability Corp holds 0.01% or 222,707 shares in its portfolio. Parametric Associate Limited Liability holds 0.01% or 428,922 shares in its portfolio. Eagle Boston Inv Management has invested 0.49% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Cubist Systematic Strategies Ltd Liability Corp holds 0.01% or 16,260 shares in its portfolio. Ftb Advsr Incorporated owns 1,132 shares or 0% of their US portfolio. Bragg Advsrs holds 112,190 shares or 0.3% of its portfolio. Princeton Alpha Mngmt Limited Partnership, a New Jersey-based fund reported 11,162 shares. The Illinois-based Envestnet Asset Mngmt has invested 0% in CalAmp Corp. (NASDAQ:CAMP). Ls Advsrs Limited Liability Corporation, a Michigan-based fund reported 1,203 shares.
Insider Transactions: Since July 1, 2016, the stock had 1 insider purchase, and 5 insider sales for $913,945 net activity. On Friday, November 18 VITELLE RICHARD K sold $411,080 worth of the stock or 27,360 shares. 2,992 shares with value of $45,179 were sold by Sarkissian Garo Sarkis on Monday, November 21. Another trade for 1,000 shares valued at $14,110 was bought by GARDNER JEFFERY R.
CalAmp Corp. is a provider of wireless communications solutions for a range of applications to clients globally. The company has a market cap of $521.28 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It has a 77.57 P/E ratio. 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.
CAMP Company Profile
CalAmp Corp. (CalAmp), incorporated on September 8, 1987, is a well-known provider of wireless communications solutions for a range of applications to clients globally. The Firm operates through two business divisions: Wireless DataCom and Satellite. The Firm has facilities in various locations, including Carlsbad, California; Torrance, California; Herndon, Virginia; Waseca, Minnesota; Eden Prairie, Minnesota, and Auckland, New Zealand.
More important recent CalAmp Corp. (NASDAQ:CAMP) news were published by: Fool.com which released: “Why CalAmp Corp. Stock Plunged 16.5% in April” on May 12, 2016, also Fool.com published article titled: “CalAmp Corp. Keeps Moving Forward”, Fool.com published: “CalAmp Corp. Loses Its (Satellite) Signal” on April 20, 2016. More interesting news about CalAmp Corp. (NASDAQ:CAMP) was released by: Prnewswire.com and their article: “Frost & Sullivan Announces CalAmp as Recipient of 2016 Product Line Leadership …” with publication date: November 29, 2016.
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