Analysts at Northland Capital Partners boosted their price objective on shares of CAlAmp Corp. (NASDAQ:CAMP) from $25.00 to $28.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price target would suggest a potential upside of 13.68% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR & Co. initiated coverage on shares of CAlAmp Corp. in a research note to investors on Wednesday, October 16th. They set an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of CAlAmp Corp. in a research note to investors on Wednesday, October 16th. They set an “outperform” rating and a $29.00 price target on the stock. Finally, analysts at Northland Securities raised their price target on shares of CAlAmp Corp. from $19.00 to $25.00 in a research note to investors on Thursday, October 3rd. Seven investment analysts have rated the stock with a buy rating, CAlAmp Corp. presently has a consensus rating of “Buy” and an average target price of $24.75.
Shares of CAlAmp Corp. (NASDAQ:CAMP) opened at 24.63 on Monday. CAlAmp Corp. has a 52-week low of $7.65 and a 52-week high of $26.14. The stock’s 50-day moving average is $23.21 and its 200-day moving average is $16.89. The company has a market cap of $857.3 million and a P/E ratio of 19.72.
CAlAmp Corp. (NASDAQ:CAMP) last announced its earnings results on Wednesday, October 2nd. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.03. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $54.80 million. During the same quarter last year, the company posted $0.17 earnings per share. CAlAmp Corp.’s revenue was up 33.6% compared to the same quarter last year. On average, analysts predict that CAlAmp Corp. will post $0.80 earnings per share 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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