Why CalAmp Corp. Stock Jumped 25.4% in September
Shares of CalAmp Corp. (NASDAQ: CAMP) rose 25.4% in September, according to data from S&P Global Market Intelligence, after the machine-to-machine communications specialist announced strong quarterly results.
More specifically, after driving modestly higher through the first few weeks of last month, CalAmp shares skyrocketed after the company confirmed that revenue in its most recent quarter declined 0.8% year over year to $89.8 million, while adjusted earnings per share remained flat at $0.27.
Of course, those results don't sound great at first glance. But keep in mind CalAmp's results in the same year-ago period included $6.7 million in sales from its now-shuttered Satellite segment. In addition, both revenue and earnings were slightly above the midpoints of CalAmp's respective financial guidance ranges.
Source: Fool.com
Calamp Corp. Stock
Our community is currently low on Calamp Corp. with 2 Buy predictions and 5 Sell predictions.
However, we have a potential of 3775.97% for Calamp Corp. as the target price of 5 € is above the current price of 0.13 €.
