Investment analysts at Canaccord Genuity raised their target price on shares of CAlAmp Corp. (NASDAQ:CAMP) from $30.00 to $33.00 in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 28.76% from the company’s current price.
CAlAmp Corp. (NASDAQ:CAMP) opened at 25.63 on Tuesday. CAlAmp Corp. has a 52 week low of $7.65 and a 52 week high of $29.74. The stock has a 50-day moving average of $24.44 and a 200-day moving average of $19.2. The company has a market cap of $912.4 million and a price-to-earnings ratio of 23.06.
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. On average, analysts predict that CAlAmp Corp. will post $0.79 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CAMP. 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. Separately, 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. Finally, analysts at Northland Capital Partners raised their price target on shares of CAlAmp Corp. from $25.00 to $28.00 in a research note to investors on Monday, November 18th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.75.
CalAmp Corp. (NASDAQ:CAMP) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications.