In a report released today, George Notter from Jefferies downgraded Calamp (CAMP – Research Report) to a Hold, with a price target of $2.00. The company’s shares closed last Friday at $1.71.
Notter covers the Technology sector, focusing on stocks such as Adtran, Calamp, and Calix. According to TipRanks, Notter has an average return of 11.8% and a 61.80% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Calamp with a $2.00 average price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $6.42 and a one-year low of $1.61. Currently, Calamp has an average volume of 183.3K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CalAmp Corp. is a provider of Internet of Things (IoT) enablement solutions for a broad array of mobile and fixed applications serving multiple vertical markets worldwide. It offer solutions for mobile resource management and applications for the broader IoT market, enabling customers to optimize their operations by collecting, monitoring and efficiently reporting business-critical data and desired intelligence from high-value remote and often mobile assets. The company segments include Telematics System and Software and Subscription Services. CalAmp was founded in 1981 and is headquartered in Irvine, CA.
Read More on CAMP:
