CalAmp Corp. (NASDAQ:CAMP), a leading provider of wireless products, services and solutions, has appointed John Warwick to the position of Senior Vice President of Operations, with responsibility for supply chain management, supply planning, manufacturing, distribution and quality. Warwick will report directly to CalAmp’s President and CEO, Michael Burdiek.
“John is an experienced leader in optimizing global business operations. His experience includes forging and negotiating business relationships, developing high-performing teams and institutionalizing operational excellence. We believe John’s expertise will help drive the transformation of CalAmp’s operational strategy, resulting in a positive impact on customer satisfaction and bottom-line results,” said Burdiek.
Warwick brings an extensive background in operations and supply chain management to CalAmp as a result of his tenure with a number of high technology companies, spanning industries such as data storage, personal computing and M2M device manufacturing. Most recently, Warwick held the position of Senior Vice President and Chief Operating Officer at Maxwell Technologies, Inc., a manufacturer of energy storage products for the transportation, energy and electronics industries. Previous positions include general management and operations positions at Emulex Corporation, Lantronix Inc. and Western Digital Corporation. Warwick holds a master’s degree in Business Administration from the University of California at Los Angeles and a bachelor’s degree in Electrical Engineering from North Carolina State University. He also obtained a certification in production and inventory management from APICS, the premier professional association for supply chain and operations management.
“CalAmp is a leader in the wireless communications space. I’m looking forward to working with CalAmp’steam to help the company achieve the next level of growth by developing and executing a strategy to optimize global business operations and support revenue growth across CalAmp’s vertical markets,” commented Warwick. (Original Source)
Shares of Calamp closed yesterday at $19.14. CAMP has a 1-year high of $21.82 and a 1-year low of $14.01. The stock’s 50-day moving average is $18.29 and its 200-day moving average is $18.33.
On the ratings front, Calamp has been the subject of a number of recent research reports. In a report issued on October 1, Canaccord Genuity analyst Michael Walkley maintained a Buy rating on CAMP, with a price target of $26, which represents a potential upside of 35.8% from where the stock is currently trading. Separately, on September 25, Northland Securities’ Michael Latimore maintained a Buy rating on the stock and has a price target of $28.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Walkley and Michael Latimore have a total average return of 18.1% and -4.7% respectively. Walkley has a success rate of 64.3% and is ranked #7 out of 3816 analysts, while Latimore has a success rate of 45.4% and is ranked #3562.
CalAmp Corp provides wireless communications solutions applications to customers. Its business activities are organized into its Wireless DataCom and Satellite business segments.