Calamp (CAMP) Receives a Buy from B.Riley FBR
In a report released today, Josh Nichols from B.Riley FBR reiterated a Buy rating on Calamp (CAMP). The company’s shares opened today at $14.56.
According to TipRanks.com, Nichols is a 4-star analyst with an average return of 15.1% and a 46.4% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Pointer Telocation Ltd, and Immersion Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Calamp with a $19.20 average price target.
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Calamp’s market cap is currently $496.1M and has a P/E ratio of 239.74. The company has a Price to Book ratio of 2.46.
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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 portfolio of software applications, scalable cloud service-enablement platforms, and intelligent communications device platforms streamline otherwise complex IoT deployments. It offers scalable, cloud-based telematics Software-as-a-Service and Platform-as-a-Service applications. The company was founded in 1981 and is headquartered in Irvine, CA.