Roth Capital Sticks to Their Buy Rating for Calamp

Roth Capital analyst Scott Searle reiterated a Buy rating on Calamp (NASDAQ: CAMP) on May 18 and set a price target of $28. The company’s shares closed on Friday at $21.15.

According to TipRanks.com, Searle is a 3-star analyst with an average return of 8.8% and a 45.0% success rate. Searle covers the Consumer Goods sector, focusing on stocks such as Sierra Wireless Inc, Semtech, and Fitbit.

Calamp has an analyst consensus of Moderate Buy, with a price target consensus of $26.

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Calamp’s market cap is currently $755.4M and has a P/E ratio of 45.98. The company has a Price to Book ratio of 3.80.

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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.