CalAmp Corp. (NASDAQ:CAMP), a leading provider of wireless products, services and solutions, announced that the Vanguard™ 5530 multi-band router, the newest addition to the Vanguard series, now offers an extended set of LTE frequency bands making it compatible with cellular wireless networks worldwide, including the Verizon XLTE network. The general-purpose, feature-rich cellular router combines best-in-class speed and low latency in a ruggedized industrial-grade design with optional Wi-Fi and high-precision GPS, making it ideal for a broad array of mobile and fixed applications across a variety of markets. It is designed to meet industry standards including UL Class 1, Division 2 and MIL-STD-810G, enabling wireless connectivity in the most challenging environmental conditions.
“This is a full-featured router that supports a variety of applications in the industrial, energy, transportation and government markets as well as more horizontal enterprise data sectors,” said Mike Zachan, Senior Vice President and General Manager of CalAmp’s Wireless Networks business. “With enhanced Wi-Fi performance and the flexibility to be an access point or a client, coupled with extensive standard physical interfaces, Vanguard enables tremendous flexibility. It is an easy to provision, reliable and secure solution for many mission-critical communications applications.”
Vanguard integrates seamlessly with DeviceOutlook™, CalAmp’s proven cloud-based enterprise-grade remote management and control application, as a complete solution for managing large-scale router deployments. The best-in-class LTE broadband speed is coupled with 802.11n, dual Ethernet ports, serial interfaces and extensive I/Os to connect to a broad set of fixed and mobile assets, while 3G fallback provides ubiquitous network connectivity for reliable service. Vanguard is enabled with the latest security features including IPSEC, GRE Tunneling, PPTP, VPN and RADIUS authentication, delivering simultaneous support for data and video applications with robust, secure communications. In addition, the new Vanguard device continues to support customized applications on CalAmp’s embedded Linux-based Open Developer Platform for the utmost versatility and expandability. (Original Source)
Shares of Calamp closed yesterday at $16.85 . CAMP has a 1-year high of $26.15 and a 1-year low of $14.74. The stock’s 50-day moving average is $17.97 and it’s 200-day moving average is $18.19.
On the ratings front, Calamp has been the subject of a number of recent research reports. In a report issued on March 17, Aegis Capital Corp. analyst Michael Rindos initiated coverage with a Buy rating on CAMP and a price target of $25, which implies an upside of 48.4% from current levels. Separately, on March 9, Canaccord Genuity’s Michael Walkley maintained a Buy rating on the stock and has a price target of $26.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Rindos and Michael Walkley have a total average return of 3.7% and 24.4% respectively. Rindos has a success rate of 25.0% and is ranked #2355 out of 3569 analysts, while Walkley has a success rate of 69.7% and is ranked #4.
CalAmp Corp provides wireless communications solutions applications to customers. Its business activities are organized into its Wireless DataCom and Satellite business segments.