CalAmp Corp. (NASDAQ:CAMP), a leading provider of wireless products, services and solutions, introduced the LMU-4230™, a next-generation location and messaging unit designed to support enterprise customers with diverse fleets. The new LMU-4230 includes a range of wireless and peripheral connectivity options and is equipped with CalAmp’s next generation vehicle interface technologies for both light and heavy duty vehicle telematics including hybrids, trucks and vans.
“The LMU-4230 is a full-featured enterprise-grade telematics gateway that debuts CalAmp’s innovative new light and heavy-duty vehicle solutions,” said Greg Gower, General Manager and Senior Vice President ofCalAmp’s MRM business. “We believe this device will be a game-changer. With broad, tightly integrated vehicle bus protocol support and a proven feature set drawn from earlier generation products, it brings tremendous value to our partners and customers across a wide range of industries and applications. It will enable vehicle data to emerge as a mainstream fleet management feature.”
In addition to CalAmp’s vehicle interface technologies, the LMU-4230 offers a full set of configurable fleet features and extensive connectivity options such as cellular, Wi-Fi, Bluetooth and satellite. CalAmp’s patented triple-axis accelerometer technology enables the LMU-4230 to reliably detect and report hard braking, aggressive acceleration and vehicle impact events. It employs CalAmp’s industry-leading embedded alert engine PEG™, which continuously monitors the operating environment and responds instantly to pre-defined and configurable threshold conditions such as time, date, motion, location, geo-zone crossings and many other parameters. In addition, it leverages CalAmp’s PULS™ software platform, which is the industry benchmark solution for comprehensive, full lifecycle over-the-air device management and maintenance.
The LMU-4230 is currently shipping in North America and will be available later this year in Europe, Australiaand Brazil. (Original Source)
Shares of Calamp closed yesterday at $16.22. 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 $16.60 and its 200-day moving average is $18.21.
On the ratings front, Calamp has been the subject of a number of recent research reports. In a report issued on August 13, Canaccord Genuity analyst Michael Walkley maintained a Buy rating on CAMP, with a price target of $26, which implies an upside of 60.3% from current levels. Separately, on July 1, 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 17.7% and -5.4% respectively. Walkley has a success rate of 59.2% and is ranked #18 out of 3752 analysts, while Latimore has a success rate of 41.7% and is ranked #3545.
CalAmp Corp provides wireless communications solutions applications to customers. Its business activities are organized into its Wireless DataCom and Satellite business segments.