CalAmp (NASDAQ:CAMP), a leading provider of wireless products, services and solutions, announced the launch of its new LMU-200™, an easy-to-install, tamper-resistant vehicle tracking device that comes in a small form factor and is ideal for vehicle finance, auto rental, stolen vehicle recovery and other track and trace applications. The LMU-200 is CDMA 1x capable and broadly certified with Tier 1 U.S. mobile network operators.
"The LMU-200 is designed with next-generation technology that enables CalAmp to offer an exceptionally high-value product which lowers the total cost of deploying CDMA-based vehicle track and trace applications," said Greg Gower, General Manager and Senior Vice President of CalAmp's MRM business. "Its extensive features and high quality design provide our customers a competitive edge."
The LMU-200 features high sensitivity GPS, remote starter disable and built-in antennas that lower overall deployment cost and enable easy, concealed installation. It leverages CalAmp's onboard PEG™ embedded software, which continuously monitors a vehicle's environment and responds instantly to pre-defined and configurable threshold conditions such as time, date, motion, location, geo-zone and other parameters. It also incorporates CalAmp's industry-leading PULS™ over-the-air device management and maintenance software to comprehensively monitor units in the field.
Optional features include a backup battery with extensive power management capabilities not typically available in entry level track and trace devices. In addition, CalAmp's patent-pending triple-axis accelerometer enables detection of motion, impact events and even vehicle tilting, such as when it is being towed. The LMU-200 is compatible with both 12V and 24V power systems, making it suitable for a broad array of passenger vehicles as well as light and heavy duty trucks. (Original Source)
Shares of Calamp closed yesterday at $16.37. CAMP has a 1-year high of $28.72 and a 1-year low of $14.74. The stock's 50-day moving average is $18.20 and it's 200-day moving average is $18.29.
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 represents a potential upside of 52.7% from where the stock is currently trading. 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 7.1% and 24.9% respectively. Rindos has a success rate of 33.3% and is ranked #2320 out of 3560 analysts, while Walkley has a success rate of 70.1% and is ranked #6.
CalAmp Corp provides wireless communications solutions applications to customers. Its business activities are organized into its Wireless DataCom and Satellite business segments.