Earnings Preview: What to expect from CalAmp Corp. [CAMP] quarterly results? – News Heater
Home  »  Equity Research   »  Earnings Preview: What to expect from CalAmp Corp....

Earnings Preview: What to expect from CalAmp Corp. [CAMP] quarterly results?

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

A tech company, CalAmp Corp (CAMP), published a report last week, which resulted in solid growth in the company’s quotes. The CAMP share sold for $14.12 at auction on April 27. The market value was $ 405.81 million.

Last quarter, revenue grew by 6 % on an annual basis to $81.9 million. In the fiscal year, sales were down by no less than 4 percent (mainly due to the sale of the LoJack antitheft systems business); however, losses also decreased by no less than about half, to $ 0.62 share. During the quarter, free cash flow was $21.6 million.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


CalAmp provides no forecast for the current fiscal year, citing COVID-19. According to Wall Street, profit in fiscal 2022 is expected to grow by 43 %, to $ 0.43 per share, and sales are expected to increase by 8 %, to $332 million. Since sales increased as well during the pandemic, the aforementioned is likely.

Despite transitioning to new, faster standards, CalAmp’s strengths are in the cellular network solutions segment. Increased sales of its SaaS services positively impact the profitability of CalAMP. CalAmp has the potential to boost profitability by offering Telematics and Industrial IoT software. As for the TaaS market, CalAmp has an outstanding position as well. For the entire year, CalAmp’s gross margin is close to 40%, with a quarterly margin of 42 %.

CalAmp Corp. (CAMP) closed at $14.12 last trading session, up 1.44% from the previous trading session. The volume of 0.3 million shares traded is slightly less than the average weekly volume of 0.18 million shares over the last 50 days. Over the last five days, CalAmp Corp. shares have gained 31.35%; however, they have gained 28.48% over the last month. The stock price has added 25.29% over the last three months and has gained 42.34 percent so far this year. Further, its price to sales ratio stands at 1.20, and it has a price to cash flow ratio of 23.59.

Sign up for our FREE Newsletter and get:

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:

Is NewAge Inc. (NBEV) a Keeper?

NewAge Inc. (NASDAQ:NBEV) went down by -2.51% from its latest closing price compared to the recent 1-year high of $4.55. The company’s stock price has

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam