Boston, MA 03/06/2014 (wallstreetpr) – CalAmp Corp (NASDAQ:CAMP) stock has received a unanimous rating of a “Buy” by a majority of research firms in Wall Street on research notes to investors. The company’s stock continues to show substantial strength with strong revenue growth patterns over the past quarter as well as impressive earnings per share. CalAmp Corp currently commands good cash flows with impressive net income growth metrics. Gross margins have also improved compared to the same quarter a year ago.
Seven equities research analysts have weighed into the company’s performance in the recent past and given it a rating of a “Buy” while two other give it a rating of a “Hold”. The average price target among the brokerage firms currently stands at $29.21. Analysts at Sidoti on a research note investors on February 19 reiterated a strong buy rating on the company’s stock. Analysts at Midtown partners also have a strong buy rating on CalAmp Corp stock with a high price target of $35
CalAmp Corp launches a new Mobile Data terminal for cars
CalAmp Corp (NASDAQ:CAMP) which is a leading provider of wireless products and solutions has launched a new MDT-7(TM) mobile data terminal that will run on Android operating system with a 7 inch high resolution display. The MDT-7 will serve as an interface when integrated in mobile communications system where users will be able to develop their own Android based apps.
The innovative MDT-7 is expected to be launched into the market in March and will feature a multipoint touch screen display as well as a ruggedized shock absorbing case. The new innovative technology will be essential in increasing vehicles wireless communication offerings. Users with the new technology will be able to change their vehicles into mobile and communication centers by only using Bluetooth connection.
CalAmp Corp (NASDAQ:CAMP) was up in Wednesday trading session by highs of1.44% to close the day at high margins of $34.41.
