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CalAmp Corp. (CAMP) provides wireless communications solutions for various applications worldwide.
It operates in two segments, Wireless DataCom and Satellite.
The Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, machine-to-machine (M2M) communications space, and other emerging markets that require connectivity anytime and anywhere. Its M2M and MRM solutions enable customers in energy, government, transportation, and automotive markets to optimize their operations by collecting, monitoring, and reporting business-critical data and required intelligence from remote and mobile assets. This segment offers a portfolio of wireless communications products, such as asset tracking devices, targeted telematics platforms, fixed and mobile wireless gateways, and multi-mode wireless routers; and cloud-based telematics platform-as-a-service and targeted software-as-a-service applications that facilitate the integration of the companys and third party applications through application protocol interfaces. This segment sells its products and services through direct and indirect sales channels in the United States, as well as through sales personnel in Latin America, the Middle East, and Europe.
The Satellite segment develops, manufactures, and sells direct-broadcast satellite outdoor customer premise equipment and whole home video networking devices for digital and high definition satellite television services.
Shares have formed a bullish "flag" following the company's recent quarterly results. The company officials raised both ends of its full-year sales forecast to $281 million to $289 million from $280 million to $288 million.
52-Weeks Trading Range: $14.01 - $21.82
Entry Point: $19.36
Stop Loss: $18.35
Target Price: $21.30
CAMP closed at $20.86
