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CalAmp (CAMP) Crumbles: Stock Tumbles by 13%

Zacks Equity Research

CalAmp Corp. (CAMP) saw a big move last session, as the company’s shares fell more than 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CAMP, as the stock is now up more than 5% in the past one-month time frame.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CAMP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the technology sector include TE Connectivity Ltd. (TEL), KEMET Corp. (KEM) and AAC Technologies Holdings Inc. (AACAY). All these holds a Zacks Rank #2 ( Buy)  .

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CALAMP CP (CAMP): Free Stock Analysis Report

TE CONNECTIVITY LTD (TEL): Free Stock Analysis Report

KEMET CORP (KEM): Free Stock Analysis Report

AAC TEC HOLDINGS ADR (AACAY): Free Stock Analysis Report

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