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) .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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
Zacks Investment Research