Friday, July 23, 2021

CalAmp (CAMP) Stock Is Losing For Now But It Has Ample Opportunities In The Current Automotive Industry

CalAmp Corp. (CAMP) will be the cornerstone of the Coastr digital car rental service, which aims to begin a new age in the car rental industry.


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 has collaborated with Coastr, which aims to make the same revolutionary change in the market for car rental that Uber has introduced in the taxi market. For corporate clients as well as ordinary customers, Coastr is building a contactless, easy-to-use car rental ecosystem. The CalAmp Telematics Cloud (CTC) framework, which uses artificial intelligence elements and interconnected smart devices with algorithm sets, can be an important part of this sector.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


With the assistance of CTC, a perfect rental service management system is expected to be built to provide real-time data collection on malfunctions, emergencies, transport locations, and billing information. All of this will be part of the new Coastr Fleet Insurance Scheme, which is expected to greatly boost the commercial performance of the operation.

There is an opportunity for CalAmp’s growth in the area of Industrial Internet of Things (IIoT). The business is still a small-cap player, but a good indicator for long-term investors is the deal with Coastr. The automation system for the CalAmp Telematics Cloud could be a valuable asset for the company.

The stock price of CalAMp gradually grew (nearly 8 percent) after that collaboration, but at the end of last week on Friday, reviewed recommendation by Wall Street analysts brought that surge downtrend. On Friday, December 18, JP Morgan downgraded its recommendation for the stock from “Neutral” to “Underweight”, but raised the price target to $11 from $10. After that the company came losing nearly 15 percent in last two sessions.

Also in the last week on Thursday, with quarterly earnings of $0.07 per share, CalAmp came out, beating the consensus estimate of analysts of $0.03 per share. That compared with an EPS of $0.15 per share in the year ago quarter.

CalAmp Corp. (CAMP) stock fell 4.95% on Monday to end the session at $9.21.

Latest news

Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased...

What Helped MannKind Corporation (MNKD) Stock Jump 11.6 Percent?

During the trading session on 28 June,2021 MannKind Corporation (NASDAQ: MNKD) advanced 11.60 percent to $5.31.This hike occurred as a result of recent efforts...

Identifying Value and Future Vision in Chewy Inc. (CHWY) Stock

Chewy Inc. (NYSE: CHWY), an online pet product retailer, recently introduced a new service, Connect With a Vet, featuring remote consultations with veterinarians. The...

Technical Outlook And Game Plan For Twilio Inc. (NYSE: TWLO)

Twilio Inc. (TWLO), which provides cloud-based tools to organize communication infrastructure, is one of the most visible beneficiaries of digital transformation in business. With...

Related news

Novanta Inc. (NOVT) Acquires Schneider Electric Motion USA (SEM) For $115M Cash

Novanta Inc. (NASDAQ: NOVT) has acquired Schneider Electric Motion USA (SEM), a company that could contribute to its industrial automation development. Novanta Inc. (NOVT) purchased...

What Helped MannKind Corporation (MNKD) Stock Jump 11.6 Percent?

During the trading session on 28 June,2021 MannKind Corporation (NASDAQ: MNKD) advanced 11.60 percent to $5.31.This hike occurred as a result of recent efforts...

Identifying Value and Future Vision in Chewy Inc. (CHWY) Stock

Chewy Inc. (NYSE: CHWY), an online pet product retailer, recently introduced a new service, Connect With a Vet, featuring remote consultations with veterinarians. The...

Technical Outlook And Game Plan For Twilio Inc. (NYSE: TWLO)

Twilio Inc. (TWLO), which provides cloud-based tools to organize communication infrastructure, is one of the most visible beneficiaries of digital transformation in business. With...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam