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Why CalAmp Stock Is Up 31% in 2017

TheMotleyFool

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Why CalAmp Stock Is Up 31% in 2017Photo, wide shot, wide-angle lens, Mobile phone network, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/828b91fb-678a-4621-906b-21e972059e7d.png

CalAmp's (NASDAQ: CAMP) share price has jumped 31% so far this year, according to data provided by S&P Global Market Intelligence, thanks to the company proving over the past two quarters that it can grow its core business.

CalAmp delivered a strong fiscal fourth-quarter in mid-April, with revenue increasing 22% year over year. Investors boosted the company's share price by about 14% following the news.

Image source: CalAmp.

Source: Fool.com