CalAmp Inches Toward Growth on SaaS Strength
CalAmp (NASDAQ: CAMP) released fiscal second-quarter 2020 results on Thursday after the markets closed, detailing positive trends within its telematics systems segment, encouraging contributions from acquired businesses, and the continued outperformance of its burgeoning software and subscription services offerings.
After initially climbing in early after-hours trading in response, however, shares of the machine-to-machine (M2M) communications specialist turned sharply lower as the market absorbed its seemingly conservative forward earnings guidance. Let's dig deeper, then, for a better idea of how CalAmp finished its first half, as well as what investors should be watching in the coming months.
IMAGE SOURCE: GETTY IMAGES.
Source Fool.com
