Here's Why the Best Is Yet to Come for CalAmp Corp.
By most metrics, Internet of Things (IoT) provider CalAmp (NASDAQ: CAMP) appears woefully overvalued. So why is CalAmp's stock continually bumping against its 52-week high of $24.68 a share? The good news for investors in search of a pure growth alternative is that there are multiple reasons CalAmp stock has not only skyrocketed 55% in 2017 but still has room to grow.
For those not familiar with CalAmp, its suite of offerings include both stationary and mobile telematics -- or long-distance IoT network connectivity and data analysis -- along with cloud Software-as-a-Service (SaaS) solutions. CalAmp's primary markets include connected cars and industrial IoT.
Image source: Getty Images.
Source: Fool.com
Calamp Corp. Stock
€0.13
2.130%
The community is currently still undecided about Calamp Corp. with 2 Buy predictions and 0 Sell predictions.
Based on the current price of 0.13 € the target price of 5 € shows a potential of 3775.97% for Calamp Corp. which would more than double the current price.
