What CalAmp's Management Doesn't Want Shareholders to Focus On
CalAmp's (NASDAQ: CAMP) stock is flying high right now -- up more than 30% so far this year -- and last month it released its first-quarter 2018 earnings report, with revenue and earnings per share coming in at the high end of the company's guidance. The machine-to-machine communications company makes equipment that helps track industrial equipment for companies, as well as fleets of vehicles, and owns the LoJack brand of vehicle recovery systems, and right now there's a lot of expectation that CalAmp can win a large portion of these markets.
There's a lot of investor optimism right now there, but there are two things that investors might worry about but management wants them to ignore. The first is a patent lawsuit CalAmp is involved in, which cost the company $6.1 million in the first quarter and severely brought down the company's earnings. The second is the remote possibility that the government could pass legislation that would delay a trucking mandate that's expected to be a boon to CalAmp's business.
Image source: Getty Images.
Source: Fool.com
Calamp Corp. Stock
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.
