CalAmp gains on bullish William Blair launch

William Blair has started coverage on CalAmp (CAMP +2.9%) with an Outperform. It expects the company to benefit from machine-to-machine (M2M) and mobile resource management market growth.

The launch comes two weeks after shares dove due to light FQ2 guidance and an outlook for soft FY15 satellite revenue.

9% of the float was shorted as of June 30.

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