CalAmp Corp. (CAMP) - NASDAQ
  • Tue, Jun. 28, 4:03 PM
    • CalAmp (NASDAQ:CAMP): FQ1 EPS of $0.30 beats by $0.09.
    • Revenue of $91.1M (+41.4% Y/Y) beats by $10.35M.
    • Shares +2.34%.
    • Press Release
    | Tue, Jun. 28, 4:03 PM | 1 Comment
  • Wed, Apr. 20, 12:45 PM
    | Wed, Apr. 20, 12:45 PM | 5 Comments
  • Wed, Apr. 20, 9:15 AM
    | Wed, Apr. 20, 9:15 AM | 8 Comments
  • Tue, Apr. 19, 5:39 PM
    • Top gainers, as of 5.25 p.m.: VMW +7.8%. MANH +7.5%. DFS +4.1%. KKD +3.7%. IBKR +2.8%.
    • Top losers, as of 5.25p.m.: CAMP -8.0%. CC -2.4%. INTC -2.5%. AGCO -2.3%. ZG -2.2%.
    | Tue, Apr. 19, 5:39 PM | 3 Comments
  • Tue, Apr. 19, 4:58 PM
    • CalAmp (NASDAQ:CAMP) has cratered, losing 10.3% in the late session, after its fiscal Q4 revenues missed expectations and EPS arrived in line.
    • EBITDA of $13.7M rose 11% Y/Y and beat an expected $13.3M.
    • Revenue by segment: Wireless Datacom, $58.9M (down 2.6%); Satellite, $11.91M (up 36.8%).
    • For fiscal Q1, the company's guiding to consolidate revenue (excluding Satellite, which it expects to treat as discontinued) of $77M-$85M, and revenue from "our key heavy equipment OEM customer" to fall to a more normalized $7M-$8M, along with a sequential drop of about $2M from the company's Solar OEM customer.
    • Wireless Datacom revenue is expected to be substantially higher; adjusted basis net income from continuing operations is seen at $0.18-$0.24 a share (vs. $0.26 consensus) and EBITDA of $10M-$13M, in line.
    • Conference call link
    • Press Release
    • Now read CalAmp Cruising Through The $20 Level, And It's Definitely Deserved »
    | Tue, Apr. 19, 4:58 PM
  • Tue, Mar. 22, 12:41 PM
    | Tue, Mar. 22, 12:41 PM | 2 Comments
  • Mon, Mar. 21, 5:40 PM
    | Mon, Mar. 21, 5:40 PM
  • Mon, Mar. 21, 4:39 PM
    • CalAmp's (NASDAQ:CAMP) $134M ($6.45/share) purchase of well-known vehicle-tracking equipment and service provider LoJack (NASDAQ:LOJN) is now official. The company indicated last week a deal was close, following a successful tender offer.
    • CalAmp also says it now expects to report FQ4 (February quarter) revenue of $71M, below prior guidance of $73M-$78M and a $75.9M consensus. EPS guidance is now at $0.32, at the high end of a prior $0.28-$0.32 range and a $0.30 consensus.
    • CEO Michael Burdiek: "[FQ4] revenue was lower than expected, primarily due to MRM product supply constraints and the slow responsiveness of a supply chain partner following the Chinese New Year. This situation was exacerbated by irregular order flow for MRM products following the year-end holidays. These factors prevented us from fulfilling approximately $3.5 million in product orders in the quarter. We expect to fulfill the majority of this past due backlog in [FQ1]."
    • Preliminary FQ1 guidance is for revenue of $86M-$94M. That's officially above a $75M consensus, but includes ten weeks of LoJack sales. Satellite revenue is expected to drop by $3M Q/Q; datacom revenue from a key heavy equipment OEM client (Caterpillar) "is expected to settle into a normalized quarterly run rate in the range of between $7 to $8 million, down somewhat from an exceptionally strong [FQ4]."
    • CalAmp is down 6.3% after hours to $18.01. FQ4 results are expected on April 19.
    | Mon, Mar. 21, 4:39 PM | 1 Comment
  • Mon, Feb. 1, 4:05 PM
    • CalAmp (NASDAQ:CAMP) is acquiring LoJack (NASDAQ:LOJN) for $0.95/share more than what it originally offered to acquire the company for in December.
    • The all-cash deal is expected to close in CalAmp's FQ1 (ends in May). With LoJack's help, CalAmp forecasts FY17 (ends Feb. '17) revenue of more than $400M. LoJack is expected to contribute $0.15-$0.25 to FY17 EPS.
    • CalAmp: "By combining with LoJack, we expect to enhance our ability to deliver novel connected vehicle telematics technologies and applications to our global customers. Moreover, we believe that LoJack's considerable relationships, particularly in the U.S. auto dealer channel, as well as in the commercial space with heavy equipment providers and their international licensee footprint, will create new opportunities for growth and strengthen our competitive position."
    • Update (4:49PM ET): The post has been updated to provide more details about the acquisition. LoJack is up 18.3% after hours to $6.34 ($0.11 below CalAmp's buyout price).
    | Mon, Feb. 1, 4:05 PM
  • Dec. 23, 2015, 6:17 PM
    • Down in after hours trading yesterday after beating FQ3 estimates and offering subdued FQ4 guidane, CalAmp (NASDAQ:CAMP) rallied above $20 today, and closed within a dollar of a 52-week high of $21.82. Shares are officially down 4.1% after hours today, but with no news having arrived, the decline might be due to an aberrant trade or quote.
    • Canaccord's Mike Walkley hiked his target for the telematics and fleet-management hardware, software, and services provider by $1 to $27 today, while reiterating a Buy. Walkley: "We believe CalAmp’s Wireless DataCom business is well positioned to drive strong F2016 and F2017 sales and earnings growth driven by ramping sales to Caterpillar, growing insurance telematics sales, ramping international sales, a growing product portfolio, an increasing list of new customer opportunities, and anticipated steady growth of higher-margin recurring revenue sales."
    • He adds CalAmp's proposed acquisition of LoJack (still being weighed by LoJack) "would be immediately accretive to margins and adjusted EBITDA and offer additional synergies with CalAmp’s OB2, SmartDriverClub, and Crashboxx telematics solutions and initiatives."
    • On the earnings call (transcript) CEO Michael Buridek stated CalAmp's telematics shipments to Caterpillar were sharply higher Q/Q and Y/Y in FQ3, and are expected to remain strong in FQ4 and FY17. He added SaaS revenue rose 11% Y/Y, and that software subscriptions grew by 3K Q/Q to 490K.
    • Buridek on the LoJack (NASDAQ:LOJN) offer: "We believe the combination of LoJack’s world renowned brand and strong auto dealership distribution channel, coupled with CalAmp’s leading portfolio of wireless connectivity devices, software, services, and applications would create a market leader that is well-positioned to drive the broad adoption of vehicle telematics technologies and applications worldwide ... We are committed to completing this transaction." LoJack rose 2.5% today to $5.32, leaving it $0.18 below CalAmp's offer price.
    • CalAmp's earnings/guidance, details
    | Dec. 23, 2015, 6:17 PM
  • Dec. 23, 2015, 5:44 PM
    | Dec. 23, 2015, 5:44 PM | 32 Comments
  • Dec. 22, 2015, 6:48 PM
    • With shares having risen 25% since the company posted an FQ2 beat in early October, CalAmp (NASDAQ:CAMP) is seeing profit-taking after beating FQ3 estimates and issuing FQ4 guidance that's slightly below consensus at the midpoints.
    • Top-line performance: Wireless datacom revenue rose 15% Y/Y to $62.8M, after having risen 23% in FQ2. Strong shipments to CalAmp's biggest heavy equipment industry client lifted sales, as did demand for its mobile resource management (MRM) and wireless network offerings. Satellite revenue rose 37% to $11.8M, a reversal from FQ2's 11% decline. Datacom revenue is expected to rise Q/Q in FQ4; satellite revenue is expected to drop slightly.
    • Financials: Gross margin was 35.6%, -60 bps Q/Q but +60 bps Y/Y. GAAP operating expenses rose 15% Y/Y to $18M. CalAmp ended FQ3 with $223M in cash, and $138M in debt.
    • Shares have dropped to $18.72 after hours.
    • CalAmp's earnings/guidance, earnings release
    | Dec. 22, 2015, 6:48 PM
  • Dec. 10, 2015, 7:55 AM
    • CalAmp (NASDAQ:CAMP) says it has made an offer to acquire LoJack (NASDAQ:LOJN) for $5.50/share in cash, a 58% premium over LOJN's closing price yesterday in a deal valued at ~$113M.
    • CAMP CEO Michael Burdiek says his company has attempted to engage in talks with LOJN on a deal for nearly two years and has made three all-cash offers that were rejected.
    • Burdiek says a combination "would create a market leader that is well-positioned to drive the broad adoption of vehicle telematics technologies and applications worldwide."
    • CAMP +2.7% premarket, LOJN halted.
    | Dec. 10, 2015, 7:55 AM | 1 Comment
  • Oct. 5, 2015, 3:14 PM
    • The Nasdaq is up 1.5% as equity markets display a renewed appetite for risk, and a large number of tech companies are posting 5%+ gains.
    • Major gainers include 3D printer makers 3D Systems (DDD +6.8%), Stratasys (SSYS +7.3%), and ExOne (XONE +10.4%), solar microinverter maker Enphase (ENPH +10.7%) and rival SolarEdge (SEDG +6.1%), car-buying site TrueCar (TRUE +10%), defense IT firm Kratos (KTOS +9.5%), online ad software firm Marin Software (MRIN +8.3%), and CDN owner Limelight (LLNW +8.9%).
    • Others: IP licensing firm Acacia (ACTG +7.2%), application delivery controller/security hardware vendor A10 Networks (ATEN +8.3%), travel deal site Travelzoo (TZOO +7.5%), home automation tech provider Control4 (CTRL +8.5%), M2M/telematics hardware and services firm CalAmp (CAMP +6.1%), online video hosting platform Brightcove (BCOV +6%).
    • 3D printing stocks, hit hard in 2014 and 2015, are reversing the big losses seen last Tuesday. Travelzoo's gains follow last Thursday's CEO change announcement. CalAmp is now up 24% since beating FQ2 estimates and providing in-line FQ3 guidance on Oct. 1.
    • Previously covered: Twitter, Cisco, Rackspace, Micron, SunEdison, Vivint, Juniper, CEVA, Knowles, Yandex/Qiwi
    | Oct. 5, 2015, 3:14 PM | 6 Comments
  • Oct. 1, 2015, 5:35 PM
    | Oct. 1, 2015, 5:35 PM
  • Oct. 1, 2015, 5:34 PM
    • With expectations fairly low going into its FQ2 report, CalAmp (NASDAQ:CAMP) has jumped to $17.05 after hours after beating estimates with the help of a 23% Y/Y increase in wireless datacom revenue to $61.8M - growth slightly improved from FQ1's 21% - and offering in-line FQ3 and FY16 guidance.
    • Datacom sales benefited from strong demand for CalAmp's mobile resource management (MRM) hardware and software offerings from fleet-management and asset-tracking clients, as well as for its wireless networking products. Satellite revenue fell 11% Y/Y to $8M. However, both datacom and satellite sales are expected to be "solidly higher" Q/Q and Y/Y in FQQ3.
    • Financials: Gross margin rose 20 bps Q/Q and 160 bps Y/Y to 36.2%. GAAP operating expenses rose 12% Y/Y to $17.4M. CalAmp ended FQ2 with $217.7M in cash/marketable investments, and $136.7M in debt.
    • CalAmp's results/guidance, PR
    | Oct. 1, 2015, 5:34 PM
Company Description
CalAmp Corp. develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. The company operates in two business segments: Wireless DataCom and Satellite. The Wireless DataCom segment offers solutions to... More
Sector: Technology
Industry: Communication Equipment
Country: United States