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CalAmp Corp. (CAMP)

  • Yesterday, 7:11 PM
    • Ahead of tomorrow's FQ4 report, CalAmp (NASDAQ:CAMP) announces it has bought Crashboxx, a startup working on "insurance telematics applications across the entire auto insurance lifecycle, from driver risk assessment through claims processing automation." The company is paying $1.5M in cash up-front + earn-outs based on post-acquisition sales targets.
    • CalAmp: "[Crashboxx's] proprietary driver behavior, crash detection, crash notification and physical and bodily damage estimation technologies are extraordinarily unique within the emerging insurance telematics marketplace. Innovations including automated first notification of loss and near real time estimation of damages and bodily injury could drive significant business efficiencies and [ROI] for both insurance carriers and fleet managers."
    • Though the Industries page on CalAmp's site currently lists 11 different verticals for which it provides telematics, fleet-tracking, and asset/device management solutions, insurance isn't one of them.
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  • Yesterday, 5:35 PM
  • Wed, Apr. 8, 7:12 PM
    • CalAmp (NASDAQ:CAMP) has updated its Vanguard rugged 4G router line to include a model (the 5530) that supports a broader set of frequency bands. That makes it compatible with 4G networks worldwide, as well as Verizon's high-speed XLTE network (went live in 2014).
    • Like other Vanguard routers, the 5530 has an industrial-grade design meant to hold up in rough environments, and works with CalAmp's cloud-based DeviceOutlook device management/remote monitoring software. Wi-Fi and GPS support is optional.
    • CalAmp's wireless datacom revenue rose 10% Y/Y in FQ3 (the November quarter) to $54.6M, thanks in part to "specialized telematics device shipments to a key OEM customer in the heavy equipment industry." FQ4 results arrive on April 21.
  • Thu, Mar. 12, 6:02 PM
    • 2lemetry's cloud-based platform serves as middleware for large networks of Web-connected embedded devices - the proverbial Internet of Things (IoT). It translates the various protocols used by connected devices, sets messaging rules, and analyzes the data traffic it handles to derive insights.
    • The startup boasts its solution can work with any protocol or hardware platform, automatically add new devices as they join a network, and scale to millions of devices without hurting performance. Honeywell is among the company's enterprise clients.
    • Amazon (NASDAQ:AMZN) has bought 2lemetry for an undisclosed sum, and says it will continue supporting the company's clients. 2lemetry's services appear to complement AWS' Kinesis service, which provides real-time processing for massive data streams, including for data produced by IoT devices and sensors.
    • TechCrunch notes 2lemetry's Incoming service might particularly interest Amazon - it helps companies (such as retailers) interact with customers using data obtained via proximity beacons, geofencing, facial recognition, and other sources.
    • Though better known for their machine-to-machine (M2M) communications hardware, Sierra Wireless (NASDAQ:SWIR) and CalAmp (NASDAQ:CAMP) are two companies that have been going after the budding IoT service market. Sierra recently bought M2M connectivity/messaging service provider Wireless Maingate, and CalAmp has launched its Connect service platform for deploying and managing M2M devices.
  • Tue, Jan. 6, 12:07 PM
    • M2M connectivity hardware/service providers Sierra Wireless (SWIR -8%) and CalAmp (CAMP -6.5%) are posting steep losses on a day the Nasdaq is down 1.5%. On the other hand, smaller hardware peer Novatel (MIFI +7.6%) is adding to yesterday's gains in a big way.
    • Northland downgraded Sierra last Friday in response to its huge 2014 gains, albeit while belatedly hiking its target and estimates. Going into today, Novatel sported a 2015E EV/sales ratio roughly 1/3 of Sierra's.
    • Machina Research recently provided a set of 2015 M2M/IoT predictions. Among them: Enterprise deployments and M&A activity will ramp; regulators will take a closer look at the market; connected car adoption will grow; and mobile phones will increasingly act as gateway devices for interacting with IoT hardware.
  • Dec. 24, 2014, 12:44 PM
  • Dec. 23, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: ONTX +3.5%. AG +3.0%. AU +2.2%. GSAT +2.0%. FOLD +1.8%.
    • Top losers, as of 5:15 p.m.: CAMP -5.2%. TPLM -3.3%. EPE -2.5%. NQ -2.4%. UWTI -2.1%.
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  • Dec. 23, 2014, 4:25 PM
    • CalAmp (NASDAQ:CAMP) expects FQ4 revenue of $66M-$70M, below a $71.1M consensus. EPS guidance of $0.26-$0.30 is in-line with a $0.28 consensus.
    • FQ3 wireless datacom revenue +10% Y/Y to $54.6M; it was up 11% in FQ2. Satellite revenue -37% to $8.6M; it fell 23% in FQ2. CalAmp notes "specialized telematics device shipments to a key OEM customer in the heavy equipment industry" lifted wireless sales.
    • Wireless datacom revenue is expected to be up Q/Q and Y/Y in FQ4, while satellite revenue is expected to fall to $8M.
    • Gross margin +40 bps Q/Q and +190 bps Y/Y to 35%. Opex +4% Y/Y to $15.6M. CalAmp ended the quarter with $40M in cash/marketable securities (up $3.2M Q/Q), and no debt.
    • FQ3 results, PR
    | 1 Comment
  • Dec. 23, 2014, 4:02 PM
    • CalAmp (NASDAQ:CAMP): FQ3 EPS of $0.25 beats by $0.02.
    • Revenue of $63.2M (-0.5% Y/Y) in-line.
    • Shares -5% AH.
    • Press Release
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  • Dec. 22, 2014, 5:35 PM
  • Nov. 6, 2014, 11:24 AM
    • Sierra Wireless' Q3 beat and strong Q4 guidance is providing a lift to fell 3G/4G hotspot router and M2M hardware provider Novatel Wireless (MIFI +6.2%), as well as M2M vendor CalAmp (CAMP +3.9%).
    • Novatel reports after the bell. CalAmp jumped a month ago after posting an FQ2 beat and in-line guidance.
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  • Oct. 7, 2014, 12:45 PM
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  • Oct. 6, 2014, 5:36 PM
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  • Oct. 6, 2014, 4:17 PM
    • CalAmp (NASDAQ:CAMP) expects FQ3 revenue of $61M-$65M and EPS of $0.21-$0.25, mostly below a consensus of $65.2M and $0.24. However, FY15 (ends Feb. '15) guidance is for revenue of $250M-$255M and EPS of $0.88-$0.94, in-line with a consensus of $253M and $0.91.
    • FQ2 wireless datacom revenue +11% Y/Y to $50.2M. Satellite revenue (expected to be weak) -23% to $9M. Strong sales to energy clients provided a lift, as did demand for mobile resource management (MRM) products and the resumption of shipments to a major solar customer.
    • Wireless datacom sales are expected to be up Q/Q in FQ3; satellite sales are expected to fall slightly.
    • Gross margin +30 bps Q/Q and +90 bps Y/Y in FQ2 to 34.6%. Opex +3% Y/Y to $15.5M. CalAmp ended the quarter with $36.8M in cash/investments, and no debt.
    • Expectations were low going into the report.
    • FQ2 results, PR
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  • Oct. 6, 2014, 4:01 PM
    • CalAmp (NASDAQ:CAMP): FQ2 EPS of $0.21 beats by $0.02.
    • Revenue of $59.2M (+0.7% Y/Y) beats by $0.14M.
    • Shares -3.27% AH.
    • Press Release
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  • Oct. 5, 2014, 5:35 PM
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Company Description
CalAmp Corp provides wireless communications solutions applications to customers. Its business activities are organized into its Wireless DataCom and Satellite business segments.