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Trade-Ideas LLC identified

CalAmp

(

CAMP

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified CalAmp as such a stock due to the following factors:

  • CAMP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.9 million.
  • CAMP has traded 120,157 shares today.
  • CAMP is trading at 9.23 times the normal volume for the stock at this time of day.
  • CAMP is trading at a new high 3.16% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on CAMP:

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TheStreet Recommends

CalAmp Corp. provides wireless communications solutions for various applications worldwide. It operates in two segments, Wireless DataCom and Satellite. CAMP has a PE ratio of 38. Currently there are 7 analysts that rate CalAmp a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for CalAmp has been 435,400 shares per day over the past 30 days. CalAmp has a market cap of $690.9 million and is part of the technology sector and telecommunications industry. The stock has a beta of 1.80 and a short float of 10% with 7.07 days to cover. Shares are up 6.3% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates CalAmp as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 5.8%. Since the same quarter one year prior, revenues rose by 17.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • CALAMP CORP has improved earnings per share by 11.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, CALAMP CORP increased its bottom line by earning $0.45 versus $0.33 in the prior year. This year, the market expects an improvement in earnings ($1.12 versus $0.45).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Communications Equipment industry. The net income increased by 6.7% when compared to the same quarter one year prior, going from $3.28 million to $3.50 million.
  • Net operating cash flow has increased to $12.43 million or 46.97% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 7.70%.
  • 37.51% is the gross profit margin for CALAMP CORP which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, CAMP's net profit margin of 5.01% significantly trails the industry average.

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