Canaccord Genuity Cuts Price Target on Calamp Corp. (CAMP) to $23 Following 3Q Report
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CalAmp Reports Fiscal 2017 Third Quarter Financial Results
December 21, 2016 4:05 PM ESTIRVINE, Calif., Dec. 21, 2016 /PRNewswire/ --Â CalAmp (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today reported results for its fiscal 2017 third quarter ended November 30, 2016.
Revenue for the third quarter of fiscal 2017 was $83.4 million, an increase of 12% from the third quarter of fiscal 2016. The latest quarter included revenue of $29.9 million from LoJack products and services that was slightly lower than expected, as anticipated orders from two large international licensees were received late in the... More
CalAmp Announces Planned Retirement of Chief Financial Officer Rick Vitelle
December 21, 2016 4:02 PM ESTIRVINE, Calif., Dec. 21, 2016 /PRNewswire/ --Â CalAmp (NASDAQ: CAMP) today announced that its Executive Vice President, Chief Financial Officer and Corporate Secretary, Rick Vitelle, plans to retire from the company after sixteen years of service. Mr. Vitelle will remain as CFO until his successor is found, to ensure an orderly and seamless transition. The company has initiated a comprehensive search to identify Mr. Vitelle's successor, and once a CFO is on board, Mr. Vitelle will remain with the company during a transition period.
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