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Fly News Breaks for April 19, 2017
CAMP
Apr 19, 2017 | 08:11 EDT
Craig-Hallum analyst Anthony Stoss notes that CalAmp reported results and guidance in line with estimates as weakness seen in its North American MRM business the last several quarters is now behind them. The analyst believes CalAmp remains a great way to play the accelerating M2M, Internet of Things and connected car markets given its "strong portfolio" of both hardware and software solutions. He reiterates a Buy rating and $19 price target on the shares.
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