CalAmp Corp. ( CAMP ) saw a big move last session, as the company's shares fell more than 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CAMP, as the stock is now up more than 5% in the past one-month time frame.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CAMP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the technology sector include TE Connectivity Ltd. ( TEL ), KEMET Corp. ( KEM ) and AAC Technologies Holdings Inc. ( AACAY ). All these holds a Zacks Rank #2 ( Buy) .
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCALAMP CORP (CAMP): Free Stock Analysis ReportTE CONNECT-LTD (TEL): Free Stock Analysis ReportKEMET CORP (KEM): Free Stock Analysis ReportAAC TECH HLDGS (AACAY): Get Free ReportTo read this article on Zacks.com click here.