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As wireless stocks come alive, CAMP is one that's been ignited. |
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Released on Tuesday, June 19, 2012, 2:45 AM ET
Pittsburgh, PA (SpeculatingStocks) - Wireless related stocks have started to come alive as wireless is going to win out over any sort of land line. CalAmp Corp. (NASDAQ:CAMP) is a wireless play that has been on fire. The company develops and markets wireless communications solutions that deliver data, voice, and video for critical networked communications in the United States.
With the US moving from the PC era into the mobile and tablet era, wireless communications is a must as computing is no longer tied down to one fixed location.
CAMP has grown revenue from $112 million in fiscal 2010 to $114 million in fiscal 2011 to $138 million in fiscal 2012 with net income coming in at $5.21 million for fiscal 2012. CAMP is trading at a market cap of only around $207 million and heading in the right direction.
CAMP just reached a new 52-week high at $7.95, which it has been doing on a fairly regular basis in 2012. The stock has trended from around the $4.00 level to a current price of $7.74. It looks like this micro-cap can keep trending higher in the coming days and months.
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