CalAmp Sees Q4 Revenues To Be Down Slightly On A Sequential Basis And Adjusted EBITDA To Be Stable
Portfolio Pulse from Benzinga Newsdesk
CalAmp anticipates a slight decrease in Q4 revenues compared to the previous quarter, while expecting its adjusted EBITDA to remain stable.
January 09, 2024 | 9:40 pm
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NEGATIVE IMPACT
CalAmp expects Q4 revenues to decline slightly from the previous quarter but predicts that adjusted EBITDA will not change.
The anticipated slight decrease in quarterly revenues could be seen as a negative indicator for growth, potentially leading to a negative short-term impact on CalAmp's stock price. However, the stability of adjusted EBITDA suggests that the company is managing its operational costs effectively, which could mitigate some negative sentiment. The score reflects the mixed nature of the news, with a slight negative bias due to the revenue decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100