2023-05-11 06:29:48 ET
- CalAmp ( NASDAQ: CAMP ) announced that Jeff Gardner will be stepping down from his role as CEO, effective no later than October 30, 2023.
- The company has commenced a search for its next CEO and will be retaining an executive search firm.
- Mr. Gardner was appointed as President and CEO on July 2, 2020 after serving as the Interim President and CEO since March 25, 2020, and has served as a member of Board since 2015.
- The stock gets a Quant rating of Strong Sell due to negative EPS revisions and declining growth when compared to other IT stock.
- Contrary, the sell-side analyst give the stock a Buy rating and an average target price of $5.85.
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CalAmp executive chief steps down