CalAmp (NASDAQ: CAMP): This Triple-Digit Gainer Could Surge Another 85%

Impressed by the performance of the S&P 500 so far this October? You should be. The index is trading near its all-time high of 1,759, and it is up about 4.3% since Oct. 1.

Despite the phenomenal gains of the past month, the performance of the S&P seems almost tepid compared to wireless communications provider, CalAmp (NASDAQ: CAMP). The company, which develops wireless datacom and satellite communications solutions, is up almost 40% so far this month. Even more impressive, shares have increased more than 190% year to date, surging from around $8 at the end of 2012 to their current level above $24.

The stock's enormous returns have been fueled by eye-popping revenue gains. In its recently reported fiscal 2014 second-quarter results, the company posted a 38% year-over-year revenue increase in its wireless datacom segment. This increase was driven largely by the company's mobile resource management products, including its stolen vehicle recovery system and GPS-enabled fleet management devices. Growth was also seen in the company's wireless network division, which enables everything from automating electricity distribution to facilitating communication among emergency vehicles.  (more)

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