IOT Stock Recent News
IOT LATEST HEADLINES
SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that it will release its financial results for the first quarter of fiscal year 2025, which ends May 4, 2024, after the U.S. market closes on Thursday, June 6, 2024. Samsara will host a live webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Event: Samsara's First Quarter Fiscal Year 2025 Financial Results Date: Thursday,.
Samsara is a company developing IoT systems that gather operational data and derive insights to streamline operations. Business expansion from connected fleets to connected equipment and sites has been progressing well so far, in my opinion. I expect Samsara to continue benefiting from secular growth opportunities in industrial IoT.
Samsara positioning itself as a safety and operations provider, demonstrably improving their customers' operations, is a huge competitive advantage. Samsara ensures that customers get a good return on its investments via safety improvements and fuel efficiencies. Its 3-5 year non-cancellable contracts SaaS model provides it with stable and recurring revenues.
The Investment Committee discuss their top stocks to watch for the second half.
Samsara's IOT business performance was strong, leading to an upgrade from hold to buy rating. Revenue grew 48% and net new ARR accelerated to 39% YoY growth in 4Q24. IOT has the potential for further growth through expanding into adjacent verticals and up-selling solutions to existing customers.
AI stock Samsara is trying to retake its latest buy point after the stock soared 14% on the company's strong earnings results.
The Investment Committee give you their top stocks to watch for the second half.
Following the breakout after reporting earnings, Samsara NYSE: IOT is now firmly in the spotlight as its stock soared. With a stellar fourth-quarter earnings report released on Thursday, March 7, Samsara has again captured investor attention, surpassing Wall Street estimates and igniting a significant surge in its stock price.
The IoT and cloud computing specialist unveiled its fourth-quarter and full-year results for fiscal 2024. These showed very robust growth on the top line and a flip into the black for adjusted profitability.
Sanjit Biswas, Samsara CEO, joins 'Closing Bell Overtime' to talk customer growth, Q4 earnings, AI, and more.