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LONDON--(BUSINESS WIRE)--Samsara helps Otto Car to track its air quality efforts and prove a reduction of 50k tonnes of CO2 emissions in 12 months.
The Investment Committee give you their top stocks to watch.
From a technical perspective, Samsara Inc. (IOT) is looking like an interesting pick, as it just reached a key level of support. IOT recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
IOT is experiencing strong growth fueled by the ongoing digitization wave. Its partnership with Esri will boost prospects.
SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations® Cloud, today announced a new integration with Esri to enhance fleet management and real-time reporting for government agencies. This turnkey integration allows customers to leverage telematics data from Samsara, including location, utilization, and maintenance, within Esri's® ArcGIS® Velocity℠, a software-as-a-service IoT application for processing, visualizing, and analyzing real-time.
SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations® Cloud, today announced its inclusion in FORTUNE's 2024 Change the World list, which spotlights an elite group of companies that drive positive social impact through their core business strategy. Key criteria for the list include measurable social impact, business results, and degree of innovation. Samsara's impact through its Video-Based Safety solution was a central factor in the comp.
The Investment Committee give you their top stocks to watch for the second half.
IOT's stock is driven by an expanding clientele and strong adoption of its AI and telematics solutions.
Samsara's Q2 FY2025 results showed strong growth, with a 36% YoY increase in annual recurring revenue, but shares now trade at high valuation multiples. Despite the impressive growth, high volatility and elevated share price led me to downgrade IOT to a hold, awaiting a potential pullback. Samsara's focus on acquiring high-value customers and new product adoption, like the industrial-grade Bluetooth Asset Tag, is crucial for future profitability.
Samsara CEO Sanjit Biswas joins ‘Closing Bell Overtime' to discuss their latest quarterly earnings, growth in Europe and other regions, and more.