IOT Stock Recent News

This Internet of Things stock is building a cup base as it climbs back from a severe drop. Profits are expected to grow 91% in fiscal 2025.

While the term “Internet of Things” (IoT) may not sound very technical, it refers to a technological sector focused on interconnectivity between electronic devices and the data they generate. Examples of this include smart home appliances, like remote-controlled lighting, smart fridges and even devices like Amazon's (NASDAQ: AMZN ) Alexa.

Samsara reported strong Q1 results with revenue of $281 million driven by large customer momentum. The company has a unique value position and is targeting a massive $1.5 trillion Industrial IoT opportunity. We consider Samsara one of the best performing SaaS companies in the current market and see the recent price decline as a buying opportunity.

In a notable move, Bank of America (BofA) initiated coverage on Samsara Inc (NYSE: IOT), assigning the company a Buy rating with a price target of $37. This comes as Samsara continues to carve out a niche in the rapidly evolving field of AI-driven auto safety solutions.

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced the winners of its 2024 Connected Operations Awards. This year's honorees represent the people and organizations that power our world — from transportation and the public sector, to construction and manufacturing. These organizations use data-driven insights from Samsara's platform to run more safely, efficiently, and sustainably in service to their customers and.

Samsara Inc. NYSE: IOT is a leading industrial Internet of Things (IoT) provider offering hardware, software, and cloud platforms complete with data analysis tools as a one-stop shop. Samsara caters to a number of industries ranging from construction, logistics, utilities, field services, education, transportation fleet management, and government agencies.

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that it will host its Investor Day on June 27th, 2024 from 12:30 - 3:00 p.m. Pacific Time (3:30 - 6:00 p.m. Eastern Time). Members of Samsara's executive leadership team, including Sanjit Biswas (CEO and Co-Founder), Kiren Sekar (Chief Product Officer), Lara Caimi (President of Worldwide Field Operations), and Dominic Phillips (Chief Financial Officer) will discu.

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced its latest State of Connected Operations Report — Smarter, Faster, Safer: The AI Revolution in Physical Operations — providing insights into how the organizations that drive more than 40% of the global GDP are leveraging artificial intelligence (AI) to enhance safety, maximize efficiency, and empower their employees. With perspectives from more than 1,500 physica.

Sanjit Biswas, Samsara CEO, joins 'Closing Bell Overtime' to talk quarterly results and the stocks reaction.

Samsara's (IOT) fiscal first-quarter performance benefits from expanding its customer base.