IOT Stock Recent News

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.

Samsara's fiscal second-quarter performance benefits from expanding its customer base.

Samsara released its Q2 report yesterday and beat Wall Street's sales and earnings targets. Gross margin improved in the quarter, and operating expenses grew much less than revenue.

Samsara Inc (NYSE:IOT), one of Schaeffer's Top Stock Picks of 2024 , is on the move today.

Samsara Inc. IOT reported better-than-expected second-quarter financial results and raised its FY25 guidance on Thursday.

Samsara Inc. (NYSE:IOT ) Q2 2025 Earnings Conference Call September 5, 2024 5:00 PM ET Company Participants Mike Chang - Vice President, Corporate Development and Investor Relations Sanjit Biswas - Chief Executive Officer and Co-Founder Dominic Phillips - Chief Financial Officer Conference Call Participants Kash Rangan - Goldman Sachs Alex Zukin - Wolfe Research Chris Quintero - Morgan Stanley Kirk Materne - Evercore Matthew Hedberg - RBC Capital Markets James Fish - Piper Sandler Michael Turrin - Wells Fargo Matthew Bullock - Bank of America Dylan Becker - William Blair Ella Smith - JPMorgan Derrick Wood - Cowen and Company Junaid Siddiqui - Truist Mike Chang Good afternoon and welcome to Samsara's Second Quarter Fiscal 2025 Earnings Call. I'm Mike Chang, Samsara's Vice President of Corporate Development and Investor Relations.