IOT Stock Recent News

Samsara Inc. (IOT) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.02 per share a year ago.

The company's CEO sees a huge remaining opportunity as many commercial vehicles have no data connection at all.

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, reported financial results for the first quarter ended May 4, 2024, and released a shareholder letter accessible from the Samsara investor relations website at investors.samsara.com. “We delivered a strong first quarter of the new fiscal year with Q1 revenue of $280.7 million, growing 37% year-over-year, the same year-over-year adjusted revenue growth (1) as last quarter at a larger scale,”.

Samsara Inc. (IOT) concluded the recent trading session at $39.37, signifying a -0.25% move from its prior day's close.

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today unveiled its 2024 Impact Report alongside new initiatives aimed at significantly reducing the company's carbon footprint. Operating under the three guiding principles of transparency and accountability, data-driven solutions, and community empowerment, Samsara introduces new initiatives and progress toward a better future. Joining Forces for a Greener World As part of its.

The latest trading day saw Samsara Inc. (IOT) settling at $40.90, representing a +0.69% change from its previous close.

In the most recent trading session, Samsara Inc. (IOT) closed at $39.84, indicating a +0.23% shift from the previous trading day.

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.