Samsara reports strong fiscal Q2 results and positive guidance for fiscal 2025

From Nasdaq: 2024-09-10 11:13:00

Samsara Inc. (NYSE: IOT) is a top IoT solutions provider with a cloud-based platform for real-time operational insights. It faces competition from Impinj Inc. (NASDAQ: PI), Trimble Inc. (NASDAQ: TRMB), and Google Cloud IoT Core.

Samsara’s growth includes top clients in transportation, construction, and retail sectors. IoT solutions offer real-time visibility, safety enhancements, and predictive maintenance.

Samsara provides IoT solutions for transportation, construction, manufacturing, and food sectors, optimizing fleet tracking, safety monitoring, and equipment performance.

Samsara reported strong fiscal Q2 2025 results, exceeding EPS and revenue expectations with a 36% YoY revenue increase.

Samsara issued positive guidance for fiscal 2025, expecting EPS and revenue to surpass consensus estimates.

Samsara’s CEO highlighted a record-breaking quarter and impressive growth, emphasizing the increase in data points collected on the platform.

IOT stock broke out of an ascending triangle pattern post-earnings, hitting a 52-week high with $45.43 peak.

IOT stock’s breakout signals an uptrend, with Fibonacci pullback support levels and an average consensus price target of $42.07.

Investors should be patient after the breakout and consider strategies like cash-secured puts and covered calls for potential income.



Read more at Nasdaq: Samsara Takes Internet of Things Solutions to the Next Level