By Kuldip K. Ambastha
On Friday, March 3, 2023, the stock price of Samsara Inc. (IOT), an American Internet of Things (IoT) company focused on the industrial sector, surged by +15.4% per share. From the perspective of revenues, the latest quarter and full-year figures disclosed came in higher than Wall Street expected. Samsara has seen strong recurring revenue figures, indicative of solid customer demand. From the viewpoint of earnings per share (EPS), a -$0.02 EPS figure was seen in the latest quarter. This EPS value exceeded expectations, but bear in mind it is still a negative earnings number.
Keywords – Samsara Inc., Samsara, IOT, Internet of Things, IoT, technology, tech, industrial, revenues, customers, demand, earnings per share, EPS, negative, Wall Street.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in IOT.
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