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.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in IOT.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2023 – Ambastha Financial LLC.