What's Going On With Software Company Samsara Shares Today?
Portfolio Pulse from Lekha Gupta
Samsara Inc. (NYSE:IOT) shares are trading lower after reporting strong Q1 FY25 results, with revenue and earnings beating estimates. Despite positive financials, the stock is down 12.7% premarket. Investors can also gain exposure through ETFs like FPX and LRNZ.
June 07, 2024 | 1:27 pm
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NEGATIVE IMPACT
First Trust US Equity Opportunities ETF (FPX) includes exposure to Samsara Inc. The drop in Samsara's stock may have a minor negative impact on FPX.
FPX has exposure to Samsara Inc., and the drop in Samsara's stock could slightly affect the ETF's performance.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
Samsara Inc. reported strong Q1 FY25 results with revenue and earnings beating estimates. Despite this, the stock is down 12.7% premarket, likely due to conservative future guidance.
Despite strong financial performance, the stock is down likely due to conservative future guidance, which may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
TrueShares Technology, AI & Deep Learning ETF (LRNZ) includes exposure to Samsara Inc. The drop in Samsara's stock may have a minor negative impact on LRNZ.
LRNZ has exposure to Samsara Inc., and the drop in Samsara's stock could slightly affect the ETF's performance.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30