Streetbeat News

IOT

Samsara Inc.

https://www.samsara.com

Industry

Software - Infrastructure

Samsara Inc. provides solutions that connect physical operations data to its Connected Operations Cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility. It serves customers across a range of industries, including transportation and logistics, construction, field services, utilities and energy, government, healthcare and education, manufacturing, wholesale and retail trade, and food and beverage. The company was incorporated in 2015 and is based in San Francisco, California.

Open

50.60

Mkt cap

29B

Volume

2.4M

High

51.83

P/E Ratio

-105.65

52-wk high

51.83

Low

50.30

Div yield

N/A

52-wk low

23.12

The broader tech and software sector is experiencing a downturn, primarily influenced by weaknesses in Apple and GitLab. This decline is attributed to a potential industry pullback after a recent surge in AI-related stocks.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:56 pm

SOPHiA GENETICS shares fell by 19% after reporting Q4 earnings below expectations and issuing weak 2024 guidance. Other stocks showed significant movement, with Sunshine Biopharma, Airship AI Holdings, and AeroVironment among the top gainers, while Quoin Pharmaceuticals, Crawford & Company, and Ekso Bionics led the losers.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 6:11 pm

Samsara's (NYSE:IOT) short interest has decreased by 13.56%, with 11.35 million shares sold short, representing 7.01% of its float. This decrease in short interest could indicate a more bullish sentiment towards the stock, despite it being higher than its peer group average of 3.49%. The coverage time for short positions is approximately 3.81 days.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 3:00 pm

On CNBC's 'Halftime Report Final Trades,' experts highlighted Thermo Fisher Scientific Inc. (TMO), iShares U.S. Real Estate ETF (IYR), and Samsara Inc. (IOT). Thermo Fisher raised its quarterly dividend and reported Q4 revenue and EPS that beat consensus. Samsara is expected to report Q4 earnings with significant improvements. IYR was also recommended as a final trade.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:53 pm

On CNBC's Halftime Report, analysts shared their final trades, highlighting Thermo Fisher Scientific (TMO) and Samsara (IOT) as notable picks. These recommendations are based on current market analysis and trends.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:01 pm

Shares of tech sector companies are trading higher due to overall market strength, influenced by NVIDIA's strong Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:54 pm

Shares of software companies, including ADEA, ADSK, AI, ANSS, and others, are trading lower due to rising Treasury yields following higher-than-expected U.S. January inflation data.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:30 pm

Samsara (NYSE:IOT) has seen a decrease in short interest, with 13.12 million shares sold short, representing 8.11% of its float. This is a 4.02% decrease from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest is significantly higher than its peer group average of 2.77%, suggesting more bearish sentiment compared to its peers. However, a decrease in short interest can sometimes be interpreted as a bullish signal.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 1:30 pm

Today's session highlighted significant whale activity in the Information Technology sector, with notable options trading on stocks like AMD, NVDA, ARM, PLTR, MARA, SMCI, CLSK, AAPL, WULF, and IOT. The trades varied in sentiment from bullish to bearish, involving both call and put options with varying expiration dates and strike prices. This activity could indicate upcoming movements in these stocks, driven by large investors' strategies.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:35 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.