Samsara Inc (IOT) PT Raised to $40 at BMO Capital
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Samsara Inc (IOT) rises on earnings, revenue beat
March 8, 2024 7:34 AM ESTSamsara Inc (NYSE: IOT) concluded its fiscal year with robust results, surpassing Wall Street expectations for the fourth quarter. The company reported an adjusted EPS of $0.04, edging out the consensus estimate of $0.03. Revenue for the quarter was also higher than anticipated, coming in at $276.3 million against the forecasted $258.29 million.
This performance represents a significant 48% YoY revenue growth or 37% on an adjusted basis. The company's Annual Recurring Revenue (ARR) reached $1.102 billion, marking a 39% YoY increase. Additionally, Samsara saw a 49% YoY growth in customers with ARR over $100,000, now totaling... More
