Jefferies initiated coverage of connected-operations platform Samsara (NYSE: IOT) with a 'buy' rating and a $50 price target, saying the company is well positioned to gain share in a large, underpenetrated market for physical operations technology. Samsara's platform combines software, proprietary hardware, artificial intelligence, analytics and automation to help businesses reduce liability and improve productivity across physical operations.
IOT's Q2 earnings beat estimates as ARR growth accelerates, margins expands and large-customer adoption fuels strong revenue gains.
Samsara Inc. (IOT) Q2 2027 Earnings Call Transcript
Samsara NYSE: IOT reported second-quarter fiscal 2027 results marked by 30% year-over-year growth in annual recurring revenue and revenue, while the provider of connected operations software expanded its large-customer base and maintained GAAP profitability.
Samsara Inc. (IOT) came out with quarterly earnings of $0.2 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.12 per share a year ago.
Samsara and UiPath both report on the same afternoon, but one enters with a 42% monthly surge and a consensus price target below its current price, making the earnings bar look very different for each stock.
IOT's Q2 results can show how enterprise adoption, AI monetization and newer applications are shaping growth and profitability.
Samsara Inc. (IOT) closed the most recent trading day at $39.14, moving 2.95% from the previous trading session.
Samsara Inc. (IOT) concluded the recent trading session at $39.58, signifying a +1.49% move from its prior day's close.
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In the most recent trading session, Samsara Inc. (IOT) closed at $39.34, indicating a -2.43% shift from the previous trading day.
Samsara Inc. (IOT) closed at $38.22 in the latest trading session, marking a -1.32% move from the prior day.