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Samsara Inc. (IOT) 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 transportation, wholesale and retail trade, construction, field services, logistics, utilities and energy, healthcare and education, manufacturing, food and beverage, and other industries, as well as government.
Shares have formed a bullish "flag" following the company's laterst quarterly report. Higher share prices are expected.
On June 1st, IOT reported a 1st Quarter April 2023 loss of $0.05 per share on revenue of $204.3 million. The consensus estimate was a loss of $0.05 per share on revenue of $191.9 million. Revenue grew 43.2% on a year-over-year basis.
Guided Higher: The company said it expects a second-quarter non-GAAP loss of $0.03 to $0.02 per share on revenue of $206.0 million to $208.0 million. The current consensus estimate is a loss of $0.03 per share on revenue of $201.17 million for the quarter ending July 31, 2023. The company said it expects fiscal 2024 non-GAAP results to range from a loss of $0.02 per share to breakeven on revenue of $866.0 million to $874.0 million. The company's previous guidance was loss of $0.07 to $0.05 per share on revenue of $838.0 million to $848.0 million.
Entry Point: $30.00
Stop Loss: $28.50
Trading Range: $8.42 - $30.91
Target Price: $33.00
