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What's Going On With Samsara Stock Friday?
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What's Going On With Samsara Stock Friday?
Sep 6, 2024 12:02 PM

Samsara Inc. ( IOT ) stock is trading higher Friday after the company reported better-than-expected 2025 fiscal year second quarter financial results and raised its fiscal year guidance.

What To Know: Samsara reported adjusted EPS of 5 cents, beating analysts estimate of 1 cent.

Revenue: Revenue grew 27% year over year to $300.20 million, beating analysts estimate of $289.54 million.

ARR: The company ended the quarter with Annual Recurring Revenue of $1.264 billion, a 36% year-over-year growth.

Guidance: Samsara also issued guidance for the third quarter and raised its 2025 fiscal year guidance.

Q3: The company expects revenue between $309 million and $311 million and adjusted EPS from 3 to 4 cents.

FY25: Samsara raised its revenue guidance range and now sees revenues of $1.224 billion to $1.228 billion versus analyst estimates of $1.213 billion. The company now sees adjusted EPS between 16 cents and 18 cents versus analysts estimate of 13 cents. Previously, the company expected adjusted EPS of 13 cents to 15 cents.

Analyst Changes: Following the earnings report, multiple analysts issued price target changes.

See Also: Broadcom Q3 Earnings Preview: Can ‘Sustained AI Order Momentum’ Help Company With History Of Beating Estimates?

IOT Price Action: Samsara Inc. ( IOT ) shares are moving 15.8% higher at $44.87, according to data from Benzinga Pro.

Image: Courtesy of Samsara

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