Samsara Inc surges on smaller-than-expected Q3 loss

Samsara (Pre-Reincorporation)

02/12/2022 15:08

** Cloud services firm Samsara Inc  IOT.N  jumps as much as
27% to one-month high of $12.60
    ** Set for best day ever since it listed in December 2021,
if gains hold
    ** IOT posts smaller-than-expected Q3 adj loss, while
revenue also beats est - Refinitiv
    ** Also forecasts smaller-than-expected Q4 and FY adj loss
per share
    ** RBC raises PT to $15 from $14, while Evercore ISI cuts PT
to $15 from $17
    ** Stock down 65% YTD as of last close
 (Reporting by Ruhi Soni in Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com; Twitter: https://twitter.com/ruhithere))