Samsara up after strong annual revenue forecast

Samsara (Pre-Reincorporation)

30/11/2023 21:29

** Shares of software company Samsara  IOT.N   up 12.6% at
$31.00 in aftermarket trading 
    ** Co forecasts FY24 revenue above estimates and beats Wall
Street expectation for Q3 
    ** Co expects FY24 revenue in the range $918 to $920 mln
above analysts' estimates of $898.76 mln - LSEG
    ** Posts Q3 revenue of $237.5 mln vs analysts' estimates of
224.7 mln - LSEG
    ** Seven of 13 brokerages rate the stock "buy" or higher and
6 "hold"; their median PT is $30 - LSEG
    ** As of last close, stock has more than doubled YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))