Welcome to our dedicated page for Samsara news (Ticker: IOT), a resource for investors and traders seeking the latest updates and insights on Samsara stock.
Samsara Inc. (NYSE: IOT) is a leading provider of the Connected Operations™ Cloud, an innovative platform that connects physical operations data to improve efficiency, safety, and sustainability. Samsara’s core solution integrates data from vehicles, assets, and equipment into a unified data platform, enabling organizations to gain actionable insights and streamline operations.
Headquartered in San Francisco, Samsara serves tens of thousands of customers across North America and Europe, including prominent names in construction, transportation, logistics, manufacturing, retail, field services, and the public sector. The company’s end-to-end solution leverages IoT data to offer unparalleled visibility and control over physical operations.
One of Samsara’s significant achievements is its integration with MapUp’s TollTally, a real-time toll billing solution. This collaboration automates toll billing and reimbursement, enhancing operational efficiency and reducing administrative burdens for fleet operators. TollTally's AI-driven, GPS-based toll tracking ensures accurate toll expenses management, making it a valuable addition to Samsara’s fleet management platform.
Samsara’s Connected Operations™ Cloud has been instrumental in helping organizations improve their operational performance. By consolidating data into a single platform, it provides the necessary insights for safer, more efficient, and sustainable operations. The company continues to innovate and expand its solutions to meet the evolving needs of its diverse customer base.
For more information on Samsara’s solutions and current projects, visit the Samsara website.
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Motive Technologies, Inc. files a lawsuit against Samsara Inc. for alleged patent infringement, theft of intellectual property, and false advertising. Motive claims Samsara copied its products and technology, poached key engineering leaders, and engaged in deceptive practices. Samsara's AI capabilities are questioned, and Motive seeks damages and the return of profits.
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Samsara Inc. (NYSE: IOT) will release its financial results for the fourth quarter of fiscal year 2024 on March 7, 2024, after the U.S. market closes. A live webcast to discuss the results will take place at 2:00 p.m. Pacific time (5:00 p.m. Eastern time). The webcast replay will be accessible from the Samsara investor relations website at investors.samsara.com.
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Samsara Inc. files a lawsuit against Motive Technologies, Inc. for patent infringement, false advertising, and illegal conduct. The lawsuit alleges that Motive stole core Samsara technologies, infringing three of Samsara’s patents. The allegations highlight that Motive’s CEO Shoaib Makani was personally involved in Motive’s conduct, along with other senior-level employees down to members of the Sales and Customer Support teams. Samsara’s Complaint asserts that Motive illegally accessed Samsara’s platform, copied Samsara’s marketing materials, and made unsubstantiated advertising statements.
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Samsara Inc. (NYSE: IOT) has been recognized as one of Glassdoor’s Best Places to Work in 2024, showcasing the company's commitment to fostering an exceptional work environment. Samsara employees ranked the company highly, with a rating of 4.5/5, CEO approval at 96%, and 91% recommending Samsara to a friend.
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Samsara Inc. (NYSE: IOT) has joined the California Bureau of Automotive Repair’s Continuous Testing Program (CTP) pilot to automate smog testing and reporting for government vehicles in California. Emissions and diagnostic data from Samsara can now be integrated with the California BAR to automate the smog reporting process, reducing downtime and managing compliance. The City of Ventura is currently participating in the CTP pilot, aiming to reduce downtime and run tests more effectively. Samsara's platform is helping pave the way to a cleaner tomorrow by streamlining the smog testing and reporting process for public sector fleets across the state.
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Roelofs Transport (RLOF) partners with Samsara to digitize and optimize its fleet operations, reducing processes by 95% and non-fault claims by 60%. The collaboration has led to improved safety, efficiency, and customer service, benefiting both the company and its customers.
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Samsara Inc. (NYSE: IOT) has been recognized as the 2023 Company of the Year for Commercial Telematics solutions by Frost & Sullivan. Samsara's Connected Operations Cloud, including the Vehicle Telematics application, Video-Based Safety, Equipment Monitoring, Apps & Driver Workflows, and Site Visibility applications, has been praised for its innovation and growth in the North American commercial telematics category. The company's comprehensive suite of products provides real-time vehicle location and diagnostics, mobile workflows for driver safety and compliance, and advanced insights to optimize dispatch, maintenance, and fuel and energy costs. Samsara's efforts have helped prevent vehicle crashes, digitize workflows, and process over 6 trillion data points, contributing to improved safety, efficiency, and sustainability of operations.
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Samsara Inc. (NYSE: IOT) announces a $75 million investment from the City of New Orleans to improve operations across 41 departments, aiming to enhance safety, efficiency, and sustainability. Samsara's technology will support the City's fleet of 2,800 vehicles and motorcycles, with a focus on proactive maintenance, driver safety, fuel efficiency, and faster communications. The partnership aims to maximize taxpayer dollars and increase service transparency for the City's 400K constituents and millions of visitors annually.
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Samsara Inc. (NYSE: IOT) reported a 40% year-over-year growth in Q3 revenue, reaching $237.5 million, and a 39% year-over-year growth in ending ARR, totaling $1.003 billion. The company's third-quarter fiscal year 2024 financial highlights included an increase in total revenue, GAAP and non-GAAP gross profit, and non-GAAP operating income. Samsara also provided a financial outlook for the fourth quarter and fiscal year 2024, projecting total revenue between $257 million and $259 million for Q4, and between $918 million and $920 million for the fiscal year, with year-over-year growth of 38% to 39%. The company expects a non-GAAP operating margin of 2% for Q4 and (1%) for the fiscal year, and non-GAAP net income per share, diluted, between $0.02 and $0.03 for Q4, and between $0.05 and $0.06 for the fiscal year.
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Samsara Inc. (NYSE: IOT) Announces Launch of Theft Prevention and Efficiency Solutions for Mexican Transportation and Logistics Sector
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FAQ
What is the current stock price of Samsara (IOT)?
The current stock price of Samsara (IOT) is $56.35 as of November 22, 2024.
What is the market cap of Samsara (IOT)?
The market cap of Samsara (IOT) is approximately 31.2B.
What is Samsara Inc. known for?
Samsara Inc. is known for its Connected Operations™ Cloud, which helps organizations integrate and analyze IoT data to improve operational efficiency, safety, and sustainability.
Where is Samsara Inc. headquartered?
Samsara Inc. is headquartered in San Francisco, California.
What industries does Samsara serve?
Samsara serves various industries including construction, transportation, logistics, manufacturing, retail, field services, and the public sector.
What recent partnerships has Samsara entered?
Samsara recently partnered with MapUp to integrate the TollTally toll billing solution into its platform, offering automated toll expense management for fleet operators.
How does the Connected Operations™ Cloud benefit organizations?
The Connected Operations™ Cloud helps organizations by consolidating data from vehicles, assets, and equipment into one platform, providing insights to enhance safety, efficiency, and sustainability.
What is TollTally?
TollTally is a real-time toll billing solution from MapUp that integrates with Samsara's platform to automate toll billing and reimbursements, improving operational efficiency for fleet operators.
How extensive is Samsara's customer base?
Samsara serves tens of thousands of customers across North America and Europe, including some of the world's leading organizations in various sectors.
What is the mission of Samsara Inc.?
Samsara’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.
Can you provide an example of Samsara's impact on operations?
One example is Samsara's integration with TollTally, which automates toll billing, thereby reducing administrative tasks and enhancing fleet management efficiency.
Where can I find more information on Samsara's solutions?
You can find more information on Samsara's solutions by visiting their official website at www.samsara.com.
Samsara Inc.
NYSE:IOT
IOT Rankings
IOT Stock Data
31.16B
215.54M
3.9%
95.21%
2.35%
Software - Infrastructure
Services-computer Integrated Systems Design
United States of America
SAN FRANCISCO