Samsara slides after Q4 beat, in line guidance

Shares of software co Samsara IOT.N down 10.4% to seven-mth low $37.51 early Fri after Q4 results topped Wall Street's expectations, and forecasts in line with consensus

IOT shares tracking biggest one-day pct drop since Jun 7

San Franscisco-based co, which offers GPS fleet tracking and wifi hotspot services, late Thurs posted Q4 rev and adj EPS above analysts' expectations

For current qtr, it projected rev of $350-$352 mln and 5-6 cents/sh in adj earnings. LSEG estimates were $351 mln and 5 cents/sh

Its full-year fiscal 2026 rev guidance of $1.52-$1.53 bln also came in near Street view of $1.53 bln

Several brokerages cut their PTs, including Wells Fargo ($51 from $55) and Truist ($42 from $50)

Truist, which rates IOT "hold', said it's encouraged by co's traction with large customers and strong new logo and expansion metrics, but cautions that "comps get tougher in FY26"

Avg rating among 19 brokerages is "buy"

With move on the session, stock down ~14% YTD after 31% rise in 2024