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Why Samsara Stock Is Soaring Today

Why Samsara Stock Is Soaring Today

Shares of Samsara (NYSE: IOT), an Internet-of-Things (IoT) operations company, were skyrocketing today after the company easily beat analysts' top- and bottom-line consensus estimates in the fiscal third quarter, ended Oct. 29. Samsara's stock had spiked by 22% as of 11:18 a.m. ET. Samsara's revenue increased 49% from the year-ago quarter to $169.8 million and surpassed Wall Street's average estimate of $155.3 million.