Why Samsara Stock Sank Today
Samsara (NYSE: IOT) stock saw a substantial valuation pullback in Friday's trading. The company's share price closed out the daily session down 4.6% and had been down as much as 12% earlier in the day's trading.Despite a trading backdrop that saw the S&P 500 rise 1% in the session, the quarterly report that Samsara published yesterday prompted a big pullback for the stock. The company actually delivered first-quarter sales and earnings that beat the market's expectations, but its forward guidance underwhelmed the market.Image source: Getty Images.Continue reading
Samsara (NYSE: IOT) stock saw a substantial valuation pullback in Friday's trading. The company's share price closed out the daily session down 4.6% and had been down as much as 12% earlier in the day's trading.
Despite a trading backdrop that saw the S&P 500 rise 1% in the session, the quarterly report that Samsara published yesterday prompted a big pullback for the stock. The company actually delivered first-quarter sales and earnings that beat the market's expectations, but its forward guidance underwhelmed the market.
Image source: Getty Images.
