Samsara Stock Slips as Its AI Data-Moat Story Faces a June Earnings Test
Samsara Inc. shares dropped 4.6% to $28.73 in early U.S. trading Friday, valuing the company at $16.8 billion. The fleet-software firm launched the Samsara Driver Cup, a competition using real-world driving data, as it heads toward its June 4 earnings report. In March, Samsara reported $444.3 million in quarterly revenue, up 28% year-over-year.