PowerFleet is Finally an Affordable Alternative to Samsara in the IoT Sector
Growth rates are expected to remain above 20% in the long term
By 2026, there will be black figures, and the expected P/E ratio for 2026 at under 24 is attractive
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PowerFleet (AIOT) combines data collected from sensors on people, assets, or IoT devices and can analyze this data using AI-backed insights on the Unity platform for operational optimizations. The company increasingly sees itself as a direct competitor to Samsara (IOT) in its investor presentations. However, Samsara is significantly more expensive with a P/S ratio of 25 compared to PowerFleet's approximately 3. With the acquisition of Fleet Complete, the subscriber base expands to 2.6 million, and especially medium-sized customers, who currently...
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