Samsara: Quarterly Results with over 30% Revenue Growth Provide Support for the Stock.

The stock of Samsara (IOT) can break free from its constraints after the quarterly results released on Thursday evening (September 4). Samsara operates a subscription-based business model that sells IoT hardware (sensors, cameras, gateways) and a cloud-based software platform for connected physical operations. Customers usually pay annual subscriptions for software and platform access, while the hardware is generally sold as a one-time purchase. The business model is focused on recurring revenues (subscription) and serves heavy industry, transportation,...