Samsara (IOT) stock plunged 14% out of the gate Friday even after cloud company beat analysts' top- and bottom-line expectations for its fiscal first quarter and raised its full-year outlook.
In the three months ended May 4, Samsara saw its revenue increase 37.4% year-over-year to $280.7 million, while its ending annual recurring revenue (ARR) jumped 37.3% to reach $1.2 billion. Earnings came in at 3 cents per share, up from a loss of 2 cents per share in the year-ago period.
