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Why Samsara Stock Is Soaring Today

TheMotleyFool

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Ending yesterday's trading session at $40.71, Samsara (NYSE: IOT) stock closed at its highest level since early November. Today, however, the Internet of Things (IoT) stock is poised to exceed Thursday's performance. With the company's reporting of strong financial results after the bell rang yesterday, investors are finding plenty of cause to bid the stock higher. Analysts presenting increasingly bullish outlooks on Samsara's stock are also contributing to the buying activity.

As of 10:50 a.m. ET, shares of Samsara are up 14.5%.

Image source: Getty Images.

Source Fool.com

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