By Stephen Nakrosis
Shares of Samsara touched a 52-week high on Friday, a day after the company reported first-quarter financial results and offered guidance for the second quarter and full year.
At 1:56 p.m. ET, the company’s stock was trading 30% higher, at $24.78 a share. Volume at the time topped 15.7 million shares, above the stock’s 65-day average volume of about 3.4 million.
Earlier in the session, the stock hit a 52-week high of $25.05 a share.
After the bell Thursday, the cloud company reported a first-quarter loss per share of 13 cents on revenue of $204.3 million.
The company said it was expecting second-quarter revenue in a range of $206 million to $208 million and full year 2023 revenue in a range of $866 million to $874 million.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
Read the full article here