We recently compiled a list of the 10 Stocks Trade Weaker on Disappointing News. In this article, we are going to take a look at where Samsara Inc. (NYSE:IOT) stands against the other stocks.

Wall Street finished the trading week on a strong note, with all major indices recording gains as investors digested the latest US jobs data, which fell short of expectations.

The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.

Ten companies across mixed sectors bucked a wider market optimism, ending Friday in the red territory. In this article, we have listed the 10 worst-performing names and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A data analyst wearing virtual reality goggles while analyzing on-board telematics.

Samsara Inc. (NYSE:IOT)

Samsara Inc. (NYSE:IOT) fell for a fifth straight day on Friday, slashing 15.57 percent to end at $35.36 apiece as investor sentiment was dampened by weak outlook guidance, shunning impressive earnings performance during the last quarter.

For the fiscal year 2026, Samsara Inc. (NYSE:IOT) said it expects revenues to settle between $1.523 billion and $1.533 billion, with the midpoint falling just shy of the $1.53 billion as expected by analysts.

For the last quarter, Samsara Inc. (NYSE:IOT) narrowed its net loss by 90 percent to $11.2 million from $113 million year-on-year, while revenues rose by 25 percent to $346 million from $276 million.

During the fiscal year ending February 1, 2025, net loss narrowed by 46 percent to $154.9 million from $287 million, while revenues grew 33 percent to $1.25 billion from $937 million year-on-year.

Overall IOT ranks 1st on our list of Friday's worst performers. While we acknowledge the potential of IOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IOT but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

 

Disclosure: None. This article is originally published at Insider Monkey.