** Shares of software co Samsara IOT.N down 10.4% to seven-mth low $37.51 early Fri after Q4 results topped Wall Street's expectations, and forecasts in line with consensus

** IOT shares tracking biggest one-day pct drop since Jun 7

** San Franscisco-based co, which offers GPS fleet tracking and wifi hotspot services, late Thurs posted Q4 rev and adj EPS above analysts' expectations

** For current qtr, it projected rev of $350-$352 mln and 5-6 cents/sh in adj earnings. LSEG estimates were $351 mln and 5 cents/sh

** Its full-year fiscal 2026 rev guidance of $1.52-$1.53 bln also came in near Street view of $1.53 bln

** Several brokerages cut their PTs, including Wells Fargo ($51 from $55) and Truist ($42 from $50)

** Truist, which rates IOT "hold', said it's encouraged by co's traction with large customers and strong new logo and expansion metrics, but cautions that "comps get tougher in FY26"

** Avg rating among 19 brokerages is "buy"

** With move on the session, stock down ~14% YTD after 31% rise in 2024

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))