SAP sued by o9 Solutions over alleged trade secret theft
Investing.com - William Blair has reiterated an Outperform rating on PowerFleet, Inc (NASDAQ:AIOT) following the company’s second-quarter results, which showed notable revenue and EBITDA outperformance. Currently trading at $5.13, the company reported $67.25 million in EBITDA and achieved impressive 119.8% revenue growth over the last twelve months.
The firm highlighted PowerFleet’s broad-based business strength and accelerating pipeline momentum, with a 26% sequential improvement in new logo growth and 21% increase in sequential bookings during the quarter. InvestingPro data shows the company is expected to become profitable this fiscal year, with analysts forecasting EPS of $0.06 for FY2026.
PowerFleet achieved 12% organic services growth in the period, reaching management’s double-digit target approximately two quarters ahead of plan, according to William Blair.
Despite strong results, management effectively maintained its EBITDA growth outlook, suggesting greater incremental reinvestment in the business to capitalize on growth opportunities and sustain organic top-line acceleration.
William Blair noted that with most integration risks behind the company and shares trading at approximately 8 times calendar 2026 EBITDA estimates, PowerFleet presents an attractive risk/reward profile as it continues to trend toward a Rule-of-40 financial profile.
In other recent news, Powerfleet, Inc. has announced the appointment of Jeff Lautenbach as its new Chief Revenue Officer. Lautenbach will oversee the company’s global revenue operations and lead strategies across direct and indirect sales channels. He brings significant experience, having led global revenue organizations generating up to $500 million in annual recurring revenue. Additionally, Powerfleet has formed a new partnership with MTN Business South Africa to expand its AIoT solutions. This collaboration aims to deliver real-time data intelligence across supply chain operations by combining Powerfleet’s Unity AIoT platform with MTN’s network infrastructure. MTN Business South Africa is a part of the MTN Group, which operates in 16 markets and has an annual revenue of $7.4 billion. These developments reflect Powerfleet’s strategic moves to enhance its market presence and operational capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.