Samsara Stock Plunges 34% in a Month: Should Investors Buy the Dip?

Samsara (IOT) shares have dropped 33.8% over the past month, significantly underperforming the broader Zacks Computer and Technology sector’s decline of 11.2%.IOT has also underperformed the Zacks Internet - Software industry and peers like Arista Networks (ANET) and Blend Labs (BLND) . In the past month, Arista Networks and Blend Labs have seen declines of 18.1% and 10.3%, respectively, whereas the industry has fallen 14.6%.Samsara’s share price decrease can be attributed to higher spending on sales and ma ...