PowerFleet, Inc. - Common Stock (AIOT) is currently showing a bullish headline tone with a mixed / range backdrop. The latest news flow is being framed here as context rather than prediction, so beginners can quickly see whether headlines are helping, hurting, or complicating the chart story. Earnings tone is currently mixed earnings tone.
PERTH, Australia--(BUSINESS WIRE)--Powerfleet launches SafeGuard in Australia, AI-powered risk intelligence helping safety teams identify and act on driver risk in real time.
WOODCLIFF LAKE, N.J., June 30, 2026 /PRNewswire/ -- Powerfleet, Inc. (the "Company") (Nasdaq: AIOT), a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, announced that its board of directors has approved a stock repurchase program, authorizing the Company to repurchase, from time to time, up to an aggregate of $30 million of the Company's common stock over the next 24 months.
PowerFleet is rated a Buy at $4, driven by scale from recent M&A, a robust Unity platform, and accelerating large enterprise wins. AIOT now generates over 80% recurring, high-margin service revenue, with gross margin expanding to 56.5% and significant operating leverage materializing. FY27 guidance targets $485M–$490M revenue (~10% growth), $122M–$125M adjusted EBITDA (~27% growth), and $30M–$35M free cash flow, with leverage expected below 2x.
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U.S. stocks were lower, with the Nasdaq Composite falling around 200 points on Wednesday.
Powerfleet's Q4 call pointed to a fiscal 2027 growth push built on margin expansion, cash generation, South Africa rollout and enterprise deployments.
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