AIOT

Over the past six months, PowerFleet's stock price declined by 46.72%, from $5.33 on October 1, 2025, to $2.84 on September 30, 2026. Key events impacting the stock include the reporting of strong Q4 and fiscal 2026 results in June 2026, which showed an 11% increase in Q4 revenue and a 22% increase in fiscal 2026 revenue, alongside significant Adjusted EBITDA growth. In June 2026, the company also announced a new $30 million stock repurchase program, authorizing buybacks over the next 24 months. In August 2026, PowerFleet reported Q1 fiscal 2027 revenue of $110.8 million, a 6.4% year-over-year increase, but lowered its full-year fiscal 2027 revenue guidance due to a strategic shift from lower-margin product revenue to higher-margin SaaS revenue from a South African National Treasury contract and a temporary hardware bottleneck in Q1 FY27. Additionally, analysts trimmed their 12-month price target on PowerFleet, citing Q4 results ahead of expectations, a refined long-term outlook, and stronger visibility around subscription services growth and other solutions.