PowerFleet stock fell 4.0 percent to USD 2.39, 4.4 percent above its low

Published on 10/17/2026 at 21:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was USD 110.79 million in first-quarter 2027. PowerFleet stock closed at USD 2.39 on October 16, 2026, down 4.02 percent versus Nasdaq's USD 2.49 close.

Price move and reporting date

PowerFleet stock closed 4.02 percent lower at USD 2.39 on October 16, 2026.
First-quarter 2027 revenue reached USD 110.79 million versus USD 115.54 million consensus.
PowerFleet stock cost USD 2.39 on October 16, 2026 at 4:00 p.m. ET, down 4.02 percent versus the Nasdaq prior close of USD 2.49.
Powerfleet is estimated to report second-quarter 2027 results on November 9, 2026.

AIOT, US73931J1097, Illustration mit AI erstellt.

PowerFleet stock closed at USD 2.39 on October 16, 2026, down 4.02 percent from the Nasdaq prior close of USD 2.49. The move placed the shares 4.37 percent above their 52-week low of USD 2.29.

MarketBeat reported on October 14, 2026 that Zacks Research upgraded PowerFleet from strong sell to hold. The article also cited an average analyst target of USD 7.40 and six analyst ratings, comprising three Buys, two Holds and one Sell.

Revenue sets the next comparison

Powerfleet reported revenue of USD 110.79 million for the first quarter of fiscal 2027, ended June 30, 2026. That result was below the USD 115.54 million consensus estimate cited by MarketBeat. Net loss for the quarter was USD 8.26 million, or USD 0.06 per diluted share, according to the quarterly financial figures.

The company describes its business as artificial intelligence of things software-as-a-service for mobile assets. Its platform combines data from vehicles, equipment, people and enterprise systems to support safety, compliance and operating efficiency, according to Powerfleet.

What comes before the next report?

MarketBeat estimates that Powerfleet will report second-quarter 2027 results on November 9, 2026, before the Nasdaq open. Its cited consensus calls for USD 114.92 million in revenue and a loss of USD 0.02 per share.

Comparison with peers

AIOT (Nasdaq, USD): minus 4.02 percent, P/E minus 17.43, market capitalization USD 320.8 million
BlackSky Technology (Nasdaq, USD): minus 6.12 percent, P/E minus 9.49, market capitalization USD 708.8 million
BigBear.ai Holdings (NYSE, USD): minus 7.30 percent, P/E minus 10.29, market capitalization USD 1.0 billion

Powerfleet price position

Powerfleet's October 16 close sat at USD 2.39, with the day's move measured against the USD 2.49 Nasdaq prior close. The stock's 52-week range was USD 2.29 to USD 5.88, while trading volume reached 2,738,120 shares against an average of 1,785,321.

Market capitalization stood at USD 320.8 million on October 16, 2026. The trailing price-to-earnings ratio was minus 17.43, and the company reported no dividend yield. The next scheduled reporting date is November 9, 2026.

Powerfleet was last at USD 2.39 on the Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 4.02 percent versus the Nasdaq prior close of USD 2.49.