PowerFleet, Inc. (PWFL)

NASDAQ: PWFL · IEX Real-Time Price · USD
3.050
+0.060 (2.01%)
At close: Feb 26, 2024, 4:00 PM
3.110
+0.060 (1.97%)
After-hours: Feb 26, 2024, 7:32 PM EST
2.01%
Market Cap 111.27M
Revenue (ttm) 132.20M
Net Income (ttm) -8.66M
Shares Out 37.21M
EPS (ttm) -0.24
PE Ratio n/a
Forward PE 27.17
Dividend n/a
Ex-Dividend Date n/a
Volume 57,370
Open 2.970
Previous Close 2.990
Day's Range 2.932 - 3.100
52-Week Range 1.640 - 3.490
Beta 1.67
Analysts Strong Buy
Price Target 6.50 (+113.12%)
Earnings Date Mar 7, 2024

About PWFL

PowerFleet, Inc. provides wireless Internet-of-Things (IoT) asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise manag... [Read more]

Sector Technology
CEO Steve Towe
Employees 795
Stock Exchange NASDAQ
Ticker Symbol PWFL
Full Company Profile

Financial Performance

In 2022, PowerFleet's revenue was $135.16 million, an increase of 7.09% compared to the previous year's $126.21 million. Losses were -$11.91 million, -34.12% less than in 2021.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for PWFL stock is "Strong Buy." The 12-month stock price forecast is $6.5, which is an increase of 113.12% from the latest price.

Price Target
$6.5
(113.12% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Powerfleet and MiX Telematics Announce Shareholders Meetings to Vote on Proposed Business Combination

Completion of Regulatory Milestones Results in Scheduled Shareholders Meetings WOODCLIFF LAKE, N.J. , Jan. 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MI...

Other symbols: MIXT
27 days ago - PRNewsWire

Powerfleet Launches AI-Powered Solution to Revolutionize Pedestrian Safety

The Pedestrian Proximity Detection offering meets growing demand to create safer workplaces worldwide WOODCLIFF LAKE, N.J. , Dec. 7, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today launched...

2 months ago - PRNewsWire

Powerfleet Named a Top Innovator by ABI Research

ABI Research released commercial video telematics report recognizing Powerfleet for its innovation WOODCLIFF LAKE, N.J. , Dec. 5, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today announced i...

2 months ago - PRNewsWire

MiX Telematics and Powerfleet to Present at the Raymond James TMT and Consumer Conference on December 5, 2023

BOCA RATON, Fla. & WOODCLIFF LAKE, N.J.--(BUSINESS WIRE)--MiX Telematics Limited (NYSE: MIXT, JSE: MIX) and Powerfleet (Nasdaq: PWFL) announced that they will be presenting at the Raymond James TMT an...

Other symbols: MIXT
3 months ago - Business Wire

Powerfleet Reports Third Quarter and Nine Month 2023 Financial Results

Q3 2023 total revenue increased 7% sequentially to $34.2 million, marking the highest revenue performance in four quarters Company's SaaS-centric business model transformation continues at pace with h...

3 months ago - PRNewsWire

Powerfleet Joins U.S. Department of Transportation Effort to Improve Road Safety

National campaign is aimed at developing solutions to reduce serious injuries and create a future with zero roadway fatalities WOODCLIFF LAKE, N.J. , Nov. 2, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nas...

4 months ago - PRNewsWire

Powerfleet Sets Third Quarter 2023 Conference Call for Thursday, November 9, 2023 at 8:30 a.m. ET

WOODCLIFF LAKE, N.J. , Oct. 31, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL), will hold a conference call on Thursday, November 9, 2023 at 8:30 a.m.

4 months ago - PRNewsWire

Powerfleet and MiX Telematics to Host Joint Investor Day on November 16, 2023

WOODCLIFF LAKE, N.J. , Oct. 30, 2023 /PRNewswire/ -- PowerFleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) will host a joint Investor Day with financial analysts and instit...

Other symbols: MIXT
4 months ago - PRNewsWire

Keller North America Delivers on Brand Promise with Powerfleet

Data insights from IoT devices and SaaS platform for fleet management strengthens business operations for world-renowned construction contractor WOODCLIFF LAKE, N.J. , Oct. 24, 2023 /PRNewswire/ -- Ke...

4 months ago - PRNewsWire

POWERFLEET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of PowerFleet, Inc. - PWFL

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of PowerFleet, In...

Other symbols: MIXT
4 months ago - Business Wire

PWFL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of PowerFleet, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of PowerFleet, Inc. (NASDAQ: PWFL) and MiX Telematics Limited is fair to PowerFleet shareh...

4 months ago - Business Wire

Powerfleet and MiX Telematics Announce Transformative Business Combination

Combination Expected to Create Top-Tier Global Provider in Mobile Asset IoT Industry with Unparalleled Artificial Intelligence Enhanced SaaS Solution Portfolio ~1.7 Million Combined Subscriber Base Ex...

Other symbols: MIXT
4 months ago - PRNewsWire

Powerfleet Reports Second Quarter and First Half 2023 Financial Results

Strong Growth in High Margin SaaS Revenues with Company Positioned for Accelerated Growth in Second Half of 2023 Second Quarter 2023 Service Revenue was 66% of Total Revenue, up from 57% in the Prior ...

7 months ago - GlobeNewsWire

Powerfleet Sets Second Quarter 2023 Conference Call for Tuesday, August 8, 2023 at 8:30 a.m. ET

WOODCLIFF LAKE, N.J., July 31, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), will hold a conference call on Tuesday, August 8, 2023 at 8:30 a.m. Eastern (5:30 a.m. Pacific) to discuss resu...

7 months ago - GlobeNewsWire

Powerfleet Unveils Sustainability Data-Powered Application

New data visualization solution drives corporate ESG initiatives by unifying business operations and powering the electrification of fleets New data visualization solution drives corporate ESG initiat...

8 months ago - GlobeNewsWire

Powerfleet Reports First Quarter 2023 Financial Results

Total GAAP Services Revenue Grows 9%, Increasing to 62% of Total Revenue and up 17% YoY on a Constant Currency Basis

10 months ago - GlobeNewsWire

New Data-Powered Safety and Security Application from Powerfleet to Save Lives, Time, and Money for Fleets Worldwide

Solution brings together multiple data sources to enhance driver management, prevent theft, and features first-of-its-kind collision reconstruction capabilities Solution brings together multiple data ...

11 months ago - GlobeNewsWire

Powerfleet Reports Full Year 2022 and Fourth Quarter Financial Results

WOODCLIFF LAKE, N.J., March 09, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performan...

1 year ago - GlobeNewsWire

Powerfleet to Acquire Leading Insurance Telematics and Sustainable Mobility Solutions Provider Movingdots from Swiss Re

Powerful combination to enhance Powerfleet's fleet intelligence platform with industry-leading Insurance telematics and sustainability solutions Powerful combination to enhance Powerfleet's fleet inte...

1 year ago - GlobeNewsWire

Powerfleet Sets Fourth Quarter and Full Year 2022 Conference Call for Thursday, March 9, 2023 at 8:30 a.m. ET

WOODCLIFF LAKE, N.J., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL) will hold a conference call on Thursday, March 9, 2023 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to dis...

1 year ago - GlobeNewsWire

Energisa Taps Full Potential of Powerfleet's Unity Platform for Driver Safety and Economic Excellence

Powerfleet's data insights empower digital transformation and fleet management evolution for Energisa Powerfleet's data insights empower digital transformation and fleet management evolution for Energ...

1 year ago - GlobeNewsWire

Powerfleet Appoints Seasoned Executive David Wilson as Chief Financial Officer

WOODCLIFF LAKE, N.J., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performanc...

1 year ago - GlobeNewsWire

Powerfleet Names Offer Lehmann as Chief Operating Officer

WOODCLIFF LAKE, N.J., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performanc...

1 year ago - GlobeNewsWire

Powerfleet Expands Personal Safety IoT Marketplace Through Partnership with ClickNow

WOODCLIFF LAKE, N.J., Nov. 11, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performanc...

1 year ago - GlobeNewsWire

Powerfleet Reports Third Quarter 2022 Financial Results

WOODCLIFF LAKE, N. J. , Nov. 08, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) Software-as-a-Service (SaaS) solutions that optimize the performa...

1 year ago - GlobeNewsWire