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Conference/Events
PowerFleet management to meet virtually with Barrington » 04:55
05/27/20
05/27
04:55
05/27/20
04:55
PWFL

PowerFleet

$5.00 /

+0.15 (+3.09%)

Virtual Meeting to be…

Virtual Meeting to be held on May 27 hosted by Barrington.

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PWFL PowerFleet
$5.00 /

+0.15 (+3.09%)

PWFL PowerFleet
$5.00 /

+0.15 (+3.09%)

05/04/20 B. Riley FBR
PowerFleet downgraded to Neutral, target cut to $4.75 at B. Riley FBR
05/04/20 B. Riley FBR
PowerFleet downgraded to Neutral from Buy at B. Riley FBR
03/30/20 Roth Capital
PowerFleet resumed with a Buy at Roth Capital
10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
PWFL PowerFleet
$5.00 /

+0.15 (+3.09%)

Tuesday
Conference/Events
PowerFleet management to meet virtually with Barrington » 11:31
05/26/20
05/26
11:31
05/26/20
11:31
PWFL

PowerFleet

$5.20 /

+0.35 (+7.22%)

Virtual Meeting to be…

Virtual Meeting to be held on May 27 hosted by Barrington.

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PWFL PowerFleet
$5.20 /

+0.35 (+7.22%)

PWFL PowerFleet
$5.20 /

+0.35 (+7.22%)

05/04/20 B. Riley FBR
PowerFleet downgraded to Neutral, target cut to $4.75 at B. Riley FBR
05/04/20 B. Riley FBR
PowerFleet downgraded to Neutral from Buy at B. Riley FBR
03/30/20 Roth Capital
PowerFleet resumed with a Buy at Roth Capital
10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
PWFL PowerFleet
$5.20 /

+0.35 (+7.22%)

Over a week ago
Earnings
PowerFleet reports Q1 EPS (16c), consensus (2c) » 08:06
05/14/20
05/14
08:06
05/14/20
08:06
PWFL

PowerFleet

$4.25 /

-0.315 (-6.90%)

Reports Q1 revenue…

Reports Q1 revenue $30.8M, consensus $31.19M. "Our uninterrupted operational execution in the first quarter is a testament to our organization's commitment to helping our customers and partners meet the increasing demands and challenges from the global COVID-19 pandemic," said CEO Chris Wolfe. "While we did see some orders get temporarily postponed in late March, which impacted our results in the period, we were still able to generate $30.8 million in total revenue, $17.6 million in high-margin, recurring and services revenue, and $2.8 million of operating cash flow, demonstrating our business model's resiliency. Recognizing the ongoing uncertainty from the COVID-19 crisis and its effects on the global economy, we enacted several precautionary measures to further ensure our business remains financially secure and our long-term viability remains intact. In March, we implemented a cost savings plan to reduce our operating costs and further optimize our organization. We expect that will begin to see the benefit of these cost saving initiatives starting in the second quarter. These proactive measures coupled with our solid cash and liquidity position give us confidence that we will not only weather this storm but come out stronger when the economy recovers. PowerFleet continues to provide the critical customer support during these times to enable our customers to react quickly and safely as they move critical cargo across the globe. Our technology is relied upon by global enterprises across the food distribution supply chain, including Walmart, Nestle, Proctor & Gamble, General Mills, Publix, and Kraft. These companies are the backbone of the U.S. and global food distribution supply chain and we are committed to supporting these critical operations at this time. While we have seen some orders temporarily being postponed, we have not had any significant cancellations, which keeps us cautiously optimistic about the deals in our pipeline. One notable win in our first quarter was the world's largest online retailer, who selected one of our forklift manufacturing partners to deploy our technology at several U.S. sites in the second quarter. We were also selected by one of the world's largest logistics companies to deploy our industrial mobility solutions in nearly all their U.S. facilities in the second half of 2020. We're seeing an equal amount of opportunities abroad as well, including a major 3,000-unit tender we won in South Africa and a similar-sized deal in Mexico. While these are encouraging trends, we do see the start of our second quarter being impacted by order postponements, but this may change as countries and states open up their economies in May. The proactive cost savings measures we've taken in the near-term will allow us to drive our business forward today and the resiliency in our business model and the secular growth drivers ensure that our business is positioned for growth in a post COVID-19 environment."

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PWFL PowerFleet
$4.25 /

-0.315 (-6.90%)

PWFL PowerFleet
$4.25 /

-0.315 (-6.90%)

05/04/20 B. Riley FBR
PowerFleet downgraded to Neutral, target cut to $4.75 at B. Riley FBR
05/04/20 B. Riley FBR
PowerFleet downgraded to Neutral from Buy at B. Riley FBR
03/30/20 Roth Capital
PowerFleet resumed with a Buy at Roth Capital
10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
PWFL PowerFleet
$4.25 /

-0.315 (-6.90%)

Downgrade
PowerFleet downgraded to Neutral, target cut to $4.75 at B. Riley FBR » 08:24
05/04/20
05/04
08:24
05/04/20
08:24
PWFL

PowerFleet

$4.71 /

-0.09 (-1.88%)

B. Riley FBR analyst Josh…

B. Riley FBR analyst Josh Nichols downgraded PowerFleet to Neutral from Buy with a price target of $4.75, down from $6.25. The analyst believes the company's hardware sales will be materially impacted by the developing COVID-19 pandemic. While the acquisition of Pointer marks a key transition for the company with improved scale, product demand is likely challenging, and integrating Pointer's global operations could be challenging with substantial foreign currency exposure, Nichols tells investors in a research note.

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PWFL PowerFleet
$4.71 /

-0.09 (-1.88%)

05/04/20 B. Riley FBR
PowerFleet downgraded to Neutral from Buy at B. Riley FBR
03/30/20 Roth Capital
PowerFleet resumed with a Buy at Roth Capital
10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
10/04/19 Canaccord
PowerFleet initiated with a Buy rating at Canaccord
Downgrade
PowerFleet downgraded to Neutral from Buy at B. Riley FBR » 05:46
05/04/20
05/04
05:46
05/04/20
05:46
PWFL

PowerFleet

$4.71 /

-0.09 (-1.88%)

B. Riley FBR analyst Josh…

B. Riley FBR analyst Josh Nichols downgraded PowerFleet to Neutral from Buy with a price target of $4.75, down from $6.25.

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PWFL PowerFleet
$4.71 /

-0.09 (-1.88%)

03/30/20 Roth Capital
PowerFleet resumed with a Buy at Roth Capital
10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
10/04/19 Canaccord
PowerFleet initiated with a Buy rating at Canaccord
Over a month ago
Initiation
PowerFleet resumed with a Buy at Roth Capital » 08:11
03/30/20
03/30
08:11
03/30/20
08:11
PWFL

PowerFleet

$3.27 /

-0.33 (-9.17%)

Roth Capital analyst…

Roth Capital analyst Scott Searle resumed coverage of PowerFleet with a Buy rating and $8 price target. The analyst believes PowerFleet offers a compelling IoT telematics solution that extends from the warehouse through the entire fleet and logistics channel. With a recurring near-term TAM of $2B-plus and a 15% long-term CAGR, Searle believes PowerFleet shares offer compelling value.

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PWFL PowerFleet
$3.27 /

-0.33 (-9.17%)

10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
10/04/19 Canaccord
PowerFleet initiated with a Buy rating at Canaccord
Hot Stocks
PowerFleet announces it is recognized as critical for COVID-19 response » 16:07
03/23/20
03/23
16:07
03/23/20
16:07
PWFL

PowerFleet

$2.62 /

-0.43 (-14.10%)

PowerFleet has recognized…

PowerFleet has recognized by the U.S. Department of Homeland Security as workers who provide essential critical infrastructure during the COVID-19 response. In Israel, PowerFleet's operations have also been designated as an essential service as it supports emergency responders and critical logistics infrastructure.

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PWFL PowerFleet
$2.62 /

-0.43 (-14.10%)

10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
10/04/19 Canaccord
PowerFleet initiated with a Buy rating at Canaccord
Earnings
PowerFleet reports Q4 EPS (18c), consensus 6c » 07:39
03/12/20
03/12
07:39
03/12/20
07:39
PWFL

PowerFleet

$5.49 /

-0.525 (-8.73%)

Reports Q4 revenue…

Reports Q4 revenue $35.1M, consensus $35.15M. "The fourth quarter was a strong finish to a transformational year for PowerFleet," said CEO Chris Wolfe. "As our results for the quarter demonstrated, we are beginning to recognize the material financial benefits as well as operational efficiencies and deal flow as a larger organization. This was highlighted by the record $35.1 million in total revenue, which was up 17% year-over-year on a pro forma basis, driven by solid contribution in high-margin recurring solutions and services revenue. We ended the quarter with approximately 550,000 mobile subscription units on our platform, putting us on track to meet our target of at least 600,000 mobile subscriber units by the end of 2020. Our powerful portfolio of solutions spanning the industrial, logistics and commercial vehicle industries continues to differentiate PowerFleet in the market. The best companies in the world continue to choose our mobility platforms and full end-to-end solutions to power their asset and fleet monitoring and management needs, and this was again validated in the fourth quarter. We secured several major new wins with leading transportation companies in our logistics business and had similar success in our industrial business, highlighted by multiple wins through our dealer channel. Our sales through Jungheinrich continue to build momentum, as we are seeing an increasing volume of orders secured in Europe. In our connected car business, we continued to execute on our program with Avis Budget Group and are in the process of bringing Pointer's products into the U.S. to pursue the class 1 through class 5 fleet management market. Along that line, the integration of Pointer is proceeding rapidly, with several milestones achieved in the first six months post-close, including the consolidation of our strategic and tactical plans and product roadmaps. The alignment of our sales and go-to-market motions are yielding early success, validating one of the core theses for the business combination. In addition to our growth and cross-selling initiatives, we've already eliminated duplicative corporate costs and have identified more than $3 million in supply chain savings that we expect to realize in 2020 as well as incremental cost savings expected in 2021 related to the platform consolidation currently underway. Today, we are a much stronger business with greater scale and resources, an industry-leading end-to-end IoT platform, significant cross-selling opportunities, and robust secular tailwinds working in our favor. Longer term, our vision of creating PowerFleet as a global IoT software and solutions provider is progressing, which we believe will generate significant shareholder value through global operational and financial scale, sustainable profitability and cash flow generation."

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PWFL PowerFleet
$5.49 /

-0.525 (-8.73%)

10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
10/04/19 Canaccord
PowerFleet initiated with a Buy rating at Canaccord
Over a quarter ago
Hot Stocks
Mobileye, Pointer collaborate to install traffic telematics units » 08:25
02/20/20
02/20
08:25
02/20/20
08:25
PWFL

PowerFleet

$7.99 /

+0.05 (+0.63%)

PowerFleet announced that…

PowerFleet announced that its subsidiary, Pointer, is working in tandem with Mobileye to install Pointer telematics units on traffic lights in the streets of Jerusalem. The negotiation follows the joint pilot between both companies. Pointer's telematics units transmit the status of the traffic light in real time to the Mobileye Autonomous Experimental Vehicles. The units enable direct communication between the traffic light and the vehicle and provide an additional data layer from the vehicle's sensors. Once installed on the traffic lights in Jerusalem, Pointer's telematics units will transmit the traffic light status every 0.4 seconds. Events will be recorded in real-time on the experimental vehicles in order to verify the traffic light color. The contact between both companies encompasses hundreds of telematics units and over 86,000 daily broadcasts.

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PWFL PowerFleet
$7.99 /

+0.05 (+0.63%)

10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
10/04/19 Canaccord
PowerFleet initiated with a Buy rating at Canaccord
Hot Stocks
Tropical Shipping selects PowerFleet for U.S., Caribbean chassis fleet » 08:29
02/18/20
02/18
08:29
02/18/20
08:29
PWFL

PowerFleet

$8.15 /

+0.16 (+2.00%)

PowerFleet has announced…

PowerFleet has announced a partnership with Tropical Shipping, a transportation company that services the Bahamas, Caribbean, South and Central America. Under the terms of the deal, PowerFleet will equip Tropical's entire U.S. chassis fleet with over 2,000 5G Compatible LTE LV-300 next generation asset visibility systems on existing chassis, as well as new builds.

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PWFL PowerFleet
$8.15 /

+0.16 (+2.00%)

10/04/19 Canaccord
PowerFleet contends in fleet management, initiated with a Buy at Canaccord
10/04/19 Canaccord
PowerFleet initiated with a Buy rating at Canaccord

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