Powerfleet, Inc. shares surge 9.69% intraday after reporting 38% revenue growth and new partnership with MTN Business.

Powerfleet, Inc. surged 9.69% intraday, driven by a 38% year-over-year increase in first-quarter revenue for the 2026 fiscal year, exceeding market expectations, and a new partnership with MTN Business to expand into the African market using its AIoT data solutions.