PowerFleet introduces SafeGuard, an AI-powered fleet risk solution, alongside a $30M stock repurchase program set to run through July 2026.
PowerFleet (NASDAQ:AIOT) unveiled SafeGuard, an AI-driven risk intelligence tool for fleet drivers, on July 1, 2026. The solution integrates with Powerfleet’s VisionAI video platform to monitor driver behavior in real time, reducing on-road risk by up to 83% and cutting false alerts by 95%.
The company also announced a $30M stock repurchase program, authorized for 24 months. Earlier, Raymond James adjusted its price target on PowerFleet to $7 from $8 while maintaining an Outperform rating, citing strong Q4 results and an improved FY27 outlook.
SafeGuard’s launch targets fleet operators seeking efficiency gains, with reported reductions in video review time by 80%. The tool focuses on high-risk behaviors, enabling proactive coaching and intervention.