SentinelOne Earnings Beat Estimates, Stock Falls On Outlook
SentinelOne (S) on Tuesday reported a smaller-than-expected loss for the fourth quarter while revenue edged by Wall Street targets. The cybersecurity firm's revenue outlook for SentinelOne stock merely met expectations. X For the quarter ending Jan. 31, Mountain View, Calif.-based SentinelOne reported an adjusted loss of 13 cents a share vs. a 17-cent loss a year earlier. In the SentinelOne earnings report, revenue rose 92% to $126.1 million. Analysts expected SentinelOne to report revenue of $124.7 million and a loss of 16 cents a share. Annual recurring revenue from subscription-based services rose 88% to $548.7 million versus estimates of $545.7 million. SentinelOne Stock Guidance For the current quarter ending in April, SentinelOne predicted revenue of $137 million, in line with estimates. SentinelOne earnings were released after the market close Tuesday. Shares fell 2.8% to near 14 in extended trading on the stock market today. SentinelOne stock had retreated nearly 4% in 2022. The cybersecurity firm's software detects malware on laptops, mobile phones and other "endpoints" that access corporate networks. Also, it's building a broad, threat-detection cybersecurity platform. Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing. YOU MIGHT ALSO LIKE: OpenAI Launches Multimodal GPT-4, Adding To Growing Buzz Over AI Stocks IBD's Premium Stock Lists, Tools And Analysis Learn How To Time The Market With IBD's ETF Market Strategy IBD Live: A New Tool For Daily Stock Market Analysis Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader The post SentinelOne Earnings Beat Estimates, Stock Falls On Outlook appeared first on Investor's Business Daily.
SentinelOne (S) on Tuesday reported a smaller-than-expected loss for the fourth quarter while revenue edged by Wall Street targets. The cybersecurity firm's revenue outlook for SentinelOne stock merely met expectations. X
For the quarter ending Jan. 31, Mountain View, Calif.-based SentinelOne reported an adjusted loss of 13 cents a share vs. a 17-cent loss a year earlier. In the SentinelOne earnings report, revenue rose 92% to $126.1 million.
Analysts expected SentinelOne to report revenue of $124.7 million and a loss of 16 cents a share.
Annual recurring revenue from subscription-based services rose 88% to $548.7 million versus estimates of $545.7 million. SentinelOne Stock Guidance
For the current quarter ending in April, SentinelOne predicted revenue of $137 million, in line with estimates.
SentinelOne earnings were released after the market close Tuesday. Shares fell 2.8% to near 14 in extended trading on the stock market today. SentinelOne stock had retreated nearly 4% in 2022.
The cybersecurity firm's software detects malware on laptops, mobile phones and other "endpoints" that access corporate networks. Also, it's building a broad, threat-detection cybersecurity platform.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.
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OpenAI Launches Multimodal GPT-4, Adding To Growing Buzz Over AI Stocks
IBD's Premium Stock Lists, Tools And Analysis
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Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader
The post SentinelOne Earnings Beat Estimates, Stock Falls On Outlook appeared first on Investor's Business Daily.
