SentinelOne Drops 4% on Weak Outlook, While Q4 Results Beat Estimates

SentinelOne Drops 4% on Weak Outlook, While Q4 Results Beat Estimates March 15, 2024, 2:04 p.m., readers: 7

SentinelOne (NYSE:S) saw its shares decline more than 4% intra-day today, as its forecast for the full year fell short of expectations, overshadowing its fourth-quarter earnings that exceeded both revenue and earnings estimates amid heightened demand for cybersecurity driven by the artificial intelligence boom. The company reported an adjusted loss per share of $0.02 on revenue of $174.2 million for the quarter, outperforming the anticipated loss of $0.04 per share and revenue of $169.3 million. Annualized recurring revenue (ARR) surged 39% year-over-year to $724.4 million. For the forthcoming first quarter, SentinelOne anticipates revenue of around $181 million. The company's full-year revenue guidance is set between $812 million and $818 million, which is in line with expectations for the first quarter but below the full-year forecast of $818.1 million.

About NYSE: S

S entinelOne, Inc. operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform. Its Singularity XDR Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints;

Price: 20.89
Market cap: 6.5 billion USD
Eps: -1.15
P/e ratio: -18.17
Focus Analysis On: S