Shares of SentinelOne Inc S were in the red in early trading on Wednesday, after the company reported mixed fiscal second-quarter results.
SentinelOne, Inc. (NYSE:S ) Q2 2025 Earnings Conference Call August 27, 2024 5:00 PM ET Company Participants Doug Clark - Vice President, Investor Relations Tomer Weingarten - Chief Executive Officer Dave Bernhardt - Chef Financial Officer Conference Call Participants Gabriela Borges - Goldman Sachs Brian Essex - JPMorgan Hamza Fodderwala - Morgan Stanley Saket Kalia - Barclays Shrenik Kothari - Baird John DiFucci - Guggenheim Rudy Kessinger - D.A. Davidson Peter Weed - Bernstein Brad Zelnick - Deutsche Bank Adam Tindle - Raymond James Gray Powell - BTIG Operator Good afternoon.
SentinelOne (S) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.08 per share a year ago.
SentinelOne reported Q2 earnings and revenue that topped estimates. The cybersecurity firm's guidance only met expectations.
SentinelOne raised its annual revenue forecast on Tuesday, anticipating new clients to turn to its cybersecurity products for safeguarding their digital operations amid growing online threats.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
There seems to be a lot of expectation that SentinelOne will benefit from customers who switch away from CrowdStrike. However, buying habits may be changing with the "platformization" of cybersecurity services. Also, a lot will depend on management updates concerning ARR during the second quarter of 2025 (FQ2) earnings call.
SentinelOne, Inc. to announce Q2 earnings before CrowdStrike Holdings next week, crucial to show resulting customer gains post the CrowdStrike outage. Growth in the Singularity platform is key for long-term growth, ARR growing at 35% y/y. Valuation shows SentinelOne trades at a discount compared to peers, potential 25-30% upside from current levels.
SentinelOne's (S) fiscal Q2 2025 performance benefits from its robust growth in the Singularity platform despite a challenging macroeconomic environment.
SentinelOne (NASDAQ: S) stock price has underperformed its peers in the cybersecurity industry as concerns about its growth continued. It has dropped by 12.5% in 2024, while Palo Alto Networks, Fortinet, and Check Point Software have soared by over 20%.
SentinelOne (S) closed at $24 in the latest trading session, marking a +1.05% move from the prior day.
SentinelOne's (S) strong prospects, driven by an expanding AI-powered portfolio, as well as a solid partner base, make it a long-term pick.