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SentinelOne Posts Q2 Beat, 6 Analysts Cite Benefits Of CrowdStrike Customer Churn: 'Outage Was A Net Positive'
Benzinga· 2024-08-28 15:57
Shares of SentinelOne Inc S were in the red in early trading on Wednesday, after the company reported mixed fiscal second-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.DA Davidson analyst Rudy Kessinger reiterated a Neutral rating, while raising the price target from $18.50 to $23.Scotiabank analyst Patrick Colville maintained a Sector Perform rating, while lifting the price target from $18 to $25.Needham analyst Alex Henderson reaffir ...
SentinelOne(S) - 2025 Q2 - Earnings Call Transcript
2024-08-28 01:16
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 ...
SentinelOne (S) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-27 22:26
Earnings Performance - SentinelOne reported quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share, representing a 200% earnings surprise [1] - The company's earnings improved significantly compared to a loss of $0.08 per share in the same quarter last year [1] - Over the last four quarters, SentinelOne has consistently surpassed consensus EPS estimates [1] Revenue Growth - SentinelOne posted revenues of $198.94 million for the quarter ended July 2024, exceeding the Zacks Consensus Estimate by 0.98% [1] - This represents a 33.1% year-over-year increase from $149.42 million in the same quarter last year [1] - The company has topped consensus revenue estimates in each of the last four quarters [1] Stock Performance and Market Comparison - SentinelOne shares have declined approximately 9.3% year-to-date, underperforming the S&P 500's 17.8% gain [2] - The company's stock is expected to perform in line with the market in the near future, with a Zacks Rank 3 (Hold) rating [4] Future Outlook and Industry Context - The current consensus EPS estimate for the coming quarter is $0.01 on $207.99 million in revenues [4] - For the current fiscal year, the consensus EPS estimate is $0.03 on $811.41 million in revenues [4] - The Computers - IT Services industry ranks in the top 20% of Zacks industries, with the top 50% outperforming the bottom 50% by more than 2 to 1 [5] Peer Comparison - SecureWorks, another company in the same industry, is expected to report quarterly earnings of $0.01 per share, representing a 110% year-over-year increase [5] - SecureWorks' revenues are projected at $80.98 million, a 12.9% decline from the year-ago quarter [6]
SentinelOne(S) - 2025 Q2 - Quarterly Results
2024-08-27 20:16
SentinelOne Announces Second Quarter Fiscal Year 2025 Financial Results Revenue increased 33% year-over-year ARR up 32% year-over-year MOUNTAIN VIEW, Calif. August 27, 2024 SentinelOne, Inc. (NYSE: S) today announced financial results for the second quarter of fiscal year 2025 ended July 31, 2024. "Based on strong execution and broad based demand, SentinelOne delivered exceptional results with industry-leading growth and our first ever quarter of positive net income and earnings per share," said Tomer Weing ...
SentinelOne(S) - 2025 Q2 - Quarterly Report
2024-08-27 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40531 SENTINELONE, INC. (Exact name of registrant as specified in its charter) (855) 868-3733 Registrant's telephone number, incl ...
Wall Street Bulls Look Optimistic About SentinelOne (S): Should You Buy?
ZACKS· 2024-08-27 14:31
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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SentinelOne (S) .SentinelOne currently has an average brokerage recommendation (ABR) of 1.68, o ...
SentinelOne: Platformization, And Second Quarter Earnings Preview
Seeking Alpha· 2024-08-25 09:07
baranozdemir/iStock via Getty Images Since I last covered cybersecurity play SentinelOne (NYSE:S) on February 20, the stock lost 5% while the S&P 500 gained 12%. At that time emphasized the strength of its Singularity platform which protects against cybersecurity threats in real-time together with the progress on profitability. However, I had a hold position based on the opportunities having already been priced in given it was trading at a forward price-to-sales of 13x. Now, it could profit from CrowdSt ...
SentinelOne Q2 Preview: Breaking Out From CrowdStrike's Shadow
Seeking Alpha· 2024-08-23 21:59
Jonathan Kitchen/DigitalVision via Getty Images Investment Thesis Cybersecurity company SentinelOne, Inc. (NYSE:S) is slated to announce their Q2 FY25 earnings next week on Tuesday, August 27th, after markets close. The company's results will come a day before its larger peer, CrowdStrike Holdings, Inc. (CRWD), reports the most anticipated earnings report of this earnings season on August 28th, where industry watchers and markets will closely follow updates & commentary from CrowdStrike's management followi ...
SentinelOne (S) Down 17% YTD: Should You Buy or Stay Away?
ZACKS· 2024-08-15 13:31
SentinelOne’s (S) shares have declined 16.9% in the year-to-date (YTD) period, underperforming the Zacks IT Services industry’s decline of 0.2% and the broader Zacks Computer & Technology sector’s 18% growth.It has been suffering from a challenging macroeconomic condition and tighter financial conditions, which continue to impact customer buying behavior. High interest rate and persistent inflation continue to negatively impact enterprise spending. These factors, along with a revamp of SentinelOne’s go-to-m ...
Why SentinelOne (S) Outpaced the Stock Market Today
ZACKS· 2024-08-14 23:01
In the latest market close, SentinelOne (S) reached $22.79, with a +1.97% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 0.03%.Prior to today's trading, shares of the cybersecurity provider had gained 2.15% over the past month. This has outpaced the Computer and Technology sector's loss of 7.5% and the S&P 500's loss of 3.2% in that time.The in ...