Why SentinelOne Shares Are Moving Higher After The Close
Portfolio Pulse from Adam Eckert
SentinelOne, Inc (NYSE:S) reported a 46% YoY increase in Q2 revenue to $149.4 million, beating the consensus estimate of $140.98 million. The company also reported a quarterly loss of 8 cents per share, better than the estimated loss of 14 cents per share. The company raised its full-year revenue guidance from a range of $590 million to $600 million to $605 million. SentinelOne shares were up 2.22% after hours.
August 31, 2023 | 9:36 pm
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SentinelOne reported better than expected Q2 results and raised its full-year revenue guidance, leading to a 2.22% increase in its shares after hours.
SentinelOne's better than expected Q2 results and increased full-year revenue guidance are positive indicators of the company's performance and growth, which is likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
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RELEVANCE 100