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.
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