Why SentinelOne Shares Are Trading Higher By Over 18%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
SentinelOne, Inc. (NYSE:S) shares surged over 18% in pre-market trading following the release of their Q3 results, which exceeded analyst expectations. The company reported $164.2 million in revenue, surpassing the $156.09 million estimate, and an adjusted loss of 3 cents per share, better than the expected 8 cents per share loss. SentinelOne also increased its full-year 2024 revenue forecast from $605 million to $616 million.
December 06, 2023 | 1:32 pm
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POSITIVE IMPACT
SentinelOne's stock price is likely to experience a positive short-term impact due to the company's Q3 earnings surpassing expectations and the raised revenue outlook for the full year.
Stock prices often react positively to earnings that beat analyst estimates and to upward revisions in revenue forecasts, as these are indicators of a company's strong performance and potential for future growth.
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RELEVANCE 100