SentinelOne Stock Slides On Q4 Earnings: The Details
Portfolio Pulse from Adam Eckert
SentinelOne Inc (NYSE:S) reported Q4 earnings with sales of $174.18 million, surpassing the consensus estimate of $169.65 million, and a loss of 2 cents per share, beating analyst expectations of a 4 cents per share loss. The company saw a 38% year-over-year revenue increase and a 39% increase in annualized recurring revenue to $724.4 million. SentinelOne expects Q1 revenue of $181 million and full-year 2025 revenue between $812 million and $818 million. Despite positive results, the stock was down 8.7% after hours.
March 13, 2024 | 8:28 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SentinelOne reported better-than-expected Q4 results and provided a positive outlook for Q1 and FY2025, but its stock dropped 8.7% after hours.
SentinelOne's stock price drop after hours, despite positive earnings and future outlook, suggests a short-term negative impact. The better-than-expected results and positive guidance typically would bolster investor confidence, but the after-hours drop indicates market reactions may have been influenced by factors not detailed in the earnings report, such as broader market trends or profit-taking.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100