SentinelOne Earnings Beat Forecasts
For the fourth quarter of 2023, the company reported an earnings per share (EPS) loss of $0.02 U.S., which was better than a loss of $0.04 U.S. expected among analysts.
Revenue in the quarter came in at $174.2 million U.S., up 38% from a year earlier, and ahead of Wall Street estimates of $169 million U.S.
Unfortunately, SentinelOne issued guidance that underwhelmed, sending its stock down 11% in premarket trading.
For the current quarter, SentinelOne forecast revenue of $181 million U.S., which would be up 36% from a year ago. For all of this year, SentinelOne sees revenue of $812 million U.S. to $818 million U.S.
Management cited cost pressures from recent acquisitions as the reason for guidance that left Wall Street wanting more from the company.
Prior to today (March 14), the stock of SentinelOne had risen 93% over the last 12 months and was trading at $27.94 U.S. per share.
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