SentinelOne Stocks Soars On Q3 Earnings Beat: Here Are The Details
- 5 months ago
SentinelOne, Inc. (NYSE:S) shares are trading higher Tuesday after the company reported better-than-expected third-quarter financial results.
The Details: Sentinel One reported third-quarter revenue of$164.2 million, beating the analyst consensus estimate of $156.09 million and representing an increase of 42% compared to last year.
The company also reported an adjusted loss of 3 cents per share, beating the analyst consensus estimate of a loss of 8 cents per share.
“Our third quarter performance exceeded our top and bottom line expectations, delivering industry-leading growth and margin improvement,” said Tomer Weingarten, CEO of SentinelOne.
“Our market-leading, AI-based security across endpoint, cloud, and data continues to differentiate SentinelOne as a true innovator.”
SentinelOne expects fourth quarter revenue of $169 million (Estimate $166.46M). The company raised the full-year 2024 revenue outlook from $605 million to $616 million. (Estimate $605.66 million)
The Details: Sentinel One reported third-quarter revenue of$164.2 million, beating the analyst consensus estimate of $156.09 million and representing an increase of 42% compared to last year.
The company also reported an adjusted loss of 3 cents per share, beating the analyst consensus estimate of a loss of 8 cents per share.
“Our third quarter performance exceeded our top and bottom line expectations, delivering industry-leading growth and margin improvement,” said Tomer Weingarten, CEO of SentinelOne.
“Our market-leading, AI-based security across endpoint, cloud, and data continues to differentiate SentinelOne as a true innovator.”
SentinelOne expects fourth quarter revenue of $169 million (Estimate $166.46M). The company raised the full-year 2024 revenue outlook from $605 million to $616 million. (Estimate $605.66 million)