Yahoo Finance SentinelOne (S) Outpaces Stock Market Gains: What You Should Know
SentinelOne (S) closed at $19.12 in the latest trading session, marking a +1.97% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq gained 2.7%.
Prior to today's trading, shares of the cybersecurity provider had gained 0.91% over the past month. This has lagged the Computer and Technology sector's gain of 6.8% and the S&P 500's gain of 1.07% in that time.
Investors will be hoping for strength from SentinelOne as it approaches its next earnings release, which is expected to be June 1, 2023. In that report, analysts expect SentinelOne to post earnings of -$0.16 per share. This would mark year-over-year growth of 23.81%. Our most recent consensus estimate is calling for quarterly revenue of $135.93 million, up 73.69% from the year-ago period.
S's full-year Zacks Consensus Estimates are calling for earnings of -$0.47 per share and revenue of $638.8 million. These results would represent year-over-year changes of +32.86% and +51.31%, respectively.
Investors should also note any recent changes to analyst estimates for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.43% lower. SentinelOne is currently sporting a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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SentinelOne, Inc. (S) : Free Stock Analysis Report
