April 15, 2024

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SentinelOne (S) Outperforms Market: Here’s What You Need to Know

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SentinelOne (S) stock gained ground yesterday, outperforming the market. Here's a quick breakdown on recent performance, upcoming earnings, and analyst expectations.
SentinelOne

SentinelOne (S) Outperforms Market: Here's What You Need to Know

Hey everyone on the East Coast, just checking in after another interesting day on the stock market. If you’ve been watching cybersecurity companies, then SentinelOne (S) might have caught your eye.

Here’s the skinny:

  • Stock Climbs: SentinelOne closed yesterday at $27.14, edging up 1.42% from the previous day. This gain outpaced the broader market, with the S&P 500 rising by 1.03%. Even the tech-heavy Nasdaq, known for its surges, only grew 1.51%.
  • Lagging Behind Recently: It’s important to note that while SentinelOne is up for the day, it’s actually down 5.24% over the past month. This falls short of both the Computer and Technology sector’s gain of 2.52% and the S&P 500’s 3.21% increase during that same period.
  • Earnings on the Horizon: Investors are likely looking ahead to SentinelOne’s upcoming earnings report, scheduled for today, March 13th, 2024. Analysts are predicting a loss of -$0.04 per share, but that’s actually a 69% improvement year-over-year. Revenue is also expected to jump 34% compared to last year, reaching an estimated $169.51 million. Analysts will be watching closely to see if these projections hold true.
  • Analyst Attention: Keep an eye out for any changes in analyst estimates for SentinelOne in the coming days. These adjustments can be a good indicator of how analysts view the company’s near-term prospects.

Overall, it’s a mixed bag for SentinelOne. The stock price is up for the day but lagging behind recent market trends. However, the upcoming earnings report could be a turning point, especially if the company meets or beats analyst expectations. As always, do your own research before making any investment decisions.

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