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Key Takeaways
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SentinelOne shares declined after the company's first-quarter and full-year revenue forecasts did not meet analysts' expectations.
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The cybersecurity company posted better than expected adjusted earnings and revenue in its fiscal fourth quarter.
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Rival cybersecurity firm CrowdStrike issued a weaker-than-expected outlook last week.
SentinelOne (S) shares dropped after the company issued on Wednesday a revenue outlook that fell short of analysts’ expectations after the bell Wednesday, even as adjusted earnings beat estimates.
The cybersecurity company’s revenue rose 29% year-over-year to $225.5 million, slightly above the analyst consensus from Visible Alpha. Adjusted earnings of $12.17 million, or 4 cents per share, swung from a loss of $6.62 million, or 2 cents per share, a year earlier and topped estimates.
However, SentinelOne’s revenue projections of $228 million in the fiscal first quarter and $1.007 billion to $1.012 billion in the full year both came in below what analysts had expected.
The soft outlook comes a week after fellow cybersecurity firm CrowdStrike (CRWD) issued a similarly underwhelming forecast.
Shares of SentinelOne declined more than 3% after the opening bell Thursday. The stock has fallen more than 15% so far in 2025.
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