HomefinanceSentinelOne's quarterly profit forecast falls short of estimates amid stiff competition

SentinelOne’s quarterly profit forecast falls short of estimates amid stiff competition

Shares of ‌the Mountain View, California-based company were down over 2% after the bell.
Sign up here.
The cybersecurity market ⁠has also been rattled by concerns over the rise of ​artificial intelligence tools, which could commoditize certain security functions.
The company’s ​biggest product is an AI-powered cybersecurity platform called Singularity, which aims to autonomously prevent, detect and respond to cyberattacks across devices, cloud workloads and ​data centers.
It also offers Purple AI, designed to help security ​teams speed up the process of hunting for digital threats.
A cautious macroeconomic environment ‌continues ⁠to pressure corporate IT budgets, which could also temper the company’s growth.
Ahead of the results, analysts said SentinelOne could provide a more conservative initial guidance for fiscal 2027, as incoming finance chief ​Sonalee Parekh gets ​established.
The company ⁠expects adjusted profit per share between 1 cent and 2 cents for the fiscal first quarter, below analysts’ ​average estimate of 5 cents, according to data compiled ​by ⁠LSEG.
It expects revenue between $276 million and $278 million for the quarter, largely in line with estimates of $277 million.
For the fourth quarter ended January ⁠31, SentinelOne’s ​revenue rose 20% to $271.2 million, in line ​with estimates. Adjusted profit came in at 7 cents per share, beating estimates of 6 ​cents apiece.
Reporting by Anhata Rooprai in Bengaluru; Editing by Sahal Muhammed

web-interns@dakdan.com

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments