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SentinelOne (S) Gains As Market Dips: What You Should Know
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SentinelOne (S - Free Report) closed at $16.78 in the latest trading session, marking a +1.21% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 10.47%.
Prior to today's trading, shares of the cybersecurity provider had gained 12.03% over the past month. This has outpaced the Computer and Technology sector's loss of 1.96% and the S&P 500's gain of 2.61% in that time.
Wall Street will be looking for positivity from SentinelOne as it approaches its next earnings report date. On that day, SentinelOne is projected to report earnings of -$0.16 per share, which would represent year-over-year growth of 23.81%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $135.93 million, up 73.69% from the year-ago period.
S's full-year Zacks Consensus Estimates are calling for earnings of -$0.46 per share and revenue of $638.8 million. These results would represent year-over-year changes of +34.29% and +51.31%, respectively.
It is also important to note the recent changes to analyst estimates for SentinelOne. These revisions help to show the ever-changing nature of near-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. Within the past 30 days, our consensus EPS projection has moved 8.24% higher. SentinelOne is currently sporting a Zacks Rank of #2 (Buy).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% 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.
To follow S in the coming trading sessions, be sure to utilize Zacks.com.
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SentinelOne (S) Gains As Market Dips: What You Should Know
SentinelOne (S - Free Report) closed at $16.78 in the latest trading session, marking a +1.21% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 10.47%.
Prior to today's trading, shares of the cybersecurity provider had gained 12.03% over the past month. This has outpaced the Computer and Technology sector's loss of 1.96% and the S&P 500's gain of 2.61% in that time.
Wall Street will be looking for positivity from SentinelOne as it approaches its next earnings report date. On that day, SentinelOne is projected to report earnings of -$0.16 per share, which would represent year-over-year growth of 23.81%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $135.93 million, up 73.69% from the year-ago period.
S's full-year Zacks Consensus Estimates are calling for earnings of -$0.46 per share and revenue of $638.8 million. These results would represent year-over-year changes of +34.29% and +51.31%, respectively.
It is also important to note the recent changes to analyst estimates for SentinelOne. These revisions help to show the ever-changing nature of near-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. Within the past 30 days, our consensus EPS projection has moved 8.24% higher. SentinelOne is currently sporting a Zacks Rank of #2 (Buy).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% 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.
To follow S in the coming trading sessions, be sure to utilize Zacks.com.