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SentinelOne (S) Advances While Market Declines: Some Information for Investors

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In the latest trading session, SentinelOne (S - Free Report) closed at $17.55, marking a +1.21% move from the previous day. This change outpaced the S&P 500's 0.01% loss on the day. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq decreased by 0.25%.

Shares of the cybersecurity provider have appreciated by 4.71% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.05% and the S&P 500's loss of 1.6%.

The upcoming earnings release of SentinelOne will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.08, reflecting a 50% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $156.15 million, indicating a 35.4% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.39 per share and revenue of $605.14 million. These totals would mark changes of +44.29% and +43.34%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for SentinelOne. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.95% increase. SentinelOne presently features a Zacks Rank of #2 (Buy).

The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 55, placing it within the top 22% of over 250 industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.


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