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SentinelOne (S) Beats Stock Market Upswing: What Investors Need to Know
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The most recent trading session ended with SentinelOne (S - Free Report) standing at $20.89, reflecting a +1.06% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 0.12%.
Heading into today, shares of the cybersecurity provider had lost 10.75% over the past month, lagging the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9% in that time.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. The company is forecasted to report an EPS of -$0.05, showcasing a 66.67% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $180.93 million, indicating a 35.64% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.02 per share and revenue of $815.71 million, indicating changes of +107.14% and +31.32%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate has moved 0.29% lower within the past month. As of now, SentinelOne holds a Zacks Rank of #3 (Hold).
With respect to valuation, SentinelOne is currently being traded at a Forward P/E ratio of 1378. This represents a premium compared to its industry's average Forward P/E of 24.07.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 74, finds itself in the top 30% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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SentinelOne (S) Beats Stock Market Upswing: What Investors Need to Know
The most recent trading session ended with SentinelOne (S - Free Report) standing at $20.89, reflecting a +1.06% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 0.12%.
Heading into today, shares of the cybersecurity provider had lost 10.75% over the past month, lagging the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9% in that time.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. The company is forecasted to report an EPS of -$0.05, showcasing a 66.67% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $180.93 million, indicating a 35.64% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.02 per share and revenue of $815.71 million, indicating changes of +107.14% and +31.32%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate has moved 0.29% lower within the past month. As of now, SentinelOne holds a Zacks Rank of #3 (Hold).
With respect to valuation, SentinelOne is currently being traded at a Forward P/E ratio of 1378. This represents a premium compared to its industry's average Forward P/E of 24.07.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 74, finds itself in the top 30% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.