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Why SentinelOne (S) Dipped More Than Broader Market Today
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SentinelOne (S - Free Report) closed the most recent trading day at $13.31, moving -2.28% from the previous trading session. This move lagged the S&P 500's daily loss of 1.57%. On the other hand, the Dow registered a loss of 1.34%, and the technology-centric Nasdaq decreased by 2.04%.
The cybersecurity provider's shares have seen a decrease of 4.22% over the last month, not keeping up with the Computer and Technology sector's loss of 1.83% and the S&P 500's loss of 0.29%.
Analysts and investors alike will be keeping a close eye on the performance of SentinelOne in its upcoming earnings disclosure. The company is expected to report EPS of $0.06, up 50% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $270.96 million, up 20.15% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.19 per share and a revenue of $1 billion, demonstrating changes of +280% and +21.86%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SentinelOne. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.43% 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 46.85. This signifies a premium in comparison to the average Forward P/E of 43.87 for its industry.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the 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.
View the Zacks #1 Rank List
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Why SentinelOne (S) Dipped More Than Broader Market Today
SentinelOne (S - Free Report) closed the most recent trading day at $13.31, moving -2.28% from the previous trading session. This move lagged the S&P 500's daily loss of 1.57%. On the other hand, the Dow registered a loss of 1.34%, and the technology-centric Nasdaq decreased by 2.04%.
The cybersecurity provider's shares have seen a decrease of 4.22% over the last month, not keeping up with the Computer and Technology sector's loss of 1.83% and the S&P 500's loss of 0.29%.
Analysts and investors alike will be keeping a close eye on the performance of SentinelOne in its upcoming earnings disclosure. The company is expected to report EPS of $0.06, up 50% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $270.96 million, up 20.15% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.19 per share and a revenue of $1 billion, demonstrating changes of +280% and +21.86%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SentinelOne. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.43% 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 46.85. This signifies a premium in comparison to the average Forward P/E of 43.87 for its industry.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the 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.