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SentinelOne (S) Increases Despite Market Slip: Here's What You Need to Know
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SentinelOne (S - Free Report) closed at $14.32 in the latest trading session, marking a +2.14% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.24%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.26%.
The cybersecurity provider's stock has dropped by 1.06% in the past month, falling short of the Computer and Technology sector's gain of 9.41% and the S&P 500's gain of 6.42%.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. In that report, analysts expect SentinelOne to post earnings of $0.02 per share. This would mark no growth from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $277 million, indicating a 20.95% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.35 per share and a revenue of $1.2 billion, demonstrating changes of +75% and +19.94%, respectively, from the preceding year.
Any recent changes to analyst estimates for SentinelOne should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.33% rise in the Zacks Consensus EPS estimate. As of now, SentinelOne holds a Zacks Rank of #3 (Hold).
In terms of valuation, SentinelOne is presently being traded at a Forward P/E ratio of 40.59. This signifies a premium in comparison to the average Forward P/E of 33.45 for its industry.
We can additionally observe that S currently boasts a PEG ratio of 0.9. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Security industry was having an average PEG ratio of 2.47.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 94, this industry ranks in the top 39% of all industries, numbering over 250.
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.
To follow S in the coming trading sessions, be sure to utilize Zacks.com.
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SentinelOne (S) Increases Despite Market Slip: Here's What You Need to Know
SentinelOne (S - Free Report) closed at $14.32 in the latest trading session, marking a +2.14% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.24%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.26%.
The cybersecurity provider's stock has dropped by 1.06% in the past month, falling short of the Computer and Technology sector's gain of 9.41% and the S&P 500's gain of 6.42%.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. In that report, analysts expect SentinelOne to post earnings of $0.02 per share. This would mark no growth from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $277 million, indicating a 20.95% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.35 per share and a revenue of $1.2 billion, demonstrating changes of +75% and +19.94%, respectively, from the preceding year.
Any recent changes to analyst estimates for SentinelOne should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.33% rise in the Zacks Consensus EPS estimate. As of now, SentinelOne holds a Zacks Rank of #3 (Hold).
In terms of valuation, SentinelOne is presently being traded at a Forward P/E ratio of 40.59. This signifies a premium in comparison to the average Forward P/E of 33.45 for its industry.
We can additionally observe that S currently boasts a PEG ratio of 0.9. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Security industry was having an average PEG ratio of 2.47.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 94, this industry ranks in the top 39% of all industries, numbering over 250.
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.
To follow S in the coming trading sessions, be sure to utilize Zacks.com.