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SentinelOne (S) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, SentinelOne (S - Free Report) closed at $14.63, marking a +2.74% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.12% for the day. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.2%.
The cybersecurity provider's stock has climbed by 13.2% in the past month, falling short of the Computer and Technology sector's gain of 16.05% and outpacing the S&P 500's gain of 9.3%.
The investment community will be closely monitoring the performance of SentinelOne in its forthcoming earnings report. On that day, SentinelOne is projected to report earnings of $0.02 per share, which would represent no growth from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $277.12 million, indicating a 21% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.35 per share and revenue of $1.2 billion, which would represent changes of +75% and +19.93%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. SentinelOne is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, SentinelOne is holding a Forward P/E ratio of 41.19. For comparison, its industry has an average Forward P/E of 33.65, which means SentinelOne is trading at a premium to the group.
Meanwhile, S's PEG ratio is currently 0.91. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Security industry stood at 2.44 at the close of the market yesterday.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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SentinelOne (S) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, SentinelOne (S - Free Report) closed at $14.63, marking a +2.74% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.12% for the day. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.2%.
The cybersecurity provider's stock has climbed by 13.2% in the past month, falling short of the Computer and Technology sector's gain of 16.05% and outpacing the S&P 500's gain of 9.3%.
The investment community will be closely monitoring the performance of SentinelOne in its forthcoming earnings report. On that day, SentinelOne is projected to report earnings of $0.02 per share, which would represent no growth from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $277.12 million, indicating a 21% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.35 per share and revenue of $1.2 billion, which would represent changes of +75% and +19.93%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. SentinelOne is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, SentinelOne is holding a Forward P/E ratio of 41.19. For comparison, its industry has an average Forward P/E of 33.65, which means SentinelOne is trading at a premium to the group.
Meanwhile, S's PEG ratio is currently 0.91. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Security industry stood at 2.44 at the close of the market yesterday.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.