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SentinelOne (S) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest close session, SentinelOne (S - Free Report) was down 3.34% at $15.33. This change lagged the S&P 500's daily gain of 1.46%. At the same time, the Dow added 1.24%, and the tech-heavy Nasdaq gained 2.03%.
Heading into today, shares of the cybersecurity provider had gained 18.53% over the past month, lagging the Computer and Technology sector's gain of 19.39% and outpacing the S&P 500's gain of 10.32%.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. The company is predicted to post an EPS of $0.02, indicating constancy compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $277.12 million, indicating a 21% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.35 per share and revenue of $1.2 billion. These totals would mark changes of +75% and +19.93%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SentinelOne. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. 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 45.88. This expresses a premium compared to the average Forward P/E of 35.11 of its industry.
Also, we should mention that S has a PEG ratio of 1.01. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Security industry currently had an average PEG ratio of 2.72 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 187, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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SentinelOne (S) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, SentinelOne (S - Free Report) was down 3.34% at $15.33. This change lagged the S&P 500's daily gain of 1.46%. At the same time, the Dow added 1.24%, and the tech-heavy Nasdaq gained 2.03%.
Heading into today, shares of the cybersecurity provider had gained 18.53% over the past month, lagging the Computer and Technology sector's gain of 19.39% and outpacing the S&P 500's gain of 10.32%.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. The company is predicted to post an EPS of $0.02, indicating constancy compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $277.12 million, indicating a 21% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.35 per share and revenue of $1.2 billion. These totals would mark changes of +75% and +19.93%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SentinelOne. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. 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 45.88. This expresses a premium compared to the average Forward P/E of 35.11 of its industry.
Also, we should mention that S has a PEG ratio of 1.01. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Security industry currently had an average PEG ratio of 2.72 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 187, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.