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SentinelOne (S) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, SentinelOne (S - Free Report) closed at $17.81, marking a -1.93% move from the previous day. This change lagged the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq added 0.2%.
The stock of cybersecurity provider has risen by 19.16% in the past month, leading the Computer and Technology sector's loss of 1.22% and the S&P 500's gain of 1.64%.
The investment community will be closely monitoring the performance of SentinelOne in its forthcoming earnings report. The company is forecasted to report an EPS of $0.07, showcasing a 75% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $290.03 million, showing a 19.76% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.36 per share and revenue of $1.2 billion, indicating changes of +80% and +19.89%, respectively, compared to the previous year.
Any recent changes to analyst estimates for SentinelOne should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 2.74% higher. As of now, SentinelOne holds a Zacks Rank of #2 (Buy).
In terms of valuation, SentinelOne is currently trading at a Forward P/E ratio of 50.88. This denotes a premium relative to the industry average Forward P/E of 50.32.
We can additionally observe that S currently boasts a PEG ratio of 1.09. 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 Security was holding an average PEG ratio of 3.31 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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SentinelOne (S) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, SentinelOne (S - Free Report) closed at $17.81, marking a -1.93% move from the previous day. This change lagged the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq added 0.2%.
The stock of cybersecurity provider has risen by 19.16% in the past month, leading the Computer and Technology sector's loss of 1.22% and the S&P 500's gain of 1.64%.
The investment community will be closely monitoring the performance of SentinelOne in its forthcoming earnings report. The company is forecasted to report an EPS of $0.07, showcasing a 75% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $290.03 million, showing a 19.76% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.36 per share and revenue of $1.2 billion, indicating changes of +80% and +19.89%, respectively, compared to the previous year.
Any recent changes to analyst estimates for SentinelOne should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 2.74% higher. As of now, SentinelOne holds a Zacks Rank of #2 (Buy).
In terms of valuation, SentinelOne is currently trading at a Forward P/E ratio of 50.88. This denotes a premium relative to the industry average Forward P/E of 50.32.
We can additionally observe that S currently boasts a PEG ratio of 1.09. 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 Security was holding an average PEG ratio of 3.31 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.