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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 $25.66, marking a -2.32% move from the previous day. This move lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw a decrease of 0.44%.
Shares of the cybersecurity provider witnessed a gain of 33.01% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.85%, and the S&P 500's gain of 2.36%.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. The company's upcoming EPS is projected at $0.09, signifying a 28.57% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $310.03 million, indicating a 19.74% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.32 per share and a revenue of $1.2 billion, demonstrating changes of +60% and +20.32%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for SentinelOne. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.88% lower within the past month. Currently, SentinelOne is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, SentinelOne is holding a Forward P/E ratio of 83.02. This expresses a premium compared to the average Forward P/E of 59.11 of its industry.
One should further note that S currently holds a PEG ratio of 1.8. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Security industry stood at 3.27 at the close of the market yesterday.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% 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.
To follow S in the coming trading sessions, be sure to utilize Zacks.com.
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 $25.66, marking a -2.32% move from the previous day. This move lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw a decrease of 0.44%.
Shares of the cybersecurity provider witnessed a gain of 33.01% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.85%, and the S&P 500's gain of 2.36%.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. The company's upcoming EPS is projected at $0.09, signifying a 28.57% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $310.03 million, indicating a 19.74% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.32 per share and a revenue of $1.2 billion, demonstrating changes of +60% and +20.32%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for SentinelOne. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.88% lower within the past month. Currently, SentinelOne is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, SentinelOne is holding a Forward P/E ratio of 83.02. This expresses a premium compared to the average Forward P/E of 59.11 of its industry.
One should further note that S currently holds a PEG ratio of 1.8. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Security industry stood at 3.27 at the close of the market yesterday.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% 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.
To follow S in the coming trading sessions, be sure to utilize Zacks.com.