SentinelOne Inc (NYSE:S) reported financial results for the second quarter after the closing bell on Thursday. Here’s a rundown of the cybersecurity company’s report.
- SentinelOne shares are trending. Where is S stock going?
SentinelOne Q2 Key Metrics
SentinelOne reported second-quarter revenue of $291.98 million, beating the consensus estimate of $290.25 million, according to Benzinga Pro. The company posted second-quarter adjusted earnings of eight cents per share, beating analyst estimates of seven cents per share.
Total revenue increased 21% year-over-year. Annualized recurring revenue (ARR) increased 22% year-over-year to approximately $1.22 billion as of July 31, and customers with ARR of $100,000 or more grew 13% to 1,715.
“Our Q2 performance demonstrates strong progress across every dimension of our business — a top-tier growth profile, accelerating platform adoption, and undisputed technology leadership for both AI for Security and Security for AI,” said Tomer Weingarten, CEO of SentinelOne.
The company exited the period with $813 million in cash, cash equivalents and investments.
Soft EPS Outlook Weighs On S Stock
SentinelOne expects third-quarter revenue of approximately $309 million to $311 million versus estimates of $309.44 million. The company anticipates adjusted earnings of eight cents to nine cents per share in the third quarter versus estimates of 11 cents per share.
The light earnings guidance appears to be pressuring shares after hours. SentinelOne also lowered its fiscal 2027 adjusted earnings outlook from a range of 32 to 38 cents per share to a new range of 30 to 32 cents per share, versus estimates of 35 cents per share.
The company sees full-year revenue of $1.205 billion to $1.207 billion, up from prior guidance of $1.195 billion to $1.205 billion. Analysts are looking for full-year revenue of $1.205 billion.
SentinelOne’s quarterly earnings call with investors and analysts is set for 4:30 p.m. ET.
S Shares Slide After The Close
S Price Action: SentinelOne shares were down 5.33% in after-hours, trading at $21.50 at the time of publication on Thursday, according to Benzinga Pro.
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