FMP
Mar 15, 2024(Last modified: Mar 16, 2024)
SentinelOne (NYSE:S) saw its shares decline more than 4% intra-day today, as its forecast for the full year fell short of expectations, overshadowing its fourth-quarter earnings that exceeded both revenue and earnings estimates amid heightened demand for cybersecurity driven by the artificial intelligence boom.
The company reported an adjusted loss per share of $0.02 on revenue of $174.2 million for the quarter, outperforming the anticipated loss of $0.04 per share and revenue of $169.3 million. Annualized recurring revenue (ARR) surged 39% year-over-year to $724.4 million.
For the forthcoming first quarter, SentinelOne anticipates revenue of around $181 million. The company's full-year revenue guidance is set between $812 million and $818 million, which is in line with expectations for the first quarter but below the full-year forecast of $818.1 million.
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