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Here's Why SentinelOne (S) Fell More Than Broader Market
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In the latest trading session, SentinelOne (S - Free Report) closed at $23.11, marking a -1.28% move from the previous day. This change lagged the S&P 500's daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%.
Heading into today, shares of the cybersecurity provider had gained 22.12% over the past month, outpacing the Computer and Technology sector's loss of 2.41% and the S&P 500's loss of 0.26% in that time.
Investors will be eagerly watching for the performance of SentinelOne in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.01, showcasing an 87.5% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $197 million, reflecting a 31.84% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.03 per share and revenue of $811.41 million. These totals would mark changes of +110.71% and +30.63%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Right now, SentinelOne possesses a Zacks Rank of #3 (Hold).
Digging into valuation, SentinelOne currently has a Forward P/E ratio of 900.39. This indicates a premium in contrast to its industry's Forward P/E of 28.26.
It is also worth noting that S currently has a PEG ratio of 16.56. 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 Computers - IT Services industry stood at 3.27 at the close of the market yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Here's Why SentinelOne (S) Fell More Than Broader Market
In the latest trading session, SentinelOne (S - Free Report) closed at $23.11, marking a -1.28% move from the previous day. This change lagged the S&P 500's daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%.
Heading into today, shares of the cybersecurity provider had gained 22.12% over the past month, outpacing the Computer and Technology sector's loss of 2.41% and the S&P 500's loss of 0.26% in that time.
Investors will be eagerly watching for the performance of SentinelOne in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.01, showcasing an 87.5% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $197 million, reflecting a 31.84% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.03 per share and revenue of $811.41 million. These totals would mark changes of +110.71% and +30.63%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Right now, SentinelOne possesses a Zacks Rank of #3 (Hold).
Digging into valuation, SentinelOne currently has a Forward P/E ratio of 900.39. This indicates a premium in contrast to its industry's Forward P/E of 28.26.
It is also worth noting that S currently has a PEG ratio of 16.56. 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 Computers - IT Services industry stood at 3.27 at the close of the market yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.