In the latest trading session, SentinelOne (S) closed at $16.87, marking a -4.58% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.17%. Elsewhere, the Dow saw a downswing of 0.53%, while the tech-heavy Nasdaq depreciated by 2.04%.
The stock of cybersecurity provider has fallen by 1.28% in the past month, lagging the Computer and Technology sector's gain of 5.49% and the S&P 500's gain of 2.12%.
The investment community will be paying close attention to the earnings performance of SentinelOne in its upcoming release. Our most recent consensus estimate is calling for quarterly revenue of $255.99 million, up 21.52% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.19 per share and a revenue of $1 billion, signifying shifts of +280% and +29.86%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for SentinelOne. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 a 1.02% decrease. Right now, SentinelOne possesses a Zacks Rank of #4 (Sell).
With respect to valuation, SentinelOne is currently being traded at a Forward P/E ratio of 94.2. This represents a premium compared to its industry average Forward P/E of 74.85.
We can additionally observe that S currently boasts a PEG ratio of 0.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Security was holding an average PEG ratio of 2.92 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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SentinelOne, Inc. (S): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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