SentinelOne (S) closed the most recent trading day at $14.39, moving +2.93% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.54% for the day. Meanwhile, the Dow experienced a rise of 1.05%, and the technology-dominated Nasdaq saw an increase of 0.56%.
Coming into today, shares of the cybersecurity provider had lost 4.51% in the past month. In that same time, the Computer and Technology sector gained 0.44%, while the S&P 500 gained 0.74%.
Analysts and investors alike will be keeping a close eye on the performance of SentinelOne in its upcoming earnings disclosure. In that report, analysts expect SentinelOne to post earnings of $0.06 per share. This would mark year-over-year growth of 50%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $270.96 million, up 20.15% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.19 per share and a revenue of $1 billion, demonstrating changes of +280% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SentinelOne. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.36% upward. SentinelOne is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, SentinelOne is currently trading at a Forward P/E ratio of 72.31. This valuation marks a premium compared to its industry average Forward P/E of 49.37.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 183, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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SentinelOne, Inc. (S): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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