Why SentinelOne Stock Is Slumping Today
Shares of SentinelOne (NYSE: S) slumped as much as 15.7% on Wednesday morning after the company reported earnings results for the third quarter. As of 12:40 p.m. ET, the stock had recovered a lot of these losses and was down 5.9% for the day.
After the close on Dec. 7, SentinelOne reported its quarterly results for the three months ending in October. Revenue was $56 million in the quarter, growing 128% year over year and handily beating the analyst expectation of $49.6 million for the quarter. Annualized recurring revenue (ARR) reached $237 million, growing 131% year over year. Even with these strong growth numbers, SentinelOne stock still slumped today after the results, indicating that investors had higher expectations for the cybersecurity company this quarter.
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Source Fool.com
