Is This Growth Stock Worth Buying After Its Latest Crash?
Shares of SentinelOne (NYSE: S) fell sharply after the company released fiscal 2024 fourth-quarter results (for the three months ended Jan. 31) on Mar. 13, which may seem a bit surprising, as the cybersecurity specialist not only exceeded Wall Street's expectations, but its guidance was also in line with consensus estimates.
But a closer look at SentinelOne's report will tell us just why investors pressed the panic button, sending the stock down 17% following the Q4 release, and why the dip could be a buying opportunity.
SentinelOne's fiscal Q4 revenue increased an impressive 38% year over year to $174.2 million, while its adjusted loss per share shrunk to $0.02 from $0.13 in the prior-year period. Analysts were expecting SentinelOne to report a loss of $0.04 per share on $169.4 million in revenue.
Source Fool.com
