SentinelOne Stock Down 38%: Is It Still a Buy?
Investors that bought shares of SentinelOne (NYSE: S) at the end of 2022 were doing very well. Through the end of May, the stock was up more than 40% year to date. But the sentiment shifted again following the latest earnings report. While Sentinel reported solid numbers that showed revenue up 70% over the year-ago quarter and improving profitability, soft guidance for the next quarter sent the shares down 38%.
SentinelOne has been a favorite of cybersecurity investors, primarily because of its blistering rate of revenue growth, where it has consistently been reporting revenue numbers much stronger than leader Crowdstrike Holdings and others. But the latest financial results shows that the macroeconomic environment is starting to catch up with the company.
Is it time for investors to cut their losses, or should investors look at the drop as a buying opportunity?
Source Fool.com
