SentinelOne set to report strong Q3 earnings, expected revenue growth and new features

From Nasdaq: 2024-12-02 11:19:00

SentinelOne is scheduled to report its third-quarter fiscal 2025 results on Dec. 4, 2024, with total revenues expected to reach $209.5 million, up 28% year over year. Earnings are forecasted at 1 cent per share, an improvement from a loss of 3 cents a year ago. The company has consistently beaten earnings estimates in the past four quarters, with an average surprise of 103.13%.

The performance of SentinelOne in Q3 is anticipated to be driven by the strong adoption of its Singularity platform, expansion into new markets like Singularity Cloud and Singularity Data Lake, and investments in security, data, and AI. New features such as Purple AI are expected to contribute to revenue growth and customer expansion.

SentinelOne’s collaboration with technology giants like Google Cloud, Amazon Web Services, and Lenovo is likely to have positively impacted its performance in the third quarter. However, macroeconomic uncertainties and geopolitical tensions may have dampened revenue growth. The company currently holds a Zacks Rank #4 (Sell).

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Read more at Nasdaq: SentinelOne Set to Report Q3 Earnings: What’s in Store for the Stock?