SentinelOne Posts Q2 Beat, 6 Analysts Cite Benefits Of CrowdStrike Customer Churn: ‘Outage Was A Net Positive’
Shares of SentinelOne Inc (NYSE:S) were in the red in early trading on Wednesday, after the company reported mixed fiscal second-quarter results.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
- DA Davidson analyst Rudy Kessinger reiterated a Neutral rating, while raising the price target from $18.50 to $23.
- Scotiabank analyst Patrick Colville maintained a Sector Perform rating, while lifting the price target from $18 to $25.
- Needham analyst Alex Henderson reaffirmed a Buy rating and price target of $29.
- WestPark Captial analyst Casey Ryan reiterated a Buy rating and price target of $34.
- JMP Securities analyst Trevor Walsh maintained a Market Outperform rating and price of $33.
- KeyBanc Capital Markets analyst Eric Heath reaffirmed a Sector Weight rating on the stock.
Check out other analyst stock ratings.
DA Davidson: SentinelOne missed expectations in the fiscal first quarter. However, the company delivered a solid beat and raised its full-year guidance, Kessinger said in a note. Revenues and earnings came in at $198.9 million and 1 cent per share, beating consensus of $197.4 million and breakeven, respectively.
Management raised their full-year revenue guidance to $815 million, coming in higher than the current consensus of $813.7 million. Some customers shifted to SentinelOne after the outage at CrowdStrike Holdings Inc (NASDAQ:CRWD), but others “are not going to make a change quickly.”
Scotiabank: While SentinelOne’s new ARR (annual recurring revenue) declined …
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