SentinelOne
S
is set to report fourth-quarter fiscal 2022 results on Mar 15.
The company will report its third quarterly results, following its initial public offering (IPO) in June 2021.
For the to-be-reported quarter, the Zacks Consensus Estimate has been steady at a loss of 18 cents per share in the past 30 days.
For the fiscal fourth quarter, SentinelOne expects total revenues between $60 million and $61 million. The Zacks Consensus Estimate for total revenues is pegged at $60.81 million.
In the fiscal third quarter, the company reported total revenues of $56 million, up 128% year on year.
SentinelOne, Inc. Price and EPS Surprise
SentinelOne, Inc. price-eps-surprise
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SentinelOne, Inc. Quote
Factors to Consider
SentinelOne’s expanding and diversified customer base is expected to have aided the company’s top line in the fourth quarter. During the third quarter, the company had more than 6,000 customers across more than 80 countries, up 75% from the year-ago quarter’s levels.
SentinelOne is expected to have benefitted from solid demand for security solutions, which are crucial, given the aggravated cyberattacks amid the pandemic, learn and work-from-home policies and a zero-trust approach.
The company is constantly rolling out new product offerings to boost customers’ value. SentinelOne’s efforts to improve existing product capabilities might get reflected in revenues in the to-be-reported quarter.
Key Q4 Highlights
In the to-be-reported quarter, SentinelOne announced the integration of the SentinelOne App directly into
ServiceNow
’s
NOW
Security Incident Response (SIR) solution.
The integration of the app into ServiceNow unites security and IT teams to provide a more efficient, coordinated and comprehensive incident response across endpoint and cloud environments.
With SentinelOne being directly integrated into ServiceNow, customers will be able to use the latter’s platform to prioritize threats.
In November, SentinelOne announced the integration of SentinelOne App into
Microsoft
’s
MSFT
Azure Active Directory (AD).
The integration of the app into Microsoft’s Azure AD enables organizations using SentinelOne to automatically alert Azure AD when an endpoint is at risk. This triggers conditional access policies to protect corporate resources, enabling organizations to enforce the Zero Trust principles.
What Our Model Says
According to the Zacks model, the combination of a positive
Earnings ESP
and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
SentinelOne has an Earnings ESP of -3.26% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our
Earnings ESP Filter
.
Stock to Consider
Oxford Industries
OXM
has an Earnings ESP of +1.23% and a Zacks Rank #2. The company is set to announce fourth-quarter 2021 results on Mar 24. You can see
the complete list of today’s Zacks #1 Rank stocks here
.
OXM is down 6.9% in the past year compared with the Zacks
Textile – Apparel
industry’s fall of 18.4% and the
Consumer Discretionary
sector’s decline of 31.7%.
Stay on top of upcoming earnings announcements with the
Zacks Earnings Calendar
.
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