On September 2, SentinelOne, Inc fell 5.02% in regular trading, trading at $19.585/share, with turnover of $70.70 million. The stock continued to face selling pressure following the company's downward revision of its full-year and third-quarter earnings guidance.
SentinelOne reported Q2 adjusted EPS of $0.08, beating the $0.07 consensus, while revenue of $292 million also topped the $290.2 million estimate. However, the company slashed its fiscal full-year adjusted EPS outlook to $0.30–$0.32, well below prior guidance of $0.32–$0.38 and the Street estimate of $0.35. Q3 EPS guidance of $0.08–$0.09 also fell short of the $0.11 consensus. Notably, the stock had already plunged approximately 18% last quarter on a similar guidance miss, and two consecutive quarters of reduced earnings outlooks have intensified investor concerns over the pace of profitability realization.
Broader cybersecurity sector weakness amplified the selling pressure, with Palo Alto Networks declining over 10% and CrowdStrike falling over 5%, creating a headwind across the group that weighed further on SentinelOne.
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