SentinelOne's Earnings Miss Sparks Investor Worries

Zinger Key Points

Analysts revised their price targets downward following the earnings report, reacting to the earnings miss despite the revenue beat.
SentinelOne's disappointing earnings led to a decline in its share price, reflecting investor concerns about the company's performance.
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SentinelOne S witnessed a decline in its shares Friday afternoon following the release of its mixed first-quarter financial results.

What To Know: SentinelOne reported quarterly losses of 23 cents per share, significantly missing the analyst consensus estimate of losses of 5 cents by 360%. However, the company posted quarterly sales of $186.4 million, surpassing the analyst consensus estimate of $181.09 million by 2.93%.

Post the earnings announcement, several notable analysts revised their price targets for SentinelOne:

B of A Securities: Analyst Tal Liani maintained a Buy rating but lowered the price target from $35 to $29.
Morgan Stanley: Analyst Hamza Fodderwala maintained an Overweight rating but reduced the price target from $29 to $25.
BTIG: Analyst Gray Powell maintained a Buy rating while lowering the price target from $30 to $23.
Susquehanna: Analyst Shyam Patil maintained a Positive rating but decreased the price target from $35 to $22.
JMP Securities: Analyst Trevor Walsh reiterated a Market Outperform rating and maintained the price target at $33.
Wells Fargo: Analyst Andrew Nowinski maintained an Equal-Weight rating but lowered the price target from $26 to $19.
JP Morgan: Analyst Brian Essex maintained an Overweight rating but decreased the price target from $31 to $25.
Barclays: Analyst Saket Kalia maintained an Equal-Weight rating and lowered the price target from $27 to $22.

SentinelOne’s mixed first-quarter earnings report led to varied reactions among analysts, with many adjusting their price targets downward while maintaining their ratings.

S Price Action: SentinelOne shares were down by 13.9% at $16.72 according to Benzinga Pro.