SentinelOne Inc S shares are trading lower in extended trading Tuesday. The cybersecurity company reported better-than-expected results but issued full-year guidance below analyst estimates after the bell.
What Happened: SentinelOne said revenue jumped 92% year-over-year to $126.1 million, which beat average analyst estimates of $124.66 million, according to Benzinga Pro.
The cloud-based cybersecurity company reported a quarterly loss of 13 cents per share, which beat consensus estimates for a loss of 16 cents per share.
"Our fourth quarter results exceeded expectations across all key metrics, indicating strength of our competitive position and unit economics. Evident in our fiscal year 2024 outlook, we expect to deliver compelling top line growth with consistent margin improvement," said Dave Bernhardt, CFO of SentinelOne.
SentinelOne sees first-quarter revenue of approximately $137 million versus estimates of $136.85 million. The company expects full-year 2024 revenue to be in the range of $631 million to $640 million versus estimates of $648.66 million.
SentinelOne will hold a conference call to discuss these results at 5 p.m. ET.
See Also: Best Cybersecurity Stocks Right Now
S Price Action: SentinelOne has traded between $12.69 and $42.84 over a 52-week period.
The stock was down 3.18% after hours at $14, according to Benzinga Pro.
Photo: Pete Linforth from Pixabay.
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