SentinelOne (S) Shares Drop 6% Despite Q4 Beat

SentinelOne, Inc. (NYSE: S) shares were trading around 6% lower after-hours despite a Q4 beat and better than expected guidance.

EPS for the fourth quarter came in at ($0.17), slightly better than the consensus estimate of ($0.18). Revenue grew 120% year-over-year to $65.6 million, compared to the consensus estimate of $60.65 million. Q4 ARR increased 123% year-over-year to $292 million, representing the fourth consecutive quarter of growth in the triple digits, driven by strength from large enterprises, both new and existing. The number of total customers increased over 70% year-over-year to more than 6,700 as of January 31, 2022. The number of customers with ARR over $100,000 grew 137% year-over-year to 520.

The company expects Q1/23 revenue to be in the range of $74-75 million, above the consensus estimate of $68.2 million.

For the full 2023-year, the company expects revenue in the range of $366-370 million, above the consensus estimate of $346.2 million.

Shares of SentinelOne are down 39% YTD.

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