SentinelOne underwhelming guidance offsets Q4 results beat
Investing.com -- SentinelOne (NYSE: S) delivered underwhelming full-year guidance Wednesday that overshadowed fourth-quarter results that beat on the top and bottom lines as the surge in data needed to fuel the the artificial-intelligence revolution continued to drum up strong demand for cybersecurity.
SentinelOne Inc (NYSE: S) fell nearly 10% in afterhours trading following the report.
The cybersecurity firm reported adjusted loss per share of $0.02 on revenue of $174.2 million, topping analyst estimates for a loss of $0.04 and revenue of $169.3M.
Annualized recurring revenue, or ARR, jumped 39% to $724.4M in the quarter from a year earlier.
Looking ahead, the company forecast revenue of $181M for Q1, and $812M to $818M for the full year, compared with forecast for $180.7M and $818.1M, respectively.
