What's Going On With SentinelOne Stock Ahead Of Earnings?

SentinelOne, Inc. S shares are trading lower Thursday ahead of the company's first-quarter earnings report. 

What To Know:

SentinelOne is set to report its first-quarter financial results after the bell Thursday. According to estimates from Benzinga Pro, analysts expect the company to report losses of 5 cents per share and quarterly revenue of $181.09 million. The company reported losses of 4 cents per share last quarter, beating estimates by 50%, and revenue of $169.646 million, 2.67% above the consensus estimate. 

Last week, SentinelOne announced the return of its LABScon conference dedicated to advancing cybersecurity research. The invite-only event will take place September 18 through 21, and researchers are encouraged to submit original findings via the conference website.

Related News: UiPath Stock Plummets After Q1 Results: Here’s Why

“The growing complexity of cyberattacks and diversity of threat actors underscore a clear truth: no single entity can effectively shoulder the burden of defense alone,” said Juan Andres Guerrero-Saade, AVP of Research at SentinelOne. 

“LABScon has emerged as an indispensable forum, drawing together the security research braintrust of academia, governments, and private industry to exchange ideas, collaborate, and decisively shift the balance towards collective defense.” 

The company has beat analysts' estimates on each of its last three quarterly reports, and investors will be watching to see if the trend continues. According to data from Benzinga Pro, SentinelOne shares are trading below the stock’s 50-day moving average of $21.83 at $19.67 per share.

Will S Stock Go Up?

When trying to assess whether or not SentinelOne will trade higher from current levels, it's a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $30.55 on SentinelOne. The Street high target is currently at $37 and the Street low target is $24. Of all the analysts covering SentinelOne, 8 have positive ratings, 3 have neutral ratings and no one has a negative rating.

In the last month, no analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering SentinelOne have performed in recent history.

Stocks don't move in a straight line. The average stock market return is approximately 10% per year. SentinelOne is 5.21% down year-to-date. The average analyst price target suggests the stock could have further upside ahead.

For a broad overview of everything you need to know about SentinelOne, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.

S Price Action: According to Benzinga Pro, SentinelOne shares are down 5.07% at $19.67 at the time of publication Thursday.

Image: Courtesy of SentinelOne, Inc.