SentinelOne‘s stock took a nosedive following the release of its Q4 financial results and fiscal 2025 guidance on March 13, 2024. The company’s weak outlook for the upcoming year overshadowed its positive fourth-quarter performance.
For fiscal 2025, SentinelOne anticipates sales to fall between $812M and $817M, with an adjusted gross margin forecasted to be between 77.5% and 78.5%. The adjusted operating margin is expected to range from -6% to -2% for the full year. Despite exceeding expectations in the fourth quarter, with a loss of $0.02 per share on $174.2M in revenue, the company’s annual recurring revenue stood at $724.4M.
Despite the strong Q4 results, SentinelOne’s stock plummeted by 13% in after-hours trading due to the disappointing fiscal 2025 guidance. The company’s forecast for the next quarter indicates a projected revenue growth of 35.7% year-on-year to $181 million.
S Stock Performance on March 13, 2024: Fluctuations and After-Hours Drop
On March 13, 2024, S stock experienced fluctuations in its performance. According to data from CNN Money, S was trading near the top of its 52-week range and above its 200-day simple moving average, indicating good long-term performance.
However, on that day, the price of S shares decreased by $0.01, representing a 0.04% drop from the previous close. The stock closed at $27.94, but after-hours trading saw a significant drop of $3.36, bringing the price down to $24.58.
This drop in after-hours trading could be attributed to various factors like market volatility, news announcements, or investor sentiment. It is crucial for investors to be aware of after-hours trading as it can impact a stock’s overall performance.
Despite the drop in after-hours trading, S stock has been trading near the top of its 52-week range, indicating good performance over the past year. Investors should monitor the stock’s performance and stay informed about any developments that may impact its price.
Overall, the performance of S stock on March 13, 2024, showed volatility with a drop in after-hours trading. Conducting thorough research and analysis before making investment decisions is essential to mitigate risks and maximize returns.
S Stock Performance Analysis: Revenue Soars, Net Income Falters on March 13, 2024
On March 13, 2024, S stock showed some interesting performance metrics based on the data provided by CNN Money. The company’s total revenue for the past year was $422.18 million, which represented a significant increase of 106.14% compared to the previous year. In the third quarter of the same year, the total revenue was $164.16 million, showing a 9.87% increase from the previous quarter.
However, despite the impressive revenue growth, the company’s net income did not fare as well. The net income for the past year was reported at -$378.68 million, indicating a decrease of 39.68% compared to the previous year. In the third quarter, the net income improved slightly to -$70.30 million, showing a 21.48% increase from the previous quarter.
The earnings per share (EPS) also showed a mixed performance for S stock. The EPS for the past year was reported at -$1.36, representing a decrease of 35.98% compared to the previous year. In the third quarter, the EPS improved to -$0.24, showing a 22.4% increase from the previous quarter.
Overall, the performance of S stock on March 13, 2024, was a mix of positive and negative indicators. Investors should consider these factors along with other market trends and company developments before making any investment decisions related to S stock.
