Is SentinelOne Stock a Buy on the Dip as Revenue Continues to Soar?
The cybersecurity stock fell despite strong fiscal Q2 results.
Overview
Shares of SentinelOne (NYSE: S) sank after it reported its fiscal second-quarter results, despite the company surpassing revenue estimates and increasing its guidance. The stock remains up about 40% on the year despite the drop in its share price.
Let's take a closer look at its results and prospects to see if this is a chance to buy the cybersecurity stock on the dip.
Details
SentinelOne saw strong sales growth, with revenue climbing 21% in its fiscal Q2 to $292 million. That topped its earlier $289 million to $291 million forecast, and was ahead of the $290.3 million consensus. Adjusted earnings per share (EPS), meanwhile, doubled from $0.04 to $0.08 and were at the high end of its $0.06 to $0.08 guidance.
Source
Originally published at www.fool.com.