SentinelOne Stock Plummets 35% Following Disappointing Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/S'>SentinelOne (NYSE:S)</a> shares plummeted more than 35% on Friday after the company reported its Q1 results and guidance, which disappointed investors.</p>
<p>Q1 EPS came in at ($0.15), better than the Street estimate of ($0.17), and revenue of $133.4 million, compared to the Street estimate of $136.62 million.</p>
<p>Management stated that the sizes of deals, sales cycles, and rates of pipeline conversion are still being affected by macroeconomic pressures.</p>
<p>For Q2/24, the company expects revenue to be $141 million, missing the Street estimate of $151.9 million. For the full year, the company sees revenue at $590-$600 million, worse than the Street estimate of $638.5 million.</p>

NYSE:S