Earnings Results: SentinelOne stock drops even as results, outlook top Street view

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SentinelOne Inc. shares fell in the extended session Tuesday even as the cybersecurity company’s quarterly results and outlook were better than the Wall Street consensus.

SentinelOne
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+4.53%

shares fell 7% after hours, following a 4.5% gain in the regular session to close at $30.89, or 12% below the stock’s $35 initial public offering price at the end of June.

The company reported a fourth-quarter loss of $71.1 million, or 27 cents a share, compared with a loss of $37.8 million, or $1 a share, in the year-ago period. The adjusted loss, which excludes stock-based compensation expenses and other items, was 17 cents a share, compared with 84 cents a share in the year-ago period.

Revenue rose to $65.6 million from $29.9 million in the year-ago quarter.

Analysts surveyed by FactSet had forecast a loss of 18 cents a share on revenue of $60.7 million.

SentinelOne forecast revenue of $74 million to $75 million for the first quarter, and revenue of $366 million to $370 million for the year.

Analysts had estimated a loss of 19 cents a share on revenue of $68.7 million for the first quarter, and a loss of 69 cents a share on revenue of $346.2 million for the year.

The company said the forecast does not include its $616.5 million cash-and-stock acquisition of Attivo Networks, which it announced earlier in the day. The deal is expected to close in the second quarter, SentinelOne said.

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