SentinelOne, the cybersecurity firm, saw shares tumble around 11% in pre-market trading after it reported a weaker-than-expected outlook for the upcoming financial year.
Full-year revenues are expected to reach US$815 million, slightly behind the US$817 million forecast by Wall Street, the group revealed in its latest results.
It comes after the US-listed company posted a quarterly loss of US$0.02 per share, beating out guidance of US$0.04 a share and improving on the previous year’s loss of $0.13 per share.
Revenue during the January quarter rose by 38% year-on-year to over US$174 million, with Wall Street having guided for sales at a little over US$169 million.
Wedbush analysts said: “The company indicated that demand/macro continues to be consistent with last quarter and it is seeing traction across its core endpoint as well as non-endpoint solutions.
“Traction in the Non-endpoint products was consistent with prior quarters and contributed over 1/3 of Bookings during 2024.
“Its recent acquisition PingSafe is expected to drive contributions to revenues/ARR starting in FQ3’25E.”