🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

SentinelOne jumps 13% on Q3 beat & raised guidance

Published 05/12/2023, 22:16
© NYSE
S
-

SentinelOne (NYSE:S) shares surged more than 13% after-hours today following the company’s reported Q3 results, with EPS of ($0.03) coming in better than the consensus estimate of ($0.08).

Revenue grew 42% year-over-year to $164.2 million, beating the consensus estimate of $156.09M. Annualized recurring revenue (ARR) grew 43% year-over-year to $663.9M. Meanwhile, customers with an ARR of $100,000 or more grew 33% to 1,060.

“We delivered strong top-line growth and substantial margin expansion, showcasing the scale and breadth of our Singularity platform. Our gross margin reached a new record, and we achieved our ninth consecutive quarter of over 25 percentage points of year-over-year operating margin improvement,” said CFO Dave Bernhardt.

For Q4/24, the company expects revenue of $169M, above the consensus estimate of $166.5M. For the full year, revenue is seen at $616M, beating the consensus estimate of $605.66M.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.