SentinelOne (S) on Thursday reported a smaller-than-expected first-quarter loss while revenue topped Wall Street estimates amid lowered expectations. The cybersecurity firm missed on a key metric, sending SentinelOne stock down.
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The company reported April-quarter earnings after the market close. SentinelOne recorded an adjusted loss of 1 cent a share vs. a 15-cent loss a year earlier.
The cybersecurity company posted revenue of $186.4 million, up 40%. SentinelOne stock analysts expected the Mountain View, Calif.-based company to report revenue of $181.1 million and a loss of 5 cents a share.
SentinelOne Stock: Key Growth Metric Light
Further, SentinelOne said annualized recurring revenue from subscription-based services increased 35% to $762 million, below estimates of $765.2 million.
For the current quarter ending in July, SentinelOne predicted revenue of $197 million, just below estimates of $198 million. The company lowered its full-year revenue outlook to a range of $808 million to $815 million from earlier guidance of $812 million to $818 million.
On the stock market today, SentinelOne stock tumbled more than 9% to 17.65 in extended trading.
The cybersecurity stock had retreated 27% this year prior to the SentinelOne earnings report.
SentinelOne’s software detects malware on laptops, mobile phones and other “endpoints” that access corporate networks. Also, it’s building a broad, threat-detection cybersecurity platform.
Rivals include CrowdStrike Holdings (CRWD) and Microsoft (MSFT).
Meanwhile, SentinelOne stock owns a Relative Strength Rating of 28 out of a best-possible 94, according to IBD Stock Check-up.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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