SentinelOne: A Look Ahead to Q1 Earnings Call

🌥️ The cybersecurity industry has been on the rise for the past decade, as the world moves quickly towards digitization. We have seen an increase in the number of cyber-attacks and the sophistication of these attacks. Therefore, it’s not a surprise that companies in the cybersecurity industry such as SentinelOne are taking center stage in the stock market. SentinelOne is a California-based security platform that offers AI-powered endpoint protection services, threat hunting, and incident response services. The company made its public debut in June 2021 and has been making waves since then. In this article, we will be analyzing SentinelOne‘s performance over the past quarter, and what we should expect from their upcoming Q1 earnings call based on technical analysis, historical guidance, and recent analyst estimates.

Fundamental Analysis

First and foremost, let’s take a look at what SentinelOne has been up to in the past quarter. According to the company’s past financial reports, they have been struggling in terms of profitability. In Q4 2022, they reported a net loss of $93.7 million, which is a significant increase from the $71.7 million net loss reported in Q4 2021. However, their total revenue increased to $126.1 million in Q4 2022, from $65.6 million reported in Q4 2021. It’s important to note that SentinelOne is still in the early stages of its growth as a public company, and their focus is on expanding their customer base. Therefore, investors should expect them to continue investing heavily in sales and marketing efforts to drive growth.

Technical Analysis

Now let’s dig into the technical analysis of SentinelOne‘s stock price performance over the past three months. As per the information provided, SentinelOne‘s stock price has been on the rise, surging by almost 20% over the past month. The stock experienced a pullback in the last five days, but overall the trend has been bullish. The stock price also experienced a significant boost after SentinelOne announced a strategic partnership with Dropbox to offer advanced threat protection to Dropbox customers. This news reinforces the company’s growth strategy by expanding its reach to a wider audience. Technical analysts believe that SentinelOne‘s stock price could continue to rise, especially if the company delivers better-than-expected financial results during their upcoming earnings call.

Historical Guidance

Before we move on to discussing the analysts’ estimates, it’s important to take a look at SentinelOne‘s historical guidance. As per the data provided, SentinelOne reported an adjusted EPS of -0.33 in Q4 2022, which is an improvement from the -0.35 reported in Q3 2022 and Q2 2022. This improvement can be attributed to the company’s efforts to boost revenue and reduce operating expenses. It’s worth noting that SentinelOne has beaten analyst estimates in the past two quarters, which is a promising sign.

Analyst Estimates

Lastly, let’s take a closer look at the analysts’ estimates for SentinelOne‘s upcoming Q1 earnings call. According to MorningStar consensus estimates, analysts are predicting that SentinelOne‘s adjusted EPS will remain at -0.21 for Q1 2023, which is the same as their estimates 30, 60, and 90 days ago. We can deduce from these estimates that analysts are not expecting any significant surprises from SentinelOne‘s upcoming earnings call. However, it’s important to note that these estimates are just predictions and we should take them with a grain of salt. Anything can happen on earnings day, and investors should always be prepared for surprises.

Conclusion

In conclusion, SentinelOne is a cybersecurity company that has been making waves in the stock market since its IPO last year. Although SentinelOne has been struggling with profitability, the company is still in the early stages of its growth. Therefore, investors should not expect short-term profitability but instead focus on the company’s potential for long-term growth. Technical analysis suggests that the stock price could continue to rise, and SentinelOne‘s recent strategic partnership with Dropbox further reinforces their growth strategy. Finally, analyst estimates suggest that there might not be any significant surprises during SentinelOne‘s upcoming Q1 earnings call, but as always, investors should be prepared for anything. The earnings call is scheduled for June 1, 2023, at 5:00 PM EST. We highly recommend tuning in to hear SentinelOne‘s management team speak about the company’s future prospects.