SentinelOne reported a smaller-than-expected loss for the October quarter while revenue edged by Wall Street targets. The cybersecurity firm's revenue outlook met expectations and SentinelOne stock climbed after hours.
For its fiscal third quarter, Mountain View, Calif.-based SentinelOne reported an adjusted loss of 16 cents a share vs. a 15-cent loss a year earlier. In the SentinelOne earnings report, revenue rose 106% to $115.3 million.
Analysts expected SentinelOne to report revenue of $111 million and a loss of 22 cents a share.
Annual recurring revenue from subscription-based services rose 106% to $487.4 million, missing estimates of $498 million.
SentinelOne Stock: Low Relative Strength Rating
For the current quarter ending in January, SentinelOne predicted revenue of $125 million at the midpoint of the company's forecast. Analysts were projecting revenue of $124.6 million.
SentinelOne earnings were released after the market close. Shares were up 1.4% to 14.30 in extended trading on the stock market today.
Heading into the SentinelOne earnings report, the stock owned a Relative Strength Rating of only 7 out of a best-possible 99, according to IBD Stock Checkup.
Competing With CrowdStrike
SentinelOne stock had retreated 71% in 2022.
Meanwhile, SentinelOne competes with CrowdStrike Holdings and others.
SentinelOne's cybersecurity software detects malware on laptops, mobile phones and other "endpoints" that access corporate networks. Also, it's building a broad, threat-detection cybersecurity platform.
This story was corrected to change analyst estimates for subscription-based annual recurring revenue for the company's fiscal third quarter.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.
