SentinelOne (S – Free Report) is scheduled to report the results of the fourth quarter of fiscal 2022 on Mar 15.
The company will report its third quarterly results, following its initial public offering (IPO) in June 2021.
For the reporting quarter, the Zacks Consensus Estimate has been steady with a loss of 18 cents per share over the past 30 days.
For the fiscal fourth quarter, SentinelOne expects total revenues of between $ 60 million and $ 61 million. The Zacks Consensus Estimate for total revenues is pegged at $ 60.81 million.
In the third fiscal quarter, the company reported total revenue of $ 56 million, up 128% year-over-year.
Factors to Consider
SentinelOne’s expanding and diversified customer base is expected to help the company’s top line in the fourth quarter. In the third quarter, the company had more than 6,000 customers in more than 80 countries, up 75% from last year’s quarter levels.
SentinelOne is expected to benefit from solid demand for security solutions, which is important, given the aggravated cyberattacks amid the pandemic, learning and work-from-home policies and a zero-trust approach.
The company is constantly releasing new product offers to boost the value of customers. SentinelOne’s efforts to improve current product capabilities can be seen in reported quarterly earnings.
Key Q4 Highlight
In the to-be-reported quarter, SentinelOne announced the integration of the SentinelOne App directly with Service Todayby (NOW – Free Report) Security Incident Response (SIR) solution.
The app’s integration with ServiceNow brings together security and IT teams to provide better, smoother and comprehensive incident response across endpoints and cloud environments.
Because SentinelOne is directly integrated with ServiceNow, customers can use the latter’s platform to prioritize threats.
In November, SentinelOne announced the integration of the SentinelOne App with Microsoftby (MSFT – Free Report) Azure Active Directory (AD).
The app’s integration with Microsoft’s Azure AD allows organizations using SentinelOne to automatically alert Azure AD when an endpoint is in danger. It triggers conditional access policies to protect company resources, allowing organizations to implement Zero Trust principles.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the likelihood of a profit loss. But that is not the case here.
SentinelOne has an ESP in Revenue of -3.26% and a Zacks Rank #3. You can discover the best stocks to buy or sell before they are reported using our ESP Revenue Filter.
Stock to Consider
Oxford Industries (OXM – Free Report) has a Revenue ESP of +1.23% and a Zacks Rank #2. The company is set to announce its fourth quarter 2021 results on Mar 24. You’ll see the complete list of Zacks #1 Rank stocks is now here.
OXM dropped 6.9% last year compared to the fall of the Zacks Textile – Apparel industry of 18.4% and the decline of Consumer Discretionary of 31.7%.
Stay up to date with upcoming earnings announcements with the Zacks Earnings Calendar.
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