SentinelOne, Inc. (S), a cybersecurity provider, has slid 8.41% in aftermarket trading session. As a result, S stock is trading at $46.75 at the time of the writing. The stock is in decline despite the announcement of strong quarterly results. On Tuesday, SentinelOne closed the day at $51.04 in the mid-day session after increasing 13.40%.
SentinelOne Q3 2022 Operational Results
On Tuesday, SentinelOne, Inc. (S) released the operational results for the third quarter of fiscal 2022. The quarter ended on 31st October. The company generated total revenue of $56 million during the quarter against $24.6 million for the same period of fiscal 2021. The total operating expenses for the three months were $103 million against $43.9 million for the same period of fiscal 2021. The net loss suffered by the company during the three months was $68.5 million (or $0.26 per basic and diluted share) against $30.1 million (or $0.85 per basic and diluted share) for the same period of 2020.
Financial Outlook
Alongside the operational results, SentinelOne, Inc. (S) also reported the financial outlook for the upcoming quarter. The company expects to generate revenue between $60 million and $61 million during the quarter. The non-GAAP gross margin for the quarter is estimated to stand between 62% and 63%. The company expects the non-GAAP operating margin to lie between 83% and 80% during the upcoming quarter.
Executive Commentary
Tomer Weingarten, CEO of SentinelOne, while commenting on the results said that the customers have continued to choose the company because of the protection, response, automation capabilities it offers. The business of the company is performing extremely well and the company looks forward to a spectacular upcoming quarter.
Future Outlook for SentinelOne
The last three months have seen SentinelOne, Inc. (S) stock decline more than 25%. That depicts the negative sentiments associated with it during the period. Looking toward the future, a potential investor should keep a close eye on the performance of S stock to make an informed decision about investments.
