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Earnings Results: SentinelOne stock drops even as results, outlook top Street view

SentinelOne Inc. shares fell in the extended session Tuesday even as the cybersecurity company’s quarterly results and outlook were better than the Wall Street consensus.

SentinelOne
S,
+4.53%

shares fell 7% after hours, following a 4.5% gain in the regular session to close at $30.89, or 12% below the stock’s $35 initial public offering price at the end of June.

The company reported a fourth-quarter loss of $71.1 million, or 27 cents a share, compared with a loss of $37.8 million, or $1 a share, in the year-ago period. The adjusted loss, which excludes stock-based compensation expenses and other items, was 17 cents a share, compared with 84 cents a share in the year-ago period.

Revenue rose to $65.6 million from $29.9 million in the year-ago quarter.

Analysts surveyed by FactSet had forecast a loss of 18 cents a share on revenue of $60.7 million.

SentinelOne forecast revenue of $74 million to $75 million for the first quarter, and revenue of $366 million to $370 million for the year.

Analysts had estimated a loss of 19 cents a share on revenue of $68.7 million for the first quarter, and a loss of 69 cents a share on revenue of $346.2 million for the year.

The company said the forecast does not include its $616.5 million cash-and-stock acquisition of Attivo Networks, which it announced earlier in the day. The deal is expected to close in the second quarter, SentinelOne said.

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