SentinelOne (NYSE: S) posted its latest quarterly report on Dec. 6. For the third quarter of fiscal 2023, which ended on Oct. 31, the cybersecurity company's revenue surged 106% year over year to $115.3 million and beat analysts' estimates by $4.3 million. 

Under generally accepted accounting principles (GAAP), SentinelOne's net loss widened from $68.6 million to $98.9 million. On a non-GAAP (adjusted) basis, which excludes its stock-based compensation and other one-time expenses, its net loss widened from $39.9 million to $44.4 million, or $0.16 per share -- but still cleared the consensus forecast by $0.06. 

SentinelOne is still growing like a weed, but its stock price barely budged after that report and remains approximately 60% below its initial public offering (IPO) price. Should investors take the contrarian view and buy this out-of-favor hypergrowth stock?

Continue reading

Source Fool.com