Is SentinelOne Stock a Buy?
SentinelOne's (NYSE: S) stock dipped after the cybersecurity company posted its second-quarter earnings report on Sept. 8. Its revenue surged 121% year-over-year to $45.8 million, beating estimates by $5.4 million.
However, its non-GAAP net loss more than doubled from $21.4 million to $46 million, or $0.38 per share, which missed estimates by $0.18. On a GAAP basis, its net loss nearly tripled to $68.2 million.
SentinelOne expects its revenue to rise 102%-104% for the full year, accelerating from its 100% growth in fiscal 2021. But it also expects to end the year with a negative non-GAAP operating margin of 99%-104%, so it will likely spend roughly two dollars for every dollar in revenue it generates.
Source Fool.com
