SentinelOne's (NYSE: S) stock plunged 36% during after-hours trading on June 1 following its release of a messy earnings report. For the first quarter of fiscal 2024, which ended on April 30, the cybersecurity specialist's revenue rose 70% year over year to $133 million but missed analysts' estimates by $3 million. It narrowed its adjusted net loss from $57 million to $42 million, or $0.15 per share, which bested analysts' forecasts by $0.02 per share.
Those headline numbers weren't too bad, but SentinelOne's soft second-quarter outlook and an unforeseen revision to a key growth metric spooked investors. Let's assess the damage and see if its post-earnings plunge is a good buying opportunity.
Image source: Getty Images.
Source Fool.com