This Artificial Intelligence (AI) Stock Is Down 38% in 2024. Should Investors Start Buying It Hand Over Fist Right Away?
SentinelOne (NYSE: S) investors have endured a terrible 2024 so far as shares of the cybersecurity specialist have plunged 38%. The company's latest results for the first quarter of fiscal 2025 (for the three months ended April 30) also have added to the gloom.
The company's shares crashed over 13% in a single session following its quarterly report, even though it beat Wall Street's top- and bottom-line expectations handsomely. Let's see why that was the case and check if new cybersecurity growth drivers, such as artificial intelligence (AI), can help supercharge the company's growth.
The company's fiscal Q1 revenue increased 40% year over year to $186.4 million, beating the consensus estimate of $181.1 million. Additionally, it broke even on the bottom line on a non-GAAP basis, compared to a loss of $0.15 per share in the year-ago period. Analysts were expecting a $0.05 per-share loss.
Source Fool.com
