SentinelOne, Inc. (NYSE: S) saw its shares plummet 8.19% in after-hours trading following the release of its quarterly results and disappointing revenue guidance for the fourth quarter.
The cybersecurity firm projected Q4 revenue of $271 million, falling short of the $273.1 million analysts had anticipated, according to LSEG data. Additionally, the company announced that Chief Financial Officer Barbara Larson will step down in January, adding to investor concerns.
While SentinelOne reported a slight beat on Q3 revenue ($258.9 million vs. $257.7 million expected) and narrowed its losses, the weaker outlook and leadership transition overshadowed these results, triggering the sell-off.
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