SentinelOne, Inc. (NYSE: S) saw its shares plummet 7.54% in the 24-hour trading session, driven by disappointing fourth-quarter revenue guidance and the unexpected resignation of its Chief Financial Officer, Barbara Larson.
The cybersecurity firm projected Q4 revenue of $271 million, falling short of the $273.1 million analysts had anticipated. Additionally, the company announced that CFO Barbara Larson will step down in mid-January to pursue an opportunity outside the cybersecurity industry. These developments overshadowed the company's slight beat on Q3 revenue ($258.9 million vs. $257.7 million expected) and narrowed losses, triggering a sell-off.
Investors reacted negatively to the leadership transition and the weaker outlook, reflecting concerns about the company's ability to maintain growth momentum in a competitive cybersecurity market.
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