SentinelOne, Inc (NYSE: S), a leading cybersecurity firm, saw its stock price plummet by 5.14% during Wednesday's intraday trading session, following a disappointing earnings report for the third quarter.
In its Q3 results, SentinelOne reported revenue growth of 28.3% year-over-year to $210.6 million, in line with analyst expectations. However, the company missed key estimates, including a significant miss on analyst billings estimates and a mixed performance on earnings and EBITDA.
According to the report, SentinelOne delivered the weakest performance against analyst estimates among its cybersecurity peers. This weaker-than-expected showing, particularly in areas like billings, likely disappointed investors and contributed to the sharp sell-off in the stock.
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