5 Stocks Making Headlines After Earnings Reports

4. SentinelOne, Inc. (NYSE:S)

Number of Hedge Fund Holders: 39

Shares of SentinelOne, Inc. (NYSE:S) climbed over 16 percent after the opening bell on Wednesday, March 16, 2022, after announcing better-than-expected financial results for its fiscal fourth quarter.

SentinelOne, Inc. (NYSE:S) reported an adjusted loss of 17 cents per share, narrower than the loss of 84 cents per share in the year-ago period. Revenue for the quarter climbed 120 percent on a year-over-year basis to $65.6 million. Analysts were looking for a loss of 18 cents per share on revenue of $60.7 million.

Among other updates, SentinelOne, Inc. (NYSE:S) announced that its total customers count climbed over 70 percent versus last year to 6,700. In addition, its adjusted gross margin stood at 66 percent in the quarter, compared to 54 percent in the same period last year.

For the current quarter, SentinelOne, Inc. (NYSE:S) guided for revenue in the range of $74 – $75 million. For its FY 2023, the company projected revenue between $366 – $370 million.