BUZZ-SentinelOne rises on annual revenue forcast raise

Reuters
Aug 29
BUZZ-<a href="https://laohu8.com/S/S">SentinelOne</a> rises on annual revenue forcast raise

** Shares of cybersecurity firm SentinelOne S.N rise 7% to $18.89 premarket

** Co raises FY 26 revenue forecast to range of $998 mln-$1.002 bln vs prior view of $996 mln-$1.001 bln

** Q2 adj. EPS of 4 cents vs est. 3 cents, while revenue of $242.2 mln in-line with est., according to data compiled by LSEG

** "Improved execution, a broadening prod portfolio coupled with a newly unveiled Flex offering should help penetrate the enterprise and sustain growth," Jefferies says

** Jefferies raises PT to $25 from $23

** 25 of 39 brokerages rate stock "buy" or higher, 14 "hold"; their median PT is $23 - LSEG data

** Up to last close, stock down 20.7% YTD

(Reporting by Avinash P in Bengaluru)

((Avinash.P@thomsonreuters.com;))

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