SentinelOne Could Beat Fiscal Q1 Revenue Estimates Amid Improving Sales, Product Traction, Oppenheimer Says

MT Newswires Live
May 21

SentinelOne (S) could outperform market expectations for its fiscal Q1 revenue amid improving sales execution and product traction, Oppenheimer said in a Thursday note.

The company is set to release its fiscal Q1 results on May 28 and consensus revenue estimate stands at $277.3 million, according to the note. Oppenheimer said its quarterly checks indicated better-than-expected performance and continued momentum across the company's PurpleAI and Singularity SIEM products.

Partner checks were also positive, pointing to improving win rates mid-market while competitive dynamics at the upper end remain unchanged, the brokerage added.

Oppenheimer also noted that SentinelOne's $250 million to $300 million stake in Anthropic could unlock incremental value should the artificial intelligence company proceed with an IPO this year.

Oppenheimer raised its price target on SentinelOne to $21 from $18, while maintaining its outperform rating.

Price: 18.10, Change: +0.13, Percent Change: +0.72

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10