SentinelOne (S) Moves 9.8% Higher: Will This Strength Last?

SentinelOne (S) shares ended the last trading session 9.8% higher at $19.78. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.7% gain over the past four weeks.The stock surged following reports that SentinelOne could be a potential acquisition target for Palo Alto Networks.This cybersecurity provider is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +200%. Revenues are expected to be $242.02 million, up 21.7% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For SentinelOne, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on S going forward to see if this recent jump can turn into more strength down the road.The stock surged following reports that SentinelOne could be a potential acquisition target for Palo Alto Networks.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>SentinelOne is part of the Zacks Security industry. Qualys (QLYS), another stock in the same industry, closed the last trading session 0.1% higher at $139.51. QLYS has returned 2.6% in the past month.For Qualys, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.47. This represents a change of -3.3% from what the company reported a year ago. Qualys currently has a Zacks Rank of #3 (Hold).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SentinelOne, Inc. (S): Free Stock Analysis Report Qualys, Inc. (QLYS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks