SentinelOne (S) Rises Higher Than Market: Key Facts

In the latest trading session, SentinelOne (S) closed at $17.14, marking a +2.76% move from the previous day. This change outpaced the S&P 500's 1.07% gain on the day. Elsewhere, the Dow saw an upswing of 1.12%, while the tech-heavy Nasdaq appreciated by 1.37%. Heading into today, shares of the cybersecurity provider had lost 12.67% over the past month, lagging the Computer and Technology sector's gain of 2.68% and the S&P 500's gain of 1.08%.Market participants will be closely following the financial results of SentinelOne in its upcoming release. Meanwhile, the latest consensus estimate predicts the revenue to be $255.99 million, indicating a 21.52% increase compared to the same quarter of the previous year. S's full-year Zacks Consensus Estimates are calling for earnings of $0.19 per share and revenue of $1 billion. These results would represent year-over-year changes of +280% and +21.74%, respectively. It is also important to note the recent changes to analyst estimates for SentinelOne. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.02% lower within the past month. SentinelOne is holding a Zacks Rank of #4 (Sell) right now. Digging into valuation, SentinelOne currently has a Forward P/E ratio of 88.87. This expresses a premium compared to the average Forward P/E of 68.44 of its industry. It is also worth noting that S currently has a PEG ratio of 0.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. S's industry had an average PEG ratio of 2.77 as of yesterday's close. The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 191, this industry ranks in the bottom 23% of all industries, numbering over 250. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks