SentinelOne Inc. (NYSE:S) shares are trading lower Friday after the company reported second-quarter financial results on Thursday after the market closed. The company cut its fiscal-year 2027 adjusted earnings per share guidance below estimates.
SentinelOne stock is trending lower. What’s driving S stock lower?
Q2 Results Top Consensus
SentinelOne reported adjusted earnings per share of 8 cents, beating the consensus estimate of 7 cents. In addition, it reported revenue of $291.98 million, beating the consensus estimate of $290.25 million and representing 21% year-over-year growth.
Cash, cash equivalents, and investments totaled $813 million as of July 31. Annualized recurring revenue grew 22% year-over-year to $1,218 million, while customers with ARR of $100,000 or more increased 13% to 1,715.
