SentinelOne slides despite upside earnings report and guidance
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- SentinelOne (NYSE:S) is down over 7% despite reporting a beat on the top and bottom lines in its Q3 earnings report with a strong outlook.
- Revenues grew 128% year-over-year to $56.0M, $6.5M ahead of consensus estimates.
- Revenue from international markets grew 159% year-over-year. International markets now represent 33% of total revenue, up from 29% a year ago.
- Total customer count grew more than 75% year-over-year to over 6,000 customers and clients with ARR over $100K grew 140% year-over-year to 416, as of October 31, 2021.
- Non-GAAP gross margin was 67%, compared to 58% in the prior-year quarter.
- Cash, cash equivalents and short-term investments were $1.7 billion as of October 31, 2021.
- For the fourth quarter, the company guides for revenue of $60 million to $61 million, above the consensus of $56.53M.
- Previously (Dec. 7): SentinelOne EPS beats by $0.03, beats on revenue.
- Related: SentinelOne's (S) CEO Tomer Weingarten on Q3 2022 Results - Earnings Call Transcript.