5 Stocks in Limelight After Releasing Their Earnings Reports

1. SentinelOne, Inc. (NYSE: S)

Number of Hedge Fund Holders: 67

Shares of SentinelOne, Inc. (NYSE: S) declined nearly 4 percent on Wednesday, 8 September 2021, after the company reported a wider-than-expected loss for its fiscal second quarter ended 31 July.

The cybersecurity startup reported an adjusted loss of 38 cents per share, narrower than 62 cents per share in the year-ago quarter. However, analysts were expecting SentinelOne, Inc. (NYSE: S) to post a loss of 20 cents per share on an adjusted basis.

On the bright side, revenue for the quarter skyrocketed 121 percent to $45.8 million, beating the consensus forecast of $40.47 million. Looking forward, SentinelOne, Inc. (NYSE: S) expects revenue in the range of $49 – $50 million for the third quarter.

Speaking on the results, CEO Tomer Weingarten said:

“We’re devoted to protecting our customers and our way of life from cyberattacks in an increasingly digital society. Cybersecurity must be autonomous – that’s what we’ve built. It must perform at a faster speed, greater scale, and higher accuracy than what exists today. Our IPO was a significant milestone and is only the beginning of the opportunity in front of us. I’m pleased with the success and growth we delivered in Q2.”

You can also take a peek at 10 Dividend ETFs with Over 4% Yield and 11 Stocks to Buy Now According to Jeffrey Gendell’s Tontine Asset Management.

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