Sentinelone
SentinelOne (S) AnalysisCompany Overview: SentinelOne is preparing to release its second-quarter fiscal 2025 results on August 27. The company, known for its cybersecurity solutions, is poised to deliver solid financial performance, driven by consistent growth and strong earnings surprises.
Key Highlights:
Revenue Expectations: SentinelOne NYSE:S anticipates total revenues of $197 million for Q2, aligning with the Zacks Consensus Estimate. This figure represents a significant 31.84% growth compared to the same quarter last year.
Earnings Performance: The consensus estimate for the company’s loss per share has remained steady at 1 cent, an improvement from the 8 cents per share loss reported in the year-ago period. This steady estimate reflects the company's efforts to improve profitability.
Historical Earnings Surprises: SentinelOne has a strong track record of exceeding earnings expectations, with an average earnings surprise of 64.79% over the past four quarters. This track record highlights the company's ability to outperform market forecasts consistently.
Technical Outlook: Given the company's strong performance history and the current technical setup, the stock is positioned well for potential growth.
Investment Outlook: Bullish Outlook: We are bullish on S if it holds above the $22.00-$22.75 range. Upside Potential: The upside target for SentinelOne is set at $27.00-$28.00, supported by the company’s robust growth prospects and positive earnings track record.
🏅 SentinelOne—poised for growth with strong earnings performance and bullish technicals! #S #Cybersecurity 🚀📈
S SentinelOne Options Ahead of EarningsIf you haven`t bought S before the previous earnings:
Now analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week,
I would consider purchasing the 27usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $2.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SentinelOne Gains as CrowdStrike Faces Software Update IssuesSentinelOne, Inc. experienced a boost in stock value following a problematic software update by its competitor, CrowdStrike Holdings Inc., which disrupted Microsoft Windows operating systems. The failed patch affected approximately 1% of Windows devices, translating to around 8.5 million units globally. Many of these devices belong to large, mission-critical service providers that rely on CrowdStrike's cybersecurity solutions.
This incident has led some investors to anticipate a potential increase in SentinelOne's market share, as organisations affected by the glitch might consider switching to alternative cybersecurity providers. The positive shift in SentinelOne's stock reflects investor confidence in the company's ability to capitalise on CrowdStrike's misstep.
Technical analysis of SentinelOne, Inc. (NYSE: S)
Reviewing the stock performance of SentinelOne for potential trading opportunities:
Timeframe : Daily (D1)
Current trend : the stock is currently in a global uptrend
Resistance level : previously at 22.25 USD, now serving as new support after being surpassed
Support level : established at 20.05 USD.
Potential downtrend target : should the stock revert to a downtrend, a potential target could be set at 17.25 USD
Short-term target : if the uptrend persists and further resistance is breached, a short-term target could be 29.10 USD
Medium-term target : with continued upward momentum, the price might aim for 36.00 USD
Investors should closely monitor the developments surrounding SentinelOne's competitive positioning in the cybersecurity market. The current scenario offers a strategic advantage that could significantly influence SentinelOne's operational performance and stock valuation.
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Make it or break it moment for $SWith the spectacular fall of NASDAQ:CRWD last week I expect to be a decisive week for SentinelOne.
Scenario nr 1
Break out of the correction or for Bill O'Neill followers break out of the base.
Supporting evidence:
1. Fundamental. Better than expected earnings
The biggest competitor is having a terrible day
2. Rising MACD histogram on the weekly
3. MACD lines almost crossing
4. Force Index getting positive
5. Getting The Positive Direction Line above the Negative Directional Line will mean that the bullish traders dominate the market.
Scenario nr 2
Break out is not ready yet and we go back in the correction range evidenced on my graph by the parallel channel
Why?
Waiting for earnings confirmation?
Force Index above 0 is minor at this point a follow-up week will break the trend.
The stock needs to deal with the overhang supply. First hurdle, people who bought around the $22 price.
SentinelOne's Stock Down 14% on Earnings MissSentinelOne's stock (NYSE: NYSE:S ) fell 14% following its mixed first-quarter financial results, which reported quarterly losses of 23 cents per share, significantly missing the analyst consensus estimate of losses of 5 cents by 360%. However, the company posted quarterly sales of $186.4 million, surpassing the analyst consensus estimate of $181.09 million by 2.93%.
Despite the bad earnings number, SentinelOne (NYSE: NYSE:S ) had some positive news to report as well. Sales that exceeded expectations actually soared 40% year over year. Gross profit margins jumped 5 full percentage points to 73%, and operating profit margins weren't exactly "profitable," but their negativity was cut in half, to 43%.
SentinelOne's (NYSE: NYSE:S ) first quarter of positive free cash flow (FCF) generated real cash profits of $41.1 million worth in just the first quarter, implying full-year FCF might be as high as $160 million. This makes SentinelOne (NYSE: NYSE:S ) a buy if the company can keep growing revenue at 40% and increase FCF at a similar pace.
On a $5.2 billion market capitalization, this implies the stock could currently cost as little as 32 times annual FCF, which seems a good price if the company can keep growing revenue at 40% and increase FCF at a similar pace. However, other investors might have been spooked by the company's forecast. Management said that second-quarter revenue will only be about $197 million, so better than the first quarter but slightly below Wall Street estimates. Full-year guidance came in short of Street expectations, with SentinelOne (NYSE: NYSE:S ) also noting that its GAAP earnings will remain negative all year long.
SentinelOne (NYSE: NYSE:S ) is technically oversold with a Relative Strength Index (RSI) of 21.31. The daily price chart depicts a down gap which occurred as a result of the earnings miss. But, investors are trying to fill in the downward gap formed.
S SentinelOne Options Ahead of EarningsIf you haven`t bought S prior to the previous earnings:
Then analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $3.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
🔒🚀 SentinelOne (S) Analysis - Cybersecurity Powerhouse! 🌐🤖📈 Technical Overview:
SentinelOne (S): Expanding beyond endpoint protection, launching security products for identity, cloud, and data lakes.
Strong growth in sales for cloud and data with triple-digit YoY growth.
Introduction of Purple AI seen as a positive development.
Improving operating margins and positive outlook for free cash flow.
📊 Trade Strategy:
Trade Opportunity: Bullish sentiment.
Entry: Above the $23.00-$24.00 range.
Upside Target: $35.00-$37.00.
🚨 Note: Market dynamics may influence outcomes.
Securing the future! 🔐🌐 #SentinelOne #TradeAnalysis #StockMarket 🚀💻
SentinelOne's Strategic Acquisition of PingSafe: A Gamechanger
In a groundbreaking move in the realm of cybersecurity, SentinelOne ( NYSE:S ), a leading player in AI security, is set to acquire Bengaluru-based PingSafe for a whopping $100 million. This deal marks the largest acquisition in the Indian cybersecurity startup space and is poised to have a significant impact on both companies and the broader industry. Let's delve into the details of this strategic move and explore the fascinating journey of PingSafe's founder, Anand Prakash, from a small village in Rajasthan to the forefront of the cybersecurity landscape.
The Acquisition:
The acquisition of PingSafe by SentinelOne ( NYSE:S ) is a strategic move aimed at bolstering the latter's capabilities in cloud security. The deal, a combination of stock and cash, is expected to close in the first quarter of FY25, positioning SentinelOne ( NYSE:S ) as a dominant force in safeguarding enterprises across endpoints, identities, and clouds. With nearly 12,000 customers already under its belt, the acquisition propels SentinelOne ( NYSE:S ) into a new echelon of cybersecurity prowess.
The Journey of Anand Prakash:
At the heart of this acquisition is Anand Prakash, the visionary founder of PingSafe. Hailing from an agricultural family in Bain village, Rajasthan, Prakash's journey is nothing short of inspirational. The 30-year-old, the first engineering graduate in his family, initially navigated the world of cybersecurity with a computer purchased during his IIT-JEE coaching days in Kota. His introduction to hacking, spurred by a friendly challenge, set the stage for a career marked by innovation and expertise.
Prakash's early experiences, from paying Rs 10 per hour at a cyber center to hacking an Orkut account, laid the foundation for his deep understanding of cybersecurity. After pursuing a degree in computer science from Vellore Institute of Technology, he embarked on a career that included a stint as a cybersecurity intern with Haryana Police and a position as a security engineer at Flipkart.
The Birth of PingSafe:
Prakash, driven by a passion for cybersecurity, co-founded AppSecure with his brother. His commitment to the field and reputation as a top white hat hacker led to bug bounty programs for major companies like Meta, Uber, Twitter, Tinder, and Salesforce. In 2017, Forbes recognized Prakash in its "30 under 30" list for enterprise technology in Asia, solidifying his status as a cybersecurity luminary.
The Technical Outlook:
As the acquisition unfolds, the technical outlook for SentinelOne's stock appears robust. The approximate horizontal trend channel has been broken, indicating strong development. SentinelOne ( NYSE:S ) is positioned for further growth, reflecting the market's positive response to the strategic move.
Conclusion:
SentinelOne's acquisition of PingSafe not only redefines the landscape of Indian cybersecurity but also highlights the remarkable journey of Anand Prakash. From a small village in Rajasthan to the forefront of cutting-edge cybersecurity, Prakash's story is a testament to the transformative power of innovation and determination. As the industry watches the integration of PingSafe's expertise into SentinelOne's portfolio, it becomes evident that this acquisition is more than just a business transaction – it's a pivotal moment in the evolution of cybersecurity on a global scale.
SentinelOne (NYSE:S) Stock PerformanceSentinelOne (NYSE:S) posted its quarterly earnings data on Tuesday. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.05,. SentinelOne had a negative net margin of 74.19% and a negative return on equity of 21.47%. The firm had revenue of $164.20 million for the quarter, compared to the consensus estimate of $156.09 million. During the same period in the prior year, the firm posted ($0.32) EPS. The firm's revenue was up 42.4% compared to the same quarter last year.
SentinelOne Stock Performance
SentinelOne (NYSE:S) stock opened at $20.01 on Wednesday. The stock has a market cap of $5.92 billion, a P/E ratio of -14.71 and a beta of 0.51. The firm has a 50 day simple moving average of $16.83 and a 200 day simple moving average of $16.32. SentinelOne has a 52 week low of $12.43 and a 52 week high of $21.95.
Insider Buying and Selling
In related news, CEO Tomer Weingarten sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.07, for a total transaction of $682,800.00. Following the completion of the sale, the chief executive officer now directly owns 848,969 shares in the company, valued at $14,491,900.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
In other SentinelOne news, CEO Tomer Weingarten sold 40,000 shares of SentinelOne stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.07, for a total value of $682,800.00. Following the completion of the sale, the chief executive officer now directly owns 848,969 shares in the company, valued at $14,491,900.83.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 1,538 shares of SentinelOne stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $16.61, for a total transaction of $25,546.18. Following the completion of the sale, the chief financial officer now owns 415,045 shares of the company's stock, valued at $6,893,897.45. The disclosure for this sale can be found here.
Over the last three months, insiders sold 243,758 shares of company stock worth $3,982,772. 5.93% of the stock is owned by company insiders.
Hedge Funds Weigh In On SentinelOne
A number of institutional investors have recently modified their holdings of the company. Cheyne Capital Management UK LLP bought a new position in SentinelOne during the second quarter worth $2,235,000. Liberty One Investment Management LLC increased its position in SentinelOne by 18.7% during the first quarter. Liberty One Investment Management LLC now owns 7,605 shares of the company's stock worth $124,000 after acquiring an additional 1,198 shares during the period. WINTON GROUP Ltd increased its position in SentinelOne by 56.7% during the first quarter.
WINTON GROUP Ltd now owns 34,721 shares of the company's stock worth $568,000 after acquiring an additional 12,562 shares during the period. Element Pointe Advisors LLC increased its position in SentinelOne by 50.0% during the second quarter. Element Pointe Advisors LLC now owns 15,000 shares of the company's stock worth $226,000 after acquiring an additional 5,000 shares during the period. Finally, Archford Capital Strategies LLC bought a new position in SentinelOne during the second quarter worth $148,000. Institutional investors own 71.33% of the company's stock.
Price Momentum
SentinelOne (NYSE:S) is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
S SentinelOne Options Ahead of EarningsIf you haven`t bought the dip on S:
Then analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $1.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
S SentinelOne Options Ahead of EarningsIf you haven`t bought S here:
Then analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2023-9-1,
for a premium of approximately $0.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
S SentinelOne Options Ahead of EarningsAnalyzing the options chain of S SentinelOne prior to the earnings report this week,
I would consider purchasing the $22.5 strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $0.85
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Taking a shot on SLooks like a decent setup for a long here. Spring backtest of that resistance level. Fairly tight stop on this one.
S SentinelOne Options Ahead Of EarningsLooking at the S SentinelOne options chain ahead of earnings , i would buy the $19 strike price Calls with
2023-3-17 expiration date for about
$1.40 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
S | Dollar Cost Average Into This One | WATCHINGSentinelOne, Inc. operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform. Its Singularity XDR Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats. The company was formerly known as Sentinel Labs, Inc. and changed its name to SentinelOne, Inc. in March 2021. SentinelOne, Inc. was incorporated in 2013 and is headquartered in Mountain View, California.
S SentinelOne Options Ahead Of EarningsLooking at the S SentinelOne options chain, i would buy the $30 strike price Calls with
2022-9-16 expiration date for about
$1.35 premium.
Looking forward to read your opinion about it.
Sentinel One: Retest and Fly. Sentinel One is a a relatively young cyber security company which had it's IPO last June. It was safe to say the IPO went well, it was the highest-valued cyber security stock IPO. 40.3 was the lowest price wicked to, that's the area of monthly support we're essentially at today. Cyber-Security is a fascinating space, S is a chart to keep your eyes on if you have interest in a developing stock in this sector.
S found its all time low recently at around 29 dollars. Volume surged at that price and even more so at the 35-38 dollar area. I'm looking to enter if we get a good retest from here.
My targets are: 33.5, 32.2, and 31 dollars. Take profits are outlined in the chart, 46, 51, and 56 dollars.
If we go below 28 dollars I will plan to exit the trade.
US Stock In Play: $S$S reflecting december RS, pretty identical to $BROS on their past 4 weeks of consolidation.
broken out of ATH AVWAP resistance for the first time this week. $53 entry clears a full month of price action
keep it on your Long watchlist!Overall trend Bullish
The correction could finish soon and it may start another bullish move soon!
Based on the previous behavior:
Bullish moves: 24-58%
Corrections: 16-30%
SentinelOne provides Endpoint Protection Platform solutions to optimally protect enterprises' internet-connected devices from cyber threats. The company benefits from an ongoing shift from legacy, on-premise offerings to cloud-based platforms that use machine learning and AI technology. SentinelOne is strongly positioned to compete with and displace legacy incumbents with its next-gen EPP offerings, including extended detection and response capabilities.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
More detail will be published soon!
Best,
Moshkelgosha
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