Long Position on S @ $62.00 on 9/13/2021 (Fundamentals)

SentinelOne, Inc. (S) operates as a cybersecurity provider in the United States.

Its Singularity Platform delivers artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, and cloud workloads, enabling 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.

SentinelOne Inc. reported a 2nd Quarter July 2021 loss of $0.56 per share on revenue of $45.8 million. The consensus estimate was a loss of $0.37 per share on revenue of $40.5 million.

The company said it expects third quarter revenue of $49.0 million to $50.0 million and fiscal year revenue of $188.0 million to $190.0 million. The current consensus revenue estimate is $45.85 million for the quarter ending October 31, 2021 and revenue of $176.15 million for the year ending January 31, 2022.

Following a loss during it's earnings on September 8. investors should consider shares as it's revenues are exceeding growth expectations.

Entry Point: $62.00

Trading Range: $39.94 - $73.47

Stop Loss: $60.00

Target Price: $68.00

Updates

10/21/2021 12:50:26 PM

S closed at $66.80

Position closed on 10/21/2021 at price of $66.80 with a 7.74% gain in 38 days.

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