Corrected: BUZZ-SentinelOne falls on weak annual profit forecast
CORRECTED-BUZZ-SentinelOne falls on weak annual profit forecast Corrects forecast year to FY27 from FY26 in second bullet
** Cybersecurity firm SentinelOne's shares S.N fall 3.6% to $21.9 premarket
** Co forecasts FY27 adj. EPS between 30 cents and 32 cents, below analysts' estimate of 34 cents - data compiled by LSEG
** Sees Q3 revenue and adj .EPS in the range of $309 mln to $311 mln and 8 cents to 9 cents, respectively, slightly below estimates of $311.22 mln and 10 cents
** Brokerage DA Davidson says new recurring revenue growth remains weak, suggesting that overall ARR (Annual Recurring Revenue) growth could slow by Q4 and remain slower into fiscal 2028
** Co posts Q2 adj. EPS of 8 cents and revenue of $292 mln, above estimates of 7 cents and $290.24 mln
** 22 of 38 brokerages rate the stock "buy" or higher, 16 "hold"; median PT is $24- LSEG-compiled data
** As of last close, stock up 51.4% YTD
(Reporting by Anand Gopal in Bengaluru)
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