SentinelOne: Fiscal Q1 Earnings Snapshot
MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — SentinelOne Inc. (S) on Wednesday reported a loss of $208.2 million in its fiscal first quarter.
The Mountain View, California-based company said it had a loss of 63 cents per share. Earnings, adjusted for pretax expenses and stock option expense, were 2 cents per share.
The results matched Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.
The cybersecurity provider posted revenue of $229 million in the period, topping Street forecasts. Nine analysts surveyed by Zacks expected $228 million.
For the current quarter ending in July, SentinelOne said it expects revenue in the range of $242 million.
The company expects full-year revenue in the range of $996 million to $1 billion.
_____
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
19 minutes ago
- Bloomberg
Bloomberg: The Asia Trade 9/6/25
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. Note: US Defense Secretary Pete Hegseth said in a post on X that Marines could be sent next if protests intensify in California. (Source: Bloomberg)
Yahoo
39 minutes ago
- Yahoo
Tariff-hit firms should review bonuses or risk backlash, US lawyers warn
Businesses hit by tariffs should start reviewing their bonus policies and how deeply they may need to cut executive payouts if they hope to avoid a public backlash, lawyers have said. Partners at the Silicon Valley law firm Cooley said that while pay was probably the last thing on bosses' minds as they scramble to adapt to Donald Trump's unpredictable tariff policies, pay committees should start assessing their options soon. 'Many will encounter rising material costs and reduced profit margins, particularly given the significant pressure on the supply chain,' a memo by its top lawyers said. 'Taken together with the recent stock market volatility, companies (both public and private) will need to address the impact of these challenges on their business and, importantly, consider the effects on director and executive compensation programs.' Related: US firms say Trump trade war is hitting production as dollar nears three-year low Cooley – whose clients have included Netflix, Apple, Meta, and Twitter before its takeover by Elon Musk and rebrand as X – said that without a proper review of pay policies, companies may end up handing big bonuses to bosses while the rest of the workforce suffers from cost cuts and job losses. That may be due to remuneration policies that do not automatically account for the impact of so-called 'black swan events', such as a dramatic U-turn in US trade policy or a global pandemic. Michael Bergmann, a partner at Cooley, told the Guardian: 'There is a meaningful risk that rank-and-file employees are going to suffer here, and that could take the form of layoffs, folks losing their jobs or wages.' The memo said: 'Given the overall macroeconomic and sociopolitical climate, there is a strong risk that any accommodation for those [tariff] impacts will be viewed as unduly rewarding executives, particularly if rank-and-file employees do not benefit in a proportionate way. Accordingly, compensation committees and boards must tread deliberately and carefully.' Cooley lawyers said there was also a possibility that executives might be unduly punished for tariff impacts that were beyond their control, and that this should also be considered by remuneration committees. It is likely that pay packets will start to reflect tariff impacts from early next year. Trump rolled out sweeping tariffs against most countries in April, in a shock move that left companies looking at how they could offset a potential hit to trade and revenues. The US president later paused and then reduced most tariffs, but last week he refocused attention on steel and aluminium imports, doubling tariffs for all countries except the UK to 50%. Tech companies have also suffered as a result of Trump's trade war with Beijing, which has included an order restricting AI chip exports to China. While Cooley's original memo was aimed at US companies, Bergman said the warning was relevant to others around the world, including in the UK, with the ripple effects also due to hurt businesses even if they do not directly trade with US companies. 'The company's nationality is not really the driving question here,' he said. Luke Hildyard, the director of the High Pay Centre thinktank, suggested the tariff fallout should prompt a more fundamental review of executives' multimillion-pound pay packets. 'The entire flawed premise of vast executive pay awards is that business success is driven by a tiny number of business leaders, and that companies should pay whatever it takes to attract and retain the best ones,' he said. 'The tariff furore is only the latest example – following energy supply challenges in Europe, the pandemic or the supply chain issues in its aftermath – of business leaders being pretty powerless in the face of wider events. Maybe the most useful lesson here is that they are mortals like the rest of us and more moderate pay awards that reflect that fact would be appropriate.' Sign in to access your portfolio
San Francisco Chronicle
43 minutes ago
- San Francisco Chronicle
Asian shares rally ahead of US-China trade talks
HONG KONG (AP) — Shares rose in Asia on Monday ahead of the second round of trade talks between Washington and Beijing, due later in the day in London. Tokyo's Nikkei 225 gained 1.1% to 38,137.09 as the government reported that the Japanese economy contracted by 0.2% in the January-March quarter. In South Korea, the Kospi added 1.9% to 2,865.52. Chinese markets rose even though the government reported that exports slowed in May, growing 4.8% from a year earlier after a jump of more than 8% in April. Exports to the United States fell nearly 10% compared with a year earlier. China also reported that consumer prices fell 0.1% in May from a year earlier, marking the fourth consecutive month of deflation. Hong Kong's Hang Seng picked up 1.4% to 24,119.64 while the Shanghai Composite Index climbed 0.4% to 3,397.13. Australia's market was closed for a public holiday. On Friday, stocks gained ground on Wall Street following a better-than-expected report on the U.S. job market. The gains were broad, with every sector in the S&P 500 rising. That solidified a second consecutive winning week for the benchmark index, which has rallied back from a slump two months ago to come within striking distance of its record high. The S&P 500 rose 1% to 6,000.36. The Dow Jones Industrial Average added 1% to 42,762.87 while the Nasdaq gained 1.2%, to 19,529.95. Technology stocks, with their outsized values, led the broad gains. Chipmaker Nvidia jumped 1.2% and iPhone maker Apple rose 1.6%. Tesla rose 3.7%, regaining some of the big losses it suffered on Thursday when Trump and Musk sparred feverishly on social media. Circle Internet Group, the U.S.-based issuer of one of the most popular cryptocurrencies, rose 29.4%. That adds to its 168% gain from Thursday when it debuted on the New York Stock Exchange. U.S. employers slowed their hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump's trade war. The closely watched monthly update reaffirmed that the job market remains resilient, despite worries from businesses and consumers about the impact of tariffs on goods going to and coming from the U.S. and its most important trading partners. President Donald Trump's on-again-off-again tariffs continue to weigh on companies. Lululemon Athletica plunged 19.8% after the maker of yoga clothing cut its profit expectations late Thursday as it tries to offset the impact of tariffs while being buffeted by competition from start-up brands. Lululemon joins a wide range of companies, from retailers to airlines, that have warned investors about the potential hit to their revenue and profits because of tariffs raising costs and consumers potentially tightening their spending. Hopes that Trump will lower his tariffs after reaching trade deals with other countries are a main reason the S&P 500 has rallied back so furiously since dropping roughly 20% two months ago from an all-time high. The economy is absorbing the impact from tariffs on a wide range of goods from key trading partners, along with raw materials such as steel. Heavier tariffs could hit businesses and consumers in the coming months. The U.S. economy contracted during the first quarter. Recent surveys by the Institute for Supply Management, a trade group of purchasing managers, found that both American manufacturing and services businesses contracted last month. On Tuesday, the Organization for Economic Cooperation and Development forecast 1.6% growth for the U.S. economy this year, down from 2.8% last year. The uncertainty over tariffs and their economic impact has put the Federal Reserve in a delicate position.
