Latest news with #Weingarten
Yahoo
6 days ago
- Business
- Yahoo
S Q1 Earnings Call: SentinelOne Addresses Sales Cycle Delays Amid Macro Uncertainty
Cyber security company SentinelOne (NYSE:S) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 22.9% year on year to $229 million. Its non-GAAP profit of $0.02 per share was in line with analysts' consensus estimates. Is now the time to buy S? Find out in our full research report (it's free). Revenue: $229 million (22.9% year-on-year growth) Adjusted EPS: $0.02 vs analyst estimates of $0.02 (in line) Adjusted Operating Income: -$3.93 million vs analyst estimates of -$3.76 million (-1.7% margin, relatively in line) Revenue Guidance for Q2 CY2025 is $242 million at the midpoint, below analyst estimates of $244.8 million Operating Margin: -38.2%, up from -43.3% in the same quarter last year Customers: 1,459 customers paying more than $100,000 annually Annual Recurring Revenue: $948.1 million at quarter end, up 24.4% year on year Market Capitalization: $6.65 billion SentinelOne's first quarter performance was shaped by increased adoption of its AI-driven security platform across large enterprises and mid-market customers, as well as ongoing customer expansion in cloud and data security. CEO Tomer Weingarten highlighted triple-digit bookings growth for Purple AI and a milestone of over $100 million in annual recurring revenue (ARR) for the company's data solutions. Management acknowledged that elongated sales cycles, especially for larger enterprise deals, impacted net new ARR growth. Weingarten attributed these delays chiefly to customers pausing spending decisions in response to wider economic uncertainty, emphasizing, 'We have not seen project cancellations or lost deals, and our win rates remain strong.' Looking ahead, SentinelOne's guidance incorporates a cautious view of the macroeconomic environment, with management noting a measured outlook due to unpredictable customer purchasing behavior. CFO Barbara Larson explained that the company's revenue forecast accounts for recent volatility and the possibility of further disruption, but also pointed to improved sales trends in May and a robust pipeline for the rest of the year. Management expects ongoing growth in platform adoption and continued momentum in AI and cloud security to support revenue expansion, while investments in automation and operational efficiency are projected to yield further margin improvements. Larson stated, 'We remain focused on instilling operational discipline and enhancing efficiency across the business.' Management cited platform innovation and expanded AI capabilities as key drivers of customer adoption, while also noting that delayed purchasing decisions in April contributed to lower net new ARR. AI-powered product traction: SentinelOne's Purple AI solution saw triple-digit year-over-year bookings growth, with an attach rate exceeding 25% of subscriptions sold in the quarter, indicating strong customer demand for AI-based threat detection and response. Cloud and data suite expansion: The company launched its unified cloud security suite, integrating workload, posture, detection, and AI security into a single platform, which management says makes deployments simpler and broadens market appeal. Data solutions surpassed $100 million in ARR, driven by customers seeking modern alternatives to legacy SIEM (Security Information and Event Management) products. Enterprise and mid-market momentum: Large enterprise customer wins included displacements of incumbent vendors and consolidation of security tools, while the mid-market segment maintained healthy expansion rates. Management highlighted higher ARR per customer and longer contract durations as evidence of increasing platform adoption. Partner ecosystem development: SentinelOne introduced the Partner One program to strengthen relationships with managed service providers, incident responders, value-added resellers, and technology partners. The company believes this initiative will expand its reach and make its platform more accessible. Public sector opportunities and challenges: Achieving FedRAMP High authorization for multiple products positions SentinelOne to compete for sensitive U.S. government contracts. However, management noted that ongoing federal budget uncertainty is elongating sales cycles in the public sector. SentinelOne's outlook is driven by expectations for continued adoption of its AI and cloud security solutions, balanced by ongoing caution regarding customer purchasing behavior and macroeconomic headwinds. AI and platform expansion: Management expects further growth from new and existing customers adopting AI-powered modules and broader platform offerings, with ongoing product enhancements aiming to increase deal sizes and customer retention. Operational efficiency focus: Investments in automation and cost discipline are projected to drive margin improvements, with management reiterating a target for full-year operating margin to improve by over 650 basis points. The company plans to reinvest in innovation while maintaining a careful approach to headcount and resource allocation. Macro and sector risks: SentinelOne's guidance reflects uncertainty surrounding customer budgets, especially for larger deals and federal contracts. Management is monitoring for potential delays or further disruptions in purchasing cycles, while highlighting that no major deal cancellations have occurred. In the coming quarters, the StockStory team will be watching (1) the pace of recovery in net new ARR and whether delayed deals convert as macro conditions stabilize, (2) adoption rates of the newly launched unified cloud security suite and further expansion of AI-driven solutions, and (3) progress in federal sector contracts following recent FedRAMP High authorizations. Execution on operational efficiency initiatives and the impact of the new Partner One program will also be key factors to monitor. SentinelOne currently trades at a forward price-to-sales ratio of 6.1×. In the wake of earnings, is it a buy or sell? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Mikro-Technik selects McCormick County to establish first North American operation
McCORMICK COUNTY, S.C. (WJBF) – Mikro-Technik, a natural fiber manufacturer headquartered in Germany, announced Tuesday it has selected McCormick County, S.C. to establish its first operation in North America. According to a statement from the Office of the Governor Henry McMaster on May 27, Mikro-Technik is leasing and upfitting the facility located at 8463 Highway 28/221 in Plum Branch. Mikro-Technik processes cellulose fiber into additives for the food and pet food industries. 'Establishing our first North American facility in McCormick County marks an exciting milestone for Mikro-Technik,' said CEO K. Weingarten. 'This investment allows us to better serve our customers across the American continent, while also contributing to the local economy.' The $3.2 million-dollar investment is expected to bring 27 new jobs to the area. 'On behalf of the county council and the citizens of McCormick County, we welcome Mikro-Technik to our community,' said McCormick County Council Chairman Bernie Hamby. He added, 'It is exciting to see this company lease and upfit the McCormick County speculative building to create jobs and provide an economic boost for McCormick County.' Operations are expected to be online in the third quarter of 2025. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
New York Post
22-05-2025
- Politics
- New York Post
Cheers for school choice — competition makes ALL education better
Now that Texas and South Carolina have passed school choice bills, parents will be able to choose the best school for their kids in 17 states. Why not all states? After all, competition improves services. Advertisement The Post Office couldn't get it there overnight. Then FedEx showed it can be done. Quickly, UPS and DHL did it, too, and now even the Post Office does . . . sometimes. Advertisement Consumer choice is a big reason capitalist countries outperform socialist ones. But in most of America, parents have little or no choice when it comes to which school their kids attend. Bureaucrats decide, based on where you live. Live in a neighborhood with lousy schools? Advertisement Too bad for your kids. Some parents, desperate to get their kids out of a bad school, are jailed for lying about where they live. All parents should get to choose which school their kids attend. But in most states, government bureaucrats won't let them. Advertisement Sometimes, it's because they get big political donations from teachers unions. Unions don't want competition. Years ago, New York City's teachers union staged a protest outside my office because I did a TV special about school choice. I'd confronted union boss Randi Weingarten about how hard it was to fire even a terrible teacher. Instead, principals sneakily transfer them to another school. 'Dance of the lemons,' they call it. Weingarten just replied, smugly, 'We'll police our own profession.' Her protesters then picketed ABC News headquarters, shouting, 'Shame on you, John Stossel!' Advertisement 'They don't want people to be able to take their kids somewhere else because they know that they're failing your children,' says education researcher Corey DeAngelis. 'Money doesn't belong to the government schools. Education funding is supposed to be meant for educating children, not for propping up and protecting a particular institution. We should fund the student, not the system.' Then, parents can take education funding to a charter or a private school. Schools get better when they have to compete for your kids. Advertisement A recent study found that 'more education freedom is significantly associated with increased NAEP scores.' [The National Assessment of Educational Progress is known as the 'gold standard' of US K-12 education.] Florida's math and reading scores were once among the worst in the nation. After it expanded school choice, says DeAngelis, 'They ranked No. 1 . . . And it's not a money issue. They spend about 27% less than the national average, and they're knocking it out of the park.' Advertisement A study on Florida's expansion of school choice found 'benefits include higher standardized test scores and lower absenteeism and suspension rates. Effects are particularly pronounced for lower-income students.' When there's choice, public schools get better, too. Twenty-nine studies looked into the impact of school choice on test scores; 26 found a positive effect. Advertisement Wait. I shouldn't call them public schools. They're government schools. They're less 'public' than a 'private' supermarket. Markets are often open 24/7. Anyone can enter. Try that with a government-run 'public' school. School bureaucrats and teachers unions say that 'choice takes money away from public schools!' But that's not true: Government schools now spend about $20,000 per student. School choice vouchers average just $8,200. So, when a student leaves and takes voucher money with them, government schools are left with more money per student. As DeAngelis puts it, 'They get to keep thousands of dollars for students they're no longer educating.' Ignorant media leftists insist that schools are underfunded. 'If we want our public schools to get better, we can't take money out of the system,' they say. But no one is taking money out of the system! Inflation-adjusted funding per student doubled over the past 40 years. 'Government schools in the United States now spend around $20,000 per student per year,' says DeAngelis. 'That's about 60% higher than average private school tuition!' $20,000 per child. Where does that money go? 'To administrative bloat,' says DeAngelis. Since 2000, student enrollment rose by 5%, but the number of administrators increased by 95%. 'The best solution to this problem is to make the funding portable,' says DeAngelis. 'Let funding follow the child. Then maybe administrators will have an incentive to up their game . . . Competition is a rising tide that lifts all boats.' John Stossel is the author of 'Give Me a Break: How I Exposed Hucksters, Cheats, and Scam Artists and Became the Scourge of the Liberal Media.'
Daily Mail
23-04-2025
- Politics
- Daily Mail
Fox host Martha MacCallum snaps during tense exchange with guest
Fox host Martha MacCallum snapped at Randi Weingarten, the president of the American Federation of Teachers, after she called the journalist 'sweetheart' on-air. The pair discussed the Supreme Court case that was taken up early Tuesday about censorship over LGBTQ + materials in public schools. They scoffed with each other after Weingarten praised a Massachusetts school district for creating 'a real culture of a safe and welcoming school.' MacCallum then chuckled and shook her heard before stating: 'So what you're saying is if we can find other areas in the country where the proficiency levels are also abysmal and should be embarrassing to any education organization, then we can start to make assessments and say, "Oh it's because of choice." or "Oh it's because of money?" We know that money doesn't equate to a better outcome.' While the news anchor explained the topic, Weingarten abruptly cut her off - and it did not sit well with 'The Story' host at all. 'Martha, Martha, Martha, sweetheart, sweetheart listen to me,' Weingarten said as she moved her hand toward the camera. 'Please don't call me sweetheart,' McCallum quickly replied as she shook her head and appeared to be in disgust about the 'condescending' phrase. Weingarten swiftly apologized for her comment, telling McCallum: 'I'm sorry, my bad,' before carrying on with their conversation. While she did so, MacCallum's face told a different story as she appeared to be annoyed with the guest for the duration of the segment. Further into their discussion, MacCallum told Weingarten that books suggesting that someone should change their gender or that they were born in the wrong body will 'freak out' kids and their families. Weingarten then said that schools across the county have the obligation to alert parents about any controversial book, including Harper Lee's 'To Kill A Mockingbird.' 'You don't want a child to hear a book read to the whole classroom and go home and say "Why am I being taught that I was born a girl but that was just a guess?" I mean, that is going to freak out some children, MacCallum said. 'They're going to be very confused at four, five and six years old and I know that you said you don't agree with reading this in the classroom, but I'm saying this is the problem. And then that same kid can't read and is pushed all the way to 8th grade and they still can't read.' Weingarten then quipped: 'So Martha, I suspect that you and I agree on more than we don't. I know you don't believe me.' 'But, what I'm saying to you is that I saw that case and if you had not socialized books with parents and a book that may be controversial and you talk to the parents of your kids in that classroom, that's gonna be a problem regardless of what's in the book. 'And look, that was a problem, look at 'Catcher in the Rye,' think about 'To Kill A Mockingbird,' think about other books out of different eras that's a problem. You have to actually spend time, as a schoolteacher or a school principal, with parents before you end up talking about issues that some people will think is controversial,' she added. This is not the first time MacCallum and Weingarten have spared on-air, as they had a similar heated conversation in 2021 regarding the reopening of schools following the Covid-19 pandemic. MacCallum cited a New York Post report that accused the American Federation of Teachers (AFT) of influencing the CDC's timeline for when schools were supposed to reopen nationwide, Mediaite reported. After welcoming Weingarten on the show, the labor leader said the AFT was concerned about coronavirus variants that kept schools closed in the United Kingdom. 'We believe that the conditions have changed now so that everybody can be back in full time, but the bottom line is this: I begged the Trump administration, I can show you — I have many, many letters right now. I went to my office to find them,' Weingarten said. 'I begged the Trump administration to do exactly what the Biden administration did, which is real safety guidance that the former president didn't mock every other day.' She then went on to praise former President Joe Biden, but that's when MacCallum cut her off and said: 'transmission among children is very low.' The Fox host then went on to note that schools in China and Europe had already reopened at that point. MacCallum then went on to say that Weingerten previously blamed the slow school return on the lack of money allotted for other pressing issues, including mold. 'Obviously you didn't have the pull with the prior administration, but in this administration there's been $20 million that has gone from — to Democrats — from teachers unions and teacher organizations. So that money seems to be working,' MacCallum said. Weingerten then refuted her statement and praised the Covid-19 vaccine as 'a real game changer.' MacCallum, again, pushed back on her statement before Weingerten said: 'The bottom line is it's time for our kids to be back in school. 'I am grateful that the Biden administration is listening to parents and to teachers and to administrators and to even Fox to try to figure out how we get people vaccinated, how we get our kids back to school and how we get our country back to being back.'
Daily Mail
23-04-2025
- Politics
- Daily Mail
Fox host Martha McCallum snaps at on-air guest for 'disrespectful' name
Fox host Martha MacCallum snapped at Randi Weingarten, the president of the American Federation of Teachers, after she called the journalist 'sweetheart' on-air. The pair discussed the Supreme Court case that was taken up early Tuesday about censorship over LGBTQ + materials in public schools. They scoffed with each other after Weingarten praised a Massachusetts school district for creating 'a real culture of a safe and welcoming school.' MacCallum then chuckled and shook her heard before stating: 'So what you're saying is if we can find other areas in the country where the proficiency levels are also abysmal and should be embarrassing to any education organization, then we can start to make assessments and say, "Oh it's because of choice." or "Oh it's because of money?" We know that money doesn't equate to a better outcome.' While the news anchor explained the topic, Weingarten abruptly cut her off - and it did not sit well with 'The Story' host at all. 'Martha, Martha, Martha, sweetheart, sweetheart listen to me,' Weingarten said as she moved her hand toward the camera. 'Please don't call me sweetheart,' McCallum quickly replied as she shook her head and appeared to be in disgust about the 'condescending' phrase. Weingarten swiftly apologized for her comment, telling McCallum: 'I'm sorry, my bad,' before carrying on with their conversation. While she did so, McCallum's face told a different story as she appeared to be annoyed with the guest for the duration of the segment. Further into their discussion, MacCallum told Weingarten that books suggesting that someone should change their gender or that they were born in the wrong body will 'freak out' kids and their families. Weingarten then said that schools across the county have the obligation to alert parents about any controversial book, including Harper Lee's 'To Kill A Mockingbird.' 'You don't want a child to hear a book read to the whole classroom and go home and say "Why am I being taught that I was born a girl but that was just a guess?" I mean, that is going to freak out some children, MacCallum said. 'They're going to be very confused at four, five and six years old and I know that you said you don't agree with reading this in the classroom, but I'm saying this is the problem. And then that same kid can't read and is pushed all the way to 8th grade and they still can't read.' Weingarten then quipped: 'So Martha, I suspect that you and I agree on more than we don't. I know you don't believe me.' 'But, what I'm saying to you is that I saw that case and if you had not socialized books with parents and a book that may be controversial and you talk to the parents of your kids in that classroom, that's gonna be a problem regardless of what's in the book. 'And look, that was a problem, look at 'Catcher in the Rye,' think about 'To Kill A Mockingbird,' think about other books out of different eras that's a problem. You have to actually spend time, as a schoolteacher or a school principal, with parents before you end up talking about issues that some people will think is controversial,' she added. This is not the first time MacCallum and Weingarten have spared on-air, as they had a similar heated conversation in 2021 regarding the reopening of schools following the Covid-19 pandemic. MacCallum cited a New York Post report that accused the American Federation of Teachers (AFT) of influencing the CDC's timeline for when schools were supposed to reopen nationwide, Mediaite reported. After welcoming Weingarten on the show, the labor leader said the AFT was concerned about coronavirus variants that kept schools closed in the United Kingdom. 'We believe that the conditions have changed now so that everybody can be back in full time, but the bottom line is this: I begged the Trump administration, I can show you — I have many, many letters right now. I went to my office to find them,' Weingarten said. 'I begged the Trump administration to do exactly what the Biden administration did, which is real safety guidance that the former president didn't mock every other day.' She then went on to praise former President Joe Biden, but that's when MacCallum cut her off and said: 'transmission among children is very low.' The Fox host then went on to note that schools in China and Europe had already reopened at that point. This is not the first time MacCallum and Weingarten (pictured with Jill Biden in December) have spared on-air, as they had a similar heated conversation in 2021 regarding the reopening of schools following the Covid-19 pandemic MacCallum then went on to say that Weingerten previously blamed the slow school return on the lack of money allotted for other pressing issues, including mold. 'Obviously you didn't have the pull with the prior administration, but in this administration there's been $20 million that has gone from — to Democrats — from teachers unions and teacher organizations. So that money seems to be working,' MacCallum said. Weingerten then refuted her statement and praised the Covid-19 vaccine as 'a real game changer.' MacCallum, again, pushed back on her statement before Weingerten said: 'The bottom line is it's time for our kids to be back in school. 'I am grateful that the Biden administration is listening to parents and to teachers and to administrators and to even Fox to try to figure out how we get people vaccinated, how we get our kids back to school and how we get our country back to being back.'
