Shares of cybersecurity company SentinelOne (S) gained in today’s trading as investors await its Q2 earnings results on August 29 after the market closes. Analysts are expecting earnings per share to come in at -$0.01 on revenue of $197.4 million. This equates to 87.5% and 31.8% year-over-year increases, respectively, according to TipRanks’ data.
This is ideal because earnings per share should grow faster than revenue as this demonstrates a high degree of operating and financial leverage in the business. It’s also worth noting that SentinelOne has beaten earnings estimates for 11 consecutive quarters.
And there are reasons to believe that this win streak could continue. In fact, according to TipRanks’ Bulls Say, Bears Say tool, bullish analysts point to the company’s growth opportunity in the Cloud Security down-market as a growth catalyst since mid-sized enterprises remain highly underpenetrated. They also seem to…
