Cybersecurity company SentinelOne shares drop 14% as forecast misses estimates

Investing.com -- SentinelOne Inc (NYSE:S) shares were down 14% in extended trading as the Cybersecurity firm provided a weaker than expected guidance. 

But the company reported a 29% increase in fourth-quarter revenue to $225.5 million, which also beat analysts’ estimates of $222.24 million.

The company posted adjusted earnings per share of $0.04, exceeding expectations of $0.01.

Annualized recurring revenue rose 27% to $920.1 million as of Jan. 31. Customers with ARR of $100,000 or more grew 25% to 1,411.

SentinelOne forecast first-quarter revenue of $228 million, below analysts' estimate of $235.5 million.

Full-year revenue guidance of $1.007 billion to $1.012 billion also came in below expectations of $1.03 billion.