Sentinel One Stock Is A Cyber Security Play

On Sept. 8, 2021, SentinelOne released its second-quarter earnings report for the quarter ending in 2020. The Company saw an earnings-per-share (EPS) loss of (-$0.20), excluding non-recurring items, inline consensus analyst estimates for a loss of (-$0.20). Revenues rose 121.3% year-over-year (YoY) to $45.75 million, beating analyst estimates for $40.37 million. Annualized recurring revenue (ARR) rose 127% to $198 million. SentinelOne CEO Tomer Weingarten commented:

The Company raised guidance for Q3 2021 for revenues to come in between $49 million to $50 million compared to $45.71 million consensus analyst estimates. The Company sees full-year 2021 revenues to come in between $188 million to $190 million.

CEO Weingarten (NYSE:WRI) set the tone:

CEO Weingarten noted:

“In other words, write the rules once and let it trigger automatic alerts and instant responses enterprise wide. That’s more control and more automation and more prevention. The secondary of focus is around zero trust. Every edge of the network must be secured. We did this in two ways in Q2, tackling group IoT devices and expanding zero trust partnerships and enterprise can’t protect what it can see, including IoT and unmanaged devices. One compromised printer can quickly become an adversary’s home base for an attack. The solution for the IoT and unmanaged device challenges are ranger module. Ranger identifies and tracks all rogue IoT devices, and we’ve just released Auto Deploy.”, stated CEO Weingarten.

Using the rifle charts on the weekly and daily time frames enables a precision view of the price action playing field for S stock. The weekly rifle chart is still developing since it’s a new issue, however, the weekly 5-period moving average (MA) formed at $65.60 after peaking at the $73.48 Fibonacci (fib) level. The weekly stochastic and Bollinger Bands (BBs) will need more time to materialize. The daily rifle chart formed a market structure high (MSH) sell trigger on the breakdown under $65.51. The daily downtrend has a falling 5-period MA at $62.87 which nearly overlaps the daily market structure low (MSL) buy trigger on a breakout through $62.89. The daily stochastic has a mini inverse pup pointing shares towards the daily lower BBs at $57.08. Prudent investors can watch for opportunistic pullback levels at the $60.22 fib, $58.52 fib, $56.15 fib, $54.48 fib, $52.33 fib, $49.97 fib, and the $49.28 fib. The upside trajectories range from the $71.77 fib up to the $86.11 fib level.

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