S - Why SentinelOne Stock Is Dipping After Palo Alto Network Earnings | Benzinga
SentinelOne, Inc. (NYSE:S) shares are trading lower Wednesday as shares of cybersecurity-related stocks dip in sympathy with Palo Alto Networks, Inc. (NASDAQ:PANW), which fell after the company issued weak guidance with its second-quarter financial results.
The Details:
Palo Alto's fiscal second-quarter revenue increased 19% year-over-year to $1.98 billion, and the company reported quarterly earnings of $1.46 per share, which beat analyst estimates of $1.30 per share.
However, Palo Alto expects third-quarter revenue to be in a range of $1.95 billion to $1.98 billion, versus estimates of $2.04 billion. The company sees third-quarter adjusted earnings to be between $1.24 and $1.26 per share, versus estimates of $1.29 per share.