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SentinelOne (S) reports big win in Q3 earnings

By Joseph Toppe

21:39, 7 December 2021

SentinelOne logo on a building
SentinelOne - Photo: Shutterstock

Third quarter and fiscal year earnings for SentinelOne show sizable growth year-over-year for the cybersecurity startup.

In an earnings report issued after market hours on Tuesday, the California-based company revealed total revenue reached $56m (£42.49m) over the third quarter of fiscal year 2022, representing a 128% spike in growth when compared to the $24.6m reached during the same period of fiscal 2021.

In the release, SentinelOne’s CEO Tomer Weingarten said, “Customers continue to choose Singularity XDR because of our protection, detection, response, and automation capabilities.”

“Q3 marks the third consecutive quarter of triple digit ARR growth,” he said. ““We continued to make progress across all aspects of our growth strategy outlined during the IPO.”

Q3 highlights

As of 31 October, annualised recurring revenue jumped 131% to $237m year-over-year, while total customer count grew more than 75% over the same time.


15,805.40 Price
-1.190% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


4,561.80 Price
-0.740% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.8


16,368.50 Price
-2.960% 1D Chg, %
Long position overnight fee -0.0261%
Short position overnight fee 0.0042%
Overnight fee time 22:00 (UTC)
Spread 5.0


36,150.10 Price
-0.290% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2

Gross margin was also up in the third quarter of fiscal year 2022, surging 65% after rising just 58% over the same period last year, while non-GAAP gross margin popped 67%, compared to 58% in fiscal 2021.

Meanwhile, cash, cash equivalents and short-term investments were $1.7bn and includes around $1.4bn of net proceeds from the initial public offering and the concurrent private placement after deducting underwriting discounts and commissions.

At the close of trading on Tuesday, shares for SentinelOne were down 9.48%. The company trades on the New York Stock Exchange under the ticker S.

Read more: US market close: Big indexes continue positive week

Markets in this article

SentinelOne, Inc.
20.29 USD
0.45 +2.280%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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