Investing.com -- SentinelOne (NYSE:S) delivered underwhelming full-year guidance Wednesday that overshadowed fourth-quarter results that beat on the top and bottom lines as the surge in data needed to fuel the the artificial-intelligence revolution continued to drum up strong demand for cybersecurity.
SentinelOne fell nearly 10% in premarket trading Thursday, after closing Wednesday at $27.94.
The cybersecurity firm reported adjusted loss per share of $0.02 on revenue of $174.2 million, topping analyst estimates for a loss of $0.04 and revenue of $169.3M.
Annualized recurring revenue, or ARR, jumped 39% to $724.4M in the quarter from a year earlier.
The quarter was fine with some signs of stability and pockets of product excitement, analysts at Deutsche Bank said, in a note, keeping a 'hold' rating, and a 12-month $28 price target.
However, the numbers were "perhaps a bit shy of embedded expectations with the stock +10% this past week in sympathy with nearest comp CrowdStrike's (NASDAQ:CRWD) impressive F4Q."
Looking ahead, the company forecast revenue of $181M for Q1, and $812M to $818M for the full year, compared with forecast for $180.7M and $818.1M, respectively.
"We still believe the endpoint remains hypercompetitive, especially in the mid-market, and while there remains a meaningful legacy endpoint base still up for grabs, we believe much of the low-hanging fruit has already been picked," Deutsche Bank added.
(Yasin Ebrahim contributed to this article.)