Citizens reiterated a Market Outperform rating and $23.00 price target on SentinelOne (NYSE:S) after mixed Q1 FY2027 results.
Revenue was $276.7M, up 21% YoY, slightly below the $277.2M consensus but above company guidance. Annual Recurring Revenue hit $1,163.0M, beating the $1,159.9M estimate. Non-GAAP operating margin of 3.8% exceeded the 2.2% consensus. The firm maintains a 73% gross margin.
Shares fell 15.8% in after-hours trading. Year-to-date, the stock is up 3.7% vs. the Russell 3000's 9.6% gain. Current price: $18.02.
Analyst Rustam Kanga maintained the price target and rating.
