Cybersecurity firm SentinelOne faces investor backlash after issuing cautious guidance and announcing layoffs, pressuring shares.
SentinelOne (S) dropped nearly 14% in premarket trading Friday as Wall Street reacted negatively to the company’s guidance and workforce reductions. Analysts cited restrained revenue growth as a key concern, weighing on sentiment.
The decline follows a Neutral rating from Citi, which highlighted sluggish topline expansion. Prior expectations had been for stronger performance, but the company’s outlook fell short of consensus estimates.
No immediate market reaction details were provided beyond the premarket sell-off.