Shares of SentinelOne (NYSE:S) experienced a significant 18% increase intra-day today following the announcement of their third-quarter results, which exceeded expectations.

The company reported earnings per share (EPS) of ($0.03), surpassing the predicted ($0.08). Their revenue saw a remarkable 42% increase compared to the same period last year, reaching $164.2 million and outperforming the anticipated $156.09 million.

SentinelOne’s Annualized Recurring Revenue (ARR) also showed impressive growth, with a 43% rise year-over-year to $663.9 million. The number of customers contributing an ARR of at least $100,000 climbed 33%, totaling 1,060.

Looking ahead to the fourth quarter of 2024, SentinelOne anticipates revenues of around $169 million, which is higher than the expected $166.5 million. The company’s forecast for the entire year’s revenue stands at $616 million, exceeding the estimated $605.66 million.

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