SentinelOne Drops Premarket as AI Job Cuts Hit
SentinelOne shares slid nearly 20% before the bell Friday. The cybersecurity firm issued a second-quarter revenue outlook that missed estimates and plans to eliminate about 8% of jobs, saying it will focus spend on artificial intelligence, data, cloud and endpoint security. Shares closed up 0.4% at $18.02 Thursday and jumped 27% in May.