SentinelOne Drops Premarket as AI Job Cuts Hit
SentinelOne shares fell nearly 20% premarket Friday after the company issued second-quarter revenue guidance below analyst estimates and announced plans to cut about 8% of its workforce. First-quarter revenue rose 21% to $277 million, missing expectations by $0.6 million. The company expects a $25 million restructuring charge, mostly for severance and stock compensation. Investors focused on weaker guidance despite a first-quarter earnings beat.