SentinelOne stock plunged after a revenue miss and plans to cut 8% of its workforce
SentinelOne stock plunged after a revenue miss and plans to cut 8% of its workforce
The cybersecurity company posted a narrow revenue miss and announced a restructuring plan expected to cost $25 million
SAMEER AL-DOUMY / Getty Images
SentinelOne announced a restructuring plan cutting approximately 8% of its full-time workforce on Wednesday, as the cybersecurity company reported first-quarter revenue that fell short of expectations and issued guidance that disappointed investors.
SentinelOne stock fell roughly 12%, according to CNBC, after the results were released. The company reported adjusted revenue of $276.7 million for the quarter ended April 30. Analysts had expected $277.38........
