Cantor Fitzgerald reiterated an Overweight rating and $24.00 price target on SentinelOne Inc (NYSE:S) ahead of its fiscal second-quarter 2026 earnings release scheduled for Thursday, August 28, 2025, after market close.
The firm expressed optimism about ongoing growth among enterprise clients, broader platform adoption, and a recovery in net new annual recurring revenue (NNARR). SentinelOne had trimmed its fiscal 2026 top-line forecast by about 1% in the first quarter, citing April weakness linked to deal delays and reduced customer spending. The company also missed consensus estimates on NNARR and billings.
While management attributed the shortfall to macroeconomic headwinds, Cantor noted that SentinelOne was among the few cybersecurity firms in its coverage to miss and cut guidance, suggesting possible execution issues. The firm also highlighted that endpoint detection and response (EDR) demand remains tied to new hardware purchases and headcount growth.
Nonetheless, with improving macro conditions and revenue growth tied closely to customer expansion, Cantor anticipates a steady beat and a more positive outlook going forward.
