Sentinel One topped economists' forecasts for the last quarter with revenue of $ 56 million

Sentinel One topped economists' forecasts for the last quarter with revenue of $ 56 million - a 128% increase over the same quarter last year. This is the company's highest growth rate in the last six quarters. Economists' forecasts were for revenue of $ 49 million. However, the stock is down 12% in early trading before the Wall Street stock market opens.
Sentinel One is developing an artificial intelligence-based platform for endpoint security, including laptops and desktops, servers and cloud servers and other devices connected to the Internet. The company was founded in 2013 by two childhood friends, Tomer Weingarten, the company's CEO, and Almog Cohen, who no longer holds an active position in the company.
Sentinel One has raised revenue forecasts for fiscal year 2022, which ends at the end of January 2022, to $ 200-199 million, compared to a previous forecast for revenue of $ 190-188 million. The company reported that the total number of customers rose to 6,000 as of the end of the quarter on October 31st. In the previous quarter, the company reported 5,400 customers. The number of customers with revenues of over $ 100,000 increased by 140%, compared to the same quarter last year, to 416. In the previous quarter, the company reported growth at the same rate, with the number of these customers standing at 345, and in the previous quarter at 270.