10:06 AM EDT, 08/29/2025 (MT Newswires) -- SentinelOne's ( S ) solid annual recurring revenue beat in its fiscal Q2 results late Thursday will be viewed positively by the Street, Wedbush Securities said in a note Friday.

The investment firm said the strong ARR beat was the "star of the show," with total ending ARR coming in at $1 billion, an increase of 24% year on year and above the consensus forecast of $985 million, and net new ARR at about $53 million, an increase of 22% year on year and above guidance.

The cybersecurity company reported $242.2 million in total revenue and guidance of $242 million as both its Purple AI and Data Solutions grew over 100% year on year, according to Wedbush

This was a "much-needed bounce back quarter following disappointment in the company's ability to gain more business from [CrowdStrike] following its outage in July," analysts led by Daniel Ives said, adding that SentinelOne ( S ) is on track to be profitable for the first year in its history.

Wedbush kept SentinelOne's ( S ) outperform rating and $23 price target.

Shares of the company were up more than 7% in recent trading Friday.

Price: 18.97, Change: +1.33, Percent Change: +7.54