Even though tech stocks are deep in bear market territory, they're still a better play than crypto.
SentinelOne (NYSE: S) posted its latest quarterly report on Dec. 6. Under generally accepted accounting principles (GAAP), SentinelOne's net loss widened from $68.6 million to $98.9 million. On a non-GAAP (adjusted) basis, which excludes its stock-based compensation and other one-time expenses, its net loss widened from $39.9 million to $44.4 million, or $0.16 per share -- but still cleared the consensus forecast by $0.06.
The average brokerage recommendation (ABR) for Zscaler (ZS) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?