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Shares of Netskope declined sharply Thursday after the company reported mixed fiscal 2027 first-quarter earnings, with underwhelming new annual recurring revenue. A slew of Wall Street firms lowered price targets on the cybersecurity company. Netskope stock sank 18% to $10.17 on Thursday, putting it on pace for its largest ever daily percentage decline, according to Dow Jones Market Data.
Shares slide despite earnings beatSentinelOne (NYSE:S) came under heavy pressure in pre-market trading on Friday, with the cybersecurity group’s shares dropping nearly 20%, adding to a 16. 8% decline recorded in after-hours trading.
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