SentinelOne: A Challenger in the Cybersecurity Landscape
SentinelOne has established itself as a fierce competitor to CrowdStrike, rapidly gaining market share in the cybersecurity space through its AI-driven platform.
Should You Buy SentinelOne Stock Right Now?
The cybersecurity company is thriving amid increasing demand for protection.
SentinelOne: Remarkably Cheap
SentinelOne, Inc. is poised for growth due to increased cybersecurity demand and a shift to AI products. The company has appealing products set to take advantage of the global IT outage caused by a peer and a new deal with Lenovo. SentinelOne's stock is attractively priced at 7.5x FY26 revenues, significantly lower than peers, with faster growth rates.
2 Super Cybersecurity Stocks to Buy Hand Over Fist as 2025 Approaches
Cybercrime is on track to cost companies trillions of dollars next year, which means they have to ramp up their spending on cybersecurity. That could be a windfall for vendors like SentinelOne and Tenable.
SentinelOne: Strong Investment Setup (Technical Analysis)
SentinelOne's robust 2Q24 earnings highlight strong sales, gross profit growth, and improved gross margins, positioning it as a compelling investment. SentinelOne's ARR grew 32% YoY, with potential to reach $1 billion next year, showcasing strong recurring revenue momentum. Despite higher operating expenses, SentinelOne's gross profit growth outpaces expenses, enhancing operating leverage and profitability prospects.
SentinelOne: Taking Every Opportunity To Shine
SentinelOne's ARR grew 32%, driven by strong new business generation, with net new ARR exceeding expectations by a double-digit percentage. The company achieved its first net income positive quarter, with record gross and operating margins, and strong free cash flow. SentinelOne is benefiting from increased customer interest following the CrowdStrike outage, although conversion will take time due to long sales cycles.
SentinelOne: Fastest Growing Endpoint Security Company
SentinelOne's unique AI-enabled technology in endpoint protection and strategic expansion into cloud and analytics position it well to capture growing cybersecurity market opportunities. Despite not being consistently profitable, SentinelOne's strong growth potential and competitive edge justify its EV/Sales of 8.61x. Profitability is expected next year, with sell-side EBITDA consensus of $54m. Management recently voiced concerns over vendor concentration and the importance of platform architecture, but didn't comment on whether the CrowdStrike's outage in July helped win new contracts.
Why SentinelOne Stock Was Winning This Week
Cybersecurity companies took a real hit to their reputation after a prominent one caused an outage this summer. SentinelOne had some pleasing news that made some investors forget that incident.
SentinelOne: Lenovo Deal Is Just The Beginning Of CrowdStrike Fallout
SentinelOne, Inc. stock has performed strongly as of late, likely due to Crowdstrike's technical outage and a new deal with Lenovo. The company boasts a net cash balance sheet and improved non-GAAP profit margins, including achieving its first-ever quarter with non-GAAP net profitability. Despite not raising full-year guidance, SentinelOne's de-risked targets and potential tailwinds from the CRWD incident make it a compelling buy.
SentinelOne appoints Barbara Larson as CFO
Cybersecurity company SentinelOne on Wednesday named Barbara Larson as its new finance chief, effective immediately.
Buy SentinelOne Now? AI Growth Surges After CrowdStrike Fallout
SentinelOne Inc. NYSE: S is a cybersecurity company that provides an artificial intelligence (AI)-powered autonomous cybersecurity platform. Its Singularity XDR cloud-native platform offers many competitive advantages to competitors in the computer and technology sector, such as CrowdStrike Holdings Inc. NASDAQ: CRWD, Palo Alto Networks Inc. NASDAQ: PANW, and Fortinet Inc. NASDAQ: FTNT.
1 Growth Stock Down 69% to Buy Right Now
SentinelOne trades at a notable discount to its peer group. Its lower valuation is likely due to its lack of GAAP profits.
