From Nasdaq: 2024-11-21 11:27:00

SentinelOne’s stock has surged 54.8% in the past year, outperforming the IT Services industry and the broader Computer & Technology sector. In Q2 of fiscal 2025, revenues jumped 33% to $199 million, driven by new market expansion and strong customer retention. Annualized recurring revenues rose 32% to $806 million.

SentinelOne’s partnership with Alphabet’s Google Cloud, Amazon Web Services, and Lenovo has been a key growth driver. The company’s Singularity platform saw continued innovation in AI-powered security, with enhancements in cloud security and threat detection capabilities. Q3 guidance indicates revenue growth of 28% year over year.

Despite commendable efforts to expand its portfolio, SentinelOne faces challenges from macroeconomic conditions and competition in the cybersecurity industry. The stock is not cheap, with a stretched valuation and a Zacks Rank #4 (Sell). High interest rates and inflation are impacting enterprise spending, making it difficult for businesses to invest in cybersecurity solutions.



Read more at Nasdaq: SentinelOne Up 55% in a Year: Should You Buy, Sell or Hold the Stock?