Posted 3/19/2024, 9:57:00 AM
SentinelOne's AI-Powered Cybersecurity Sees Explosive Growth Despite Lagging Industry Spending
- Cybercrime costs are exploding, but cybersecurity spending lags far behind what's needed
- SentinelOne uses AI to power its cybersecurity products and grows faster than competitors
- Its Singularity platform tracks threats across the enterprise and Purple AI assists security teams
- SentinelOne revenue grew 38% last quarter, faster than Palo Alto Networks and CrowdStrike
- The stock trades at a lower valuation than competitors despite stronger growth, presenting an opportunity