Posted 3/19/2024, 9:57:00 AM
Cybercrime Costs Skyrocketing; SentinelOne Well-Positioned to Capitalize on Growth Despite Losses
- Cybercrime costs are astronomical and rising rapidly, expected to hit $9.5 trillion by 2024
- Corporations are vastly underinvesting in cybersecurity compared to what they should be spending
- SentinelOne is an AI-based cybersecurity provider growing revenue faster than competitors like CrowdStrike and Palo Alto Networks
- SentinelOne is currently losing money as it invests heavily in growth, but has a strong cash position
- SentinelOne stock is attractively valued compared to competitors and worth buying now to hold long-term as cybersecurity spending grows