S Stock Recent News
S LATEST HEADLINES
Zacks.com users have recently been watching SentinelOne (S) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
SentinelOne (S) closed at $21.57 in the latest trading session, marking a +1.84% move from the prior day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
SentinelOne is facing stiffer competition.
In the most recent trading session, SentinelOne (S) closed at $20.89, indicating a +1.06% shift from the previous trading day.
SentinelOne is a rapidly growing cybersecurity company leveraging AI to provide cybersecurity services. The average cost of a data breach in the US is $9.48 million, making cybersecurity a crucial investment for companies. Its platform, Singularity, offers extended detection and response capabilities, protecting numerous IT infrastructure components.
While macroeconomic uncertainty has put pressure on many businesses' budgets, cybersecurity continues to be important as ever. Vast amounts of enterprises are pursuing digital transformation, and many aspects of life are online now, which means these pools of data need to be secured efficiently.
After dramatically reducing operating expenses growth, SentinelOne is on the cusp of profitability. Although Revenue growth is slowing, overall the company is still growing fast and in a more sustainable fashion. SentinelOne is increasingly considered a leader in its field and at $6.8 billion market cap has still a big potential for growth.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Tomer Weingarten, SentinelOne CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, why the company's trying to force profitability, and much more.