Investing Ideas

Don't Miss out on a Hidden Gem of the Cybersecurity World

Cybersecurity expert SentinelOne (S) is an odd duck in this market.

Fellow data-security specialists CrowdStrike (CRWD) and Palo Alto Networks (PANW) are soaring on the wings of a stabilizing economy and surging interest in artificial intelligence (AI). But SentinelOne missed the memo about this sector-wide surge, and its stock price is actually down instead of up in 2023.

Yet, SentinelOne's endpoint protection and identity-authentication solutions are top-notch tools, earning a 98% renewal rate from existing customers and many industry awards. Its Singularity XDR platform is at least comparable to the best CrowdStrike and Palo Alto tools, and arguably superior in some respects.

The company's focus on AI will only intensify over the next couple of years. SentinelOne stands ready to defend enterprise-class IT environments from increasingly innovative and AI-driven attacks, turning the attackers' own AI powers against them.

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