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SentinelOne: Still The Cybersecurity One To Own

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Update - Dec. 11 
SentinelOne continues to trend down despite a strong October quarter with sales growing 28% to reach $210 million. The cybersecurity stock is easily the cheapest in the sector, yet the market has pushed SentinelOne down to only $23. The stock now trades at half the forward  EV/S multiple of CrowdStrike (CRWD) and Palo Alto Networks (PANW) despite faster growth. 

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Original article posted on Dec. 3
  • SentinelOne, Inc. is a leader in cloud and AI security, showing strong ARR growth and taking market share from competitors like CrowdStrike.
  • Despite high growth rates, SentinelOne trades discounted compared to peers like CrowdStrike and Palo Alto Networks, making it a compelling investment.
  • The company is turning profitable, has a strong balance sheet, and is expected to report increasing revenues and profits, enhancing its investment appeal.
  • S stock trades at only 8x forward revenues in a sector where typical valuations are much higher.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »
SentinelOne, Inc. (NYSE:S) remains a favorite in the cybersecurity space due to the strong growth in ARR in cloud and AI. The company continues to take market share from the IT outage caused by a competitor and has leading sector growth, yet the stock is relatively cheap. My investment thesis remains ultra-Bullish on the stock, especially, if SentinelOne dips following an analyst downgrade.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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