Sumary of SentinelOne is One to Watch:
- SentinelOne, Inc (S) is a cybersecurity company that focuses on automation- and artificial intelligence (AI)-powered threat prevention, detection, and response capabilities.
- SentinelOne went public in an IPO on June 30, 2021 and was founded 2013. I am neutral on the stock at the current valuation.
- (See SentinelOne stock charts on TipRanks)Cybersecurity: Largest Threat of our TimeCybersecurity is perhaps the greatest current threat facing companies, government agencies, and other enterprises.
- Cyberattacks have targeted hospitals, schools, government agencies and public and private companies alike.
- It is against this backdrop that the total addressable market (TAM) for cybersecurity companies like SentinelOne is rapidly growing.
- The company is not expected to be profitable and will likely not produce positive net income for several years.
- However, the company currently has no long-term debt on the balance sheet and over $1.6B in cash and equivalents.
- Story continuesKey metrics for growth stage cybersecurity companies are focused on customer acquisition.