S - SentinelOne: A High-Risk High-Reward Opportunity For Aggressive Investors

2024-04-16 01:09:03 ET

Summary

• 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.

SentinelOne (S) is an up-and-coming company that uses data, sophisticated analytics, and artificial intelligence ("AI") to protect an organization's digital assets against hackers and other bad actors on the internet. Since using the internet has become indispensable to how organizations conduct business in the modern era, especially as more management teams transform their companies digitally, having a quality cybersecurity platform has become a massive need. Companies can't afford many of the repercussions of data breaches or the interruption of services for their digital assets or information technology ("IT") infrastructure. According to Statista :

As of 2023, the average cost of a data breach in the United States amounted to 9.48 million U.S. dollars, up from 9.44 million U.S. dollars in the previous year. The global average cost per data breach was 4.45 million U.S. dollars in 2023.

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