S - SentinelOne Is Turning The Corner

2024-03-24 11:45:35 ET

Summary

• 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.

I published an article on SentinelOne, Inc. ( S ) about 9 months ago. To summarize my thoughts at the time, I think the company was obviously very promising but I was worried that profitability was looking increasingly far off. On the contrary, management was actually targeting at the time to reach profitability on a cash flow basis already by the end of FY2024. With the fiscal year now behind us, this seemed like the right moment to have a look at the stock again considering that at the time I found it very hard to believe that management could pull it off, considering how far they were from reaching profitability from any point of view....

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