S - SentinelOne: The Fastest Grower In Endpoint And Extended Cybersecurity
2024-02-06 18:54:27 ET
Summary
- SentinelOne is the fastest grower in the Endpoint segment of the Cybersecurity industry.
- The Endpoint segment and the Cybersecurity industry should see secular growth for the next decade.
- SentinelOne has a strong product lineup and first mover advantage in Extended Data Response.
- It is making significant strides in getting to break even and profitability.
Overview
The Endpoint Security segment of the Cybersecurity sector is focused on providing security around several diverse entry points into companies' data infrastructure. Work from home and other remote locations exploded during the pandemic and created a strong need to protect cyber-attacks from personal computers and mobile phones connecting into companies' on premise or cloud servers.
The Endpoint segment is dominated by market leader CrowdStrike ( CRWD ), which has $3Bn in sales compared to the $617Mn SentinelOne ( S ), the baby of the group. However, SentinelOne is also one of its fastest growers, it grew FY24 sales by an estimated 46% compared to CrowdStrike's 36%....
SentinelOne: The Fastest Grower In Endpoint And Extended Cybersecurity