2024-07-23 11:07:21 ET
Summary
- I anticipate more businesses will switch to SentinelOne, Inc. from CrowdStrike as contracts and sales cycles mature.
- I believe SentinelOne's recent 31% CAGR guidance is now a conservative and attainable benchmark.
- I see SentinelOne's strong balance sheet and potential for improved free cash flow as key reasons for a likely re-rating to 12x sales.
Investment Thesis
SentinelOne, Inc. ( S ) is a buy on many fronts. Indeed, here I highlight 3 succinct reasons why now is a great time to buy SentinelOne, on the back of CrowdStrike's ( CRWD ) outage....
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SentinelOne: 3 Reasons Why Now Makes Sense