2024-03-28 21:10:24 ET
Summary
- SentinelOne's stock had a strong end to 2023 on the back of increased investor risk appetite.
- While SentinelOne's valuation still looks appealing, growth is decelerating, and the expansion of its platform lacks momentum.
- The acquisition of PingSafe could strengthen SentinelOne's cloud business and help in this regard.
- SentinelOne is likely to continue trading at a discount to peers while doubts about its viability as an independent company persist.
SentinelOne's ( S ) stock had a strong end to 2023 on the back of robust growth in a depressed demand environment and increased investor risk appetite. Expanded cloud security capabilities and a platform that appeals to MSSPs should also support growth going forward. SentinelOne's valuation leaves room for error, but there are still genuine risks to the company and stock....
Read the full article on Seeking Alpha
For further details see:
SentinelOne: Scale Uncertainty Persists