68% of organizations said they had experienced an endpoint cybersecurity attack that compromised data and their IT infrastructure. Now, with several years of employees working out of the office because of the Covid pandemic, the realities of endpoint security have taken center stage.
This is a representative state of the cybersecurity market today. This is what SentinelOne is set out to correct. Yet, they aren’t the only player in the cyber security stocks game hoping to continue their momentum.
So, why consider SentinelOne? They are a cyber protection pioneer and a named leader in the cybersecurity industry. Named in recognition of its constant innovations, the company is capturing public attention.
With an ever-increasing cybersecurity skills shortage, the company is in an enviable position. Read on to learn all about SentinelOne, why they are a force to be reckoned with and why you might want to consider them as one of the top cyber security venture capital stocks to watch.
What Is SentinelOne?
SentinelOne is a leading software company based in Mountain View, California. The company was started in 2013 by Tomer Weingarten, Almog Cohen, and Ehud Shamir. Weingarten currently acts as the company CEO.
What is SentinelOne software, and what does it do? SentinelOne created a cloud-based endpoint security platform. Their software works using artificial intelligence to stop endpoint attacks and breaches.
The focus of this software is to address:
- Response hunting across endpoints
- Cloud workloads
- Internet of Things devices from a single autonomous platform
Their chief competitor in the tech market is CrowdStrike.
SentinelOne Investing Back Story
SentinelOne gets traded on the New York Stock Exchange under the symbol S. The company made its initial public offering on June 30, 2021. The IPO price for Sentinel stock was $35. The stock took off quickly and hit a record high day by July 7, 2021, trading at $54.05 that day.
The company has a composite rating for buying at 47 out of 99. The strength score is 61.
Like many tech stocks on the market, the stock value has continued to falter over the last year. The SentinelOne stock price ended the day on May 31, 2022, at $23.79.
Why Is SentinelOne Getting Noticed in the Cyber Security World?
While Sentinel may have slid in value, it continues to be the company many tech investors are watching closely. What does SentinelOne offer that is capturing investors’ attention?
There are certainly many companies that offer similar endpoint security.
SentinelOne continues to boast its adaptability, which is necessary for the quickly changing cybersecurity landscape.
Some competitors of SentinelOne haven’t kept up with the quickly moving world of security threats. What makes SentinelOne unique is its ability to adapt to evolving threats. The product from SentinelOne can evaluate threat data in real-time using machine learning and artificial intelligence.
How Is SentinelOne’s Product Different Than Other Endpoint Security Programs?
The focus for some competitors in endpoint security has been to plug the holes, so to speak. The competition’s product works to address the vulnerability facing a system once it occurs.
SentinelOne has a little different approach, using a behavioral model as part of its program. The program features something called Singularity. It can detect, respond and protect at the same time using its behavioral models.
How Does the Tech Industry View Sentinel One?
It appears that the IT world is also a fan of the AI Singularity offered by SentinelOne programming.
The company has raised millions in backing from other tech companies. In fact, in 2020, they were able to get the backing of the investment arm of Qualcomm, a tech investment group that has been notoriously conservation and selective in who they invest within the tech sector.
Why Buy SentinelOne?
SentinelOne continues to both grow and fail to show a profit. Their valuation has increased exponentially in the last few years, and they continue to put any profits back into the company to promote growth.
As an investor, why should you consider investing in SentinelOne? Let’s take a closer look.
While the tech sector continues to struggle on the stock market, SentinelOne continues to increase in value while still losing money.
The company has had triple-digit growth, increasing its value on paper.
SentinelOne continues to aim at three markets in the tech market.
First, the company continues to aim for more corporate space in the corporate world, including:
- Modern Endpoint Security
- Server Security (physical servers and cloud workload security)
- Information Protection and Control
- Endpoint Management
The second market they aim to control is Analytics, Intelligence, Response, and Orchestration. They will work to address needs in the area of:
- Device Vulnerability Assessment
- Forensics and Incident Investigation
- Policy and Compliance
- Security Device Systems Management
- Software Vulnerability Assessment
Finally, the third market is IT management and support.
Ultimately, SentinelOne is doing so well because it has a quality product that many people believe works well.
The company competes well with CrowdStrike and Palo Alto Networks, their biggest competition in endpoint security.
The company continues to boast of its ability to fend off cyberattacks successfully using its behavioral model and AI.
Company Growth Plan
SentinelOne continues to grow but has slowed down more recently. They continue to make it their goal to invest in the future of their product so their value as a company will continue to grow.
They know that it must continue to spend on the back end to achieve that desired growth for the company to grow.
Long-term, they also plan to work on efficiency to help to improve the company’s economy.
SentinelOne Stock, One of the Cyber Security Stocks to Watch
There’s no doubt about the increased importance of tech stocks like SentinelOne since the onset of the global pandemic. It’s like they could prove why endpoint security became so significant for companies and users.
In the world of cyber security stocks, SentinelOne remains an important stock to watch.
Contact Option3Ventures today to discuss your cybersecurity investing needs.