![]() ![]() Its customers include 3 of the Fortune 10 and hundreds of the Fortune 2000. SentinelOne has over 8,600 customers, up 60% year over year. ![]() Revenue increased by a blistering 124% year over year to $102.5 million, which beat analyst estimates by $6.84 million.Īnnualized Recurring Revenue also popped by a rapid 122% to $438.6 million, which is a positive sign. SentinelOne generated tremendous financial results for the second quarter of fiscal year 2023. Its acquisition also enables the company to further activate its "land and expand" sales strategy, which involves the upselling and cross-selling of modules. This basically states that users should be given access only to the applications they need, this is called "least privileged access" and prevents "lateral movement" by attackers. This new platform will expand the TAM for SentinelOne by helping customers implement a "Zero Trust" security strategy. The company has recently expanded its platform to cover identity security through its acquisition of Attivo Networks, which it completed in May. Whereas, SentinelOne automatically investigates and responds without the need for human intervention, which is a key selling point. This basically means it usually takes one minute to detect an attack, 10 minutes to investigate, and 60 minutes to respond. Many Endpoint Recovery platforms use the 1-10-60 rule. It detects the normal security posture of a user's device and then looks for anomalies in this posture. The company turns "data into stories" and then "stories into context". It does this by using behavioral-based Artificial Intelligence to monitor, track, and put into context all the event data. The platform gives the IT security team a "single pane of glass" to see, protect and resolve cybersecurity threats. The SentinelOne Platform is called the "Singularity XDR" which stands for Extended Detection and Response. SentinelOne Vs CrowdStrike (SentinelOne MITRE Test) Today's business-to-business buyers love to self-educate, and one of the burning questions they are likely to want the answer to is how does the platform compare to competitors. Now, although this test should be taken with a "pinch of salt" as cited by a competitor, it does use a third party and is a strong selling point for customers. Whereas competitor CrowdStrike detected only 94 out of 109 detections with 11 being delayed. ![]() SentinelOne provides 100% protection and 99% real-time visibility during the attack. This comparison cites a 3rd party performance test called the MITRE Engenuity ATT&CK Evaluation. Gartner Endpoint Security (Magic Quadrant)ĭespite CrowdStrike being ranked higher, SentinelOne has issued a helpful comparison between the two platforms. Its software comes in just behind the number one leader CrowdStrike ( CRWD) and Microsoft Defender for Endpoint. Tech review website Peerspot also ranks SentinelOne as a "Leader" with the number three spot for endpoint protection platforms. Therefore, it's no surprise that the endpoint security industry is forecasted to grow at a steady 8.3% CAGR from $13.99 billion in 2021 to $24.58 billion by 2028.Īccording to Gartner, SentinelOne is a "Leader" in this market. The rise of hybrid work and Internet of Things devices also heightens the need for solid endpoint security. For those that are unfamiliar, "endpoints" refer to the "end" user devices which we use to connect to a network, this could a desktop, laptop, cell phone, tablet etc.Īs these devices are at the "end" of the network and often used remotely, they are increasingly vulnerable to cyberattacks. SentinelOne is a leader in endpoint security. ![]() In this post I'm going to break down the company's business model, financials and valuation, let's dive in. Despite this, the stock is still down by over 66% from all-time highs and is undervalued relative to historical multiples. The company delivered "hyper-growth" and " outperformance" during the second quarter, beating revenue and earnings estimates. SentinelOne ( NYSE: S) is a leading cybersecurity company that serves one-third of the Fortune 10 and hundreds of Fortune 2000 companies. ![]()
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