3 Red Flags for SentinelOne's Future
SentinelOne (NYSE: S) went public at a valuation of $8.9 billion just over two years ago, making it the highest-valued cybersecurity IPO ever. Its market cap then swelled to $20.3 billion at the peak of the growth stock rally in November 2021.
Yet SentinelOne is only worth $4.5 billion today.
This red-hot tech stock fizzled out as its sales growth slowed down, it racked up steep losses, and rising interest rates popped its bubbly valuations. Some investors might be tempted to buy SentinelOne at this steep discount to its IPO price, but there are at least three red flags that might limit its near-term gains.
Source Fool.com
