Could SentinelOne Become the Next CrowdStrike?
SentinelOne (NYSE: S) eclipsed CrowdStrike (NASDAQ: CRWD) as the highest-valued cybersecurity IPO in history back in June. SentinelOne raised $1.2 billion, with an implied valuation of $8.9 billion, which surpassed CrowdStrike's IPO valuation of $6.7 billion just two years earlier.
SentinelOne's stock price has already risen nearly 50% from its IPO price, but CrowdStrike's stock price has skyrocketed more than 520% since its public debut. As a result, CrowdStrike's market cap of $48.5 billion is still much higher than SentinelOne's market cap of $13.8 billion.
Image source: Getty Images.
Source Fool.com
