This Cybersecurity Stock Is Expanding, and It's Exciting
Cybersecurity is a hot investment space, and for good reason. A 2021 Gartner survey indicated that among 61% of executives polled, cybersecurity was the top priority for new spending. The demand bodes well for SentinelOne (NYSE: S), which uses artificial intelligence to hunt for and respond to threats.
The company acquired cloud-native data analytics company Scalyr in 2021 for $155 million and roughly a year later launched DataSet, its data analytics business. This marks SentinelOne's move outside of pure cybersecurity and creates potential new opportunities for the company. Here is what investors need to know.
DataSet is an analytics platform that lets businesses aggregate, store, search, and analyze massive amounts of data quickly and easily. Companies create vast amounts of data these days; many software programs must work together to make things "work" inside a business.
Source Fool.com
