Why I Couldn't Resist Buying This Cybersecurity Stock
It often pays to be patient in investing (although trying too hard to "time the market" can cost you, too).
Cybersecurity company SentinelOne (NYSE: S) has been an expensive stock (by valuation, not share price) since its IPO in the summer of 2021. The stock price rose roughly 85% in the months that followed and topped out in mid-November. Since then it has followed along with the stomach-churning pullback that many growth and technology stocks have experienced. After a stellar 2021 fourth-quarter earnings report was released on March 15, I couldn't hold off any longer and I opened a position.
As a new shareholder in SentinelOne, let me explain why now was the time to buy shares (the stock is trading right around its IPO price), and why I believe the stock is poised to perform well over the coming years.
Source Fool.com
