4 Things to Consider Before Buying SentinelOne
In 2020, the average data breach cost a company nearly $4 million to deal with, making cybersecurity one of the hottest topics for companies and investors alike. Recent IPO SentinelOne (NYSE: S) is trying to do something about this and its autonomous protection platform is popular and growing rapidly, offering companies a much-needed tool to fight against future hacks.
If you are considering buying stock in SentinelOne (which went public on June 30), here are three good reasons in its favor and one potential issue to account for before making that stock-buying decision.
According to a recent report from IBM, in 2020 it took 207 days to identify the average security breach and another 73 days to contain it. Put another way, a data breach can impact a business for more than nine months, and the financial consequences on a company can be huge.
Source Fool.com
