Is SentinelOne Stock a Buy?
The threat of cyberattacks means cybersecurity is a necessity in today's digital age. For example, the U.S. government is looking to spend $13 billion on cybersecurity for its civilian agencies and another $14.5 billion for the military in its next fiscal year alone.
With digital protection required for every organization engaging online, this reality should benefit cybersecurity firm SentinelOne (NYSE: S). Yet, its stock price dropped after the company announced earnings for its fiscal first quarter, which ended April 30.
Shares are now down nearly 50% from their 52-week high of $30.76. Could this be an opportunity to buy shares in the cybersecurity company? Let's look closer to arrive at an answer.
Source Fool.com
