Why SentinelOne Stock Jumped This Week
Week to date, shares of SentinelOne (NYSE: S) were up 13.5% as of 2:30 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
On Monday, news surfaced that the fast-growing cybersecurity provider could be exploring the possibility of a sale. According to the report from Reuters, SentinelOne has hired an investment bank, but it's also possible the talks will end without a sale.
SentinelOne has been a stiff competitor against larger cybersecurity companies like CrowdStrike Holdings. Although revenue growth has slowed in the difficult operating environment, demand is still relatively strong, with revenue up 70% year over year in the last quarter.
Source Fool.com
CrowdStrike Holdings Inc Stock
€406.05
-0.970%
The stock is one of the favorites of our community with 132 Buy predictions and 2 Sell predictions.
As a result the target price of 440 € shows a slightly positive potential of 8.36% compared to the current price of 406.05 € for CrowdStrike Holdings Inc.
