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Is SentinelOne a Good Security Software Stock to Own? -Breaking

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© Reuters. SentinelOne is a good security software stock to own

SentinelOne, a rapidly-growing cybersecurity platform that uses existing and new customers to drive revenue growth, reported triple-digit revenue growth for its quarter. However, given the company’s steep losses and lofty valuation, will the stock be a risky play in a competitive cybersecurity industry? Continue reading. Let’s find out.Cybersecurity startup SentinelOne, Inc. (S) in Mountain View, Calif., is a pioneer in offering artificial intelligence-powered autonomous threat prevention and detection to help organizations secure their assets. The company’s shares have increased 12.9% in the past year, thanks to solid growth and expansion of its global customer base. However, S’ stock price has been down 34.9% over the past month.

The security-software firm reported a better than expected revenue growth for the third quarter, but its growing losses are worrying. Furthermore, S’ negative margins and growing operational expenses may prevent it from catching up with its larger peers.

Growing competition from larger cybersecurity rivals like CrowdStrike Holdings (NASDAQ:) and the company’s lofty valuation could keep investors on edge.

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