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🔒 $S SentinelOne 🔒
SentinelOne or $S is a cybersecurity startup based in Mountain View, California. $S was founded in 2013 by Tomer Weingarten, Almog Cohen and Ehud ("Udi") Shamir. Weingarten acts as the company's CEO and Nicholas Warner is the company's COO. $S has approximately 970 employees and offices in Mountain View, Boston, Tokyo, and Tel Aviv. $S uses machine learning for monitoring personal computers, IoT devices, and cloud workloads. $S 's platform utilizes a heuristic model, specifically its patented behavioral AI. SentinelOne delivers autonomous endpoint protection that prevents, detects, and responds to attacks across all major vectors.
$S aims to shape the future of endpoint security with an integrated platform that combines behavioral-based detection, advanced mitigation, and forensics to stop threats in real-time. Specializing in attacks thatutilize evasion techniques, $S is a vendor that offers complete protection against malware, exploit, and insider-based attacks. This led Gartner to recognize $S as a Visionary in their recent Endpoint Protection Magic Quadrant. $S is also a next-generation endpoint protection company to be independently certified as a true antivirus replacement for Windows, OS X, and Linux, including certification for both HIPAA and PCI. SentinelOne was formed by an elite team of cybersecurity and defense experts from IBM, Intel, Check Point Software Technologies, Cylance, McAfee, and Palo Alto Networks. $S was named the seventh fastest-growing company in North America in 2019, the fastest-growing in Silicon Valley, and was the only cybersecurity company recognized in the top 10 of the Deloitte Technology Fast 500. $S was also the only endpoint protection company on the Forbes AI 50 list, recognizing the 50 most promising companies using AI as a core part of its business model and success.
🗞️ $S Named Best Innovator 🗞️
$S announced that the company was named Best Innovator in the SE Labs’ 2021 Annual Report. "SE Labs works with all of the major security vendors and their customers. As such, we have an insight into not only what makes a great product but which vendors manage to satisfy their clients in the real world, outside of the lab," said Simon Edwards, Chief Executive Officer, SE Labs. "I am enormously pleased to be able to recognise SentinelOne for the innovation that it has brought to the information security world over the last year."
"SE Labs works with all of the major security vendors and their customers. As such, we have an insight into not only what makes a great product but which vendors manage to satisfy their clients in the real world, outside of the lab," said Simon Edwards, Chief Executive Officer, SE Labs. "I am enormously pleased to be able to recognise SentinelOne for the innovation that it has brought to the information security world over the last year."
The SE Labs Annual Awards are evaluated based on a combination of continual public testing, private assessments, and feedback from corporate clients who use SE Labs to help choose security products and services. SentinelOne was recognized for the company’s commitment to pushing the boundaries of autonomous technology -- delivering innovation at scale and speed, and shaping the endpoint market. $S 's Singularity XDR platform encompasses prevention, detection, and response capabilities across endpoints, containers, cloud workloads, and IoT devices in a single, autonomous solution. It helps protect the world’s largest and critical businesses from falling victim to the next big cyberattack with AI-powered technology that doesn’t require humans to deliver machine speed cybersecurity.
"There aren’t enough skilled people to operate cybersecurity products at scale," said Raj Rajamani, Chief Product Officer, SentinelOne. "It’s time to fight machine with machine -- with technology that can autonomously prevent, detect, and respond to cyberattacks. Our Singularity XDR platform enables modern enterprises to take action in real-time and benefit from the automation, scale, and speed that SentinelOne is bringing to the XDR era."
https://finance.yahoo.com/news/sentinelone-named-best-innovator-se-140000076.html
❗ Broader Threat Detection ❗
$S s less known to investors than, say, its bigger rival $CRWD But $S stock, the IBD Stock of the Day, has the same roots in the endpoint security market. It also uses artificial intelligence in its security software to detect malware on laptops, mobile phones and other "endpoints" that access corporate networks and like $CRWD , $S is evolving as a company amid the ransomware epidemic. It's building broad, threat-detection cybersecurity platforms. Called XDR, or extended detection and response, the cybersecurity technology monitors and analyzes endpoints as well as web/email gateways, web application firewalls, cloud business workloads and information technology infrastructure. Further, XDR uses automated tools to gather network incident data, also called telemetry, to identify signals of malicious activity.
Highly publicized ransomware incidents have involved $SWI , Colonial Pipeline, meat producer $JBS , and Kaseya. In ransomware attacks, hackers seize control of an organization's computer system and data by installing malware. They lock up a victim's computers with data-encrypting software. $S isn't the only cybersecurity firm pushing into XDR. Along with $CRWD , $PANW , $FTNT and $RPD have a presence. So do startups such as Cybereason, Illumio, Exabeam and Recorded Future in the XDR market.
https://www.investors.com/research/ibd-stock-of-the-day/sentinelone-stock-expands-into-broader-threat-detection/?src=A00220
💵 $S Q2 Financials 💵
"We’re devoted to protecting our customers and our way of life from cyberattacks in an increasingly digital society. Cybersecurity must be autonomous - that’s what we’ve built. It must perform at a faster speed, greater scale, and higher accuracy than what exists today," said Tomer Weingarten, Co-Founder and CEO of SentinelOne. "Our IPO was a significant milestone and is only the beginning of the opportunity in front of us. I’m pleased with the success and growth we delivered in Q2."
"SentinelOne executed extremely well in Q2. Our annualized recurring revenue reached $198 million, with growth accelerating to 127% year-over-year," said Dave Bernhardt, CFO. "It’s especially encouraging to see the broad based strength of our business, with record customer additions, large customer transactions, and net retention rates."
⚫Total revenue was $45.8 million in the second quarter of fiscal year 2022, a 121% increase compared to $20.7 million for the same period of fiscal 2021.
⚫Annualized recurring revenue (ARR) increased 127% year-over-year and grew to $198.0 million as of July 31, 2021.
⚫Total customer count grew more than 75% year-over-year to over 5,400 customers as of July 31, 2021. Customers with ARR over $100K grew 140% year-over-year to over 345 as of July 31, 2021. Dollar-based net revenue retention rate reached a new high and exceeded 125%.
⚫Gross margin: GAAP gross margin was 59% in the second quarter of fiscal year 2022, compared to 64% for the same period of fiscal 2021. Non-GAAP gross margin was 62%, compared to 64% for the same period of fiscal 2021.
⚫Loss from operations: GAAP loss from operations was $67.2 million in the second quarter of fiscal year 2022 compared to $22.6 million for the same period of fiscal year 2021. Non-GAAP loss from operations was $45.0 million in the second quarter of fiscal year 2022, compared to $21.0 million for the same period of fiscal year 2021.
https://finance.yahoo.com/news/sentinelone-announces-second-quarter-fiscal-200700314.html
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