SentinelOne
S
has been experiencing a significant growth in demand for the company’s cybersecurity solutions.
In the last reported quarter, SentinelOne revenues were up 109% year-over-year, at $78.3 million. However, SentinelOne shares has plunged 52.6% in the year-to-date period compared with the Zacks
Computers – IT Services
fall of 25.6% and Zacks
Computer and Technology
sector’s decline of 27.5%.
SentinelOne recently announced a new integration with
Amazon
’s
AMZN
Amazon Web Services (AWS) Security Hub.
The new integration, which is available on the SentinelOne Singularity Marketplace, helps filter high-fidelity threat information from SentinelOne agents running on AWS.
The SentinelOne integration will allow organizations to effectively defend cloud workloads by gaining centralized insights from SentinelOne, AWS services and additional security tools.
The AWS Security Hub then accumulates, organizes and prioritizes the security alerts, thus allowing security teas to respond to any threat in progress.
With the global rise of data breaches and security threats, the latest move is anticipated to help SentinelOne gain strong momentum among customers, as organizations are constantly reminded to upgrade security infrastructures.
SentinelOne, Inc. Price and Consensus
SentinelOne, Inc. price-consensus-chart
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SentinelOne, Inc. Quote
Expanding Security Solutions Portfolio Bodes Well
As more and more organizations move toward the adoption of the cloud, identity threats and data breaches continue to rise exponentially. Businesses now require solutions to detect security threats and data breaches before attackers steal and exploit enterprise identities.
According to
Cybersecurity Ventures
, it is being anticipated that the need to protect increasingly digitized business, Internet of Things (IoT) devices, and consumers will propel global spending on cybersecurity solutions to $1.75 trillion by 2025.
Per a
Verizon report
, 82% of breaches involved a human element, including social attacks, errors and misuse. While the existing infrastructure works, there are gaps that need to be secured with the advent of better and much-advanced cybersecurity solutions. These gaps can be fulfilled by cybersecurity solutions and advanced integrations.
In the current times, when cybersecurity is a mission-critical need in every industry vertical, demand for SentinelOne’s security solutions and XDR platform remains significantly strong.
SentinelOne has been riding on accretive partnerships and acquisitions.
Recently, the company announced the integration of the SentinelOne XDR platform directly with
Okta
’s
OKTA
identity management capabilities.
The integration of the XDR Response to Okta’s platform will allow IT teams to quickly respond to credential compromises and identity-based attacks, while minimizing enterprise risk.
Moreover, the company also launched integrations with
Microsoft
MSFT
.
SentinelOne had announced SentinelOne App for Microsoft’s Azure Active Directory (Azure AD). The integration combines endpoint security and identity capabilities to advance Zero Trust architecture.
The Singularity App for Azure AD allows organizations to alert teams across the organization whenever an endpoint is at risk, thus enabling them to enforce the principles of Zero Trust.
To cater to the demand for real-time solutions to combat security breaches, SentinelOne has been upgrading its cybersecurity solutions. SentinelOne’s efforts to upgrade and improve its solutions are likely to help this Zacks Rank #4 (Sell) company witness robust growth in the near term.
You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
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