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SentinelOne, Inc. (NYSE: S) is a pioneering cybersecurity company that revolutionizes the economics of cyber attacks with its cutting-edge, platform-based approach. Founded in 2013 and headquartered in California, SentinelOne became a publicly traded entity in 2021. The company's flagship offering is the Singularity platform, a comprehensive solution that integrates next-generation endpoint protection with advanced endpoint detection and response features. This platform ensures that sophisticated and targeted cyber attacks are not only detected but also thwarted effectively.
At the core of SentinelOne's technology is a lightweight module that continuously scrutinizes suspicious patterns across various environments, including desktops, servers, critical infrastructure, and embedded systems. Upon identifying any malicious activity, the module triggers automated responses to neutralize threats swiftly, immunizes other endpoints, and restores systems to their pre-attack conditions.
SentinelOne has achieved a significant milestone as the first and only next-generation endpoint protection solution to receive certification from AV-TEST, an independent IT-security institute. This certification underscores the reliability and effectiveness of its security solutions. The company's innovative efforts extend to partnerships and investments, as demonstrated by its venture arm, S Ventures. Recently, S Ventures invested in Auguria, a cybersecurity AI company, highlighting SentinelOne's commitment to advancing AI-driven security operations.
With a mission to defeat every attack, every second, of every day, SentinelOne continues to lead the charge in transforming traditional cybersecurity paradigms, ensuring robust protection for organizations worldwide.
SentinelOne, Inc. (S) reported a 109% revenue increase to $78.3 million for Q1 FY2023, with annualized recurring revenue (ARR) soaring 110% to $339 million. The company added over 7,450 customers, marking a 55% increase. Its dollar-based net revenue retention rate reached 131%, and gross margins improved to 65%. With a strong cash position of $1.6 billion, SentinelOne raised its revenue guidance for FY2023 to $403-407 million, reflecting anticipated contributions from the recent Attivo Networks acquisition.
RTX A/S has announced the expansion of its audio module series supporting the Sheerlink product solutions during the NAMM show held in
SentinelOne (NYSE: S) has launched the XDR Response for Okta, enhancing security teams' ability to combat credential compromises and identity-based attacks. This integration provides contextual awareness to streamline response efforts, minimizing enterprise risks. According to the 2022 Verizon Data Breach Investigations Report, 82% of breaches involved stolen credentials. The joint solution automates remediation tasks and supports real-time threat enrichment, user session termination, password resets, and multi-factor authentication workflows, ensuring robust endpoint protection against modern cyber threats.
Forgepoint Capital has launched Surefire Cyber, an incident response firm, with $10 million in Series A funding. The startup aims to enhance cyber event management for insurers, brokers, and law firms. Surefire Cyber is the second venture incubated by Forgepoint, which has a successful track record, including the previous launch of SolCyber. Forgepoint's support includes recruiting and platform development, aiming to accelerate time to response in cyber incidents. The firm continues to build its portfolio, having added 36 companies and completed 22 financings in 2021 alone.
SentinelOne (NYSE: S) has made headlines by leading in cybersecurity against advanced threats with its Hologram Deception Technology. The company participated in the inaugural MITRE ATT&CK Deception Evaluation, where it was recognized for comprehensive analytic coverage and its capacity to defend against identity-based attacks and insider threats. Key capabilities highlighted include real-time protection against Active Directory compromises, securing critical assets through data cloaking, and providing insights into adversary behavior.
SentinelOne, Inc. (NYSE: S) has announced the release of its financial results for the fiscal first quarter of 2023, ending April 30, 2022. The results will be made public after market close on June 1, 2022, followed by a conference call at 2:00 p.m. PT. Additionally, the company will present at the Bank of America Global Technology Conference on June 8, 2022, at 11:00 a.m. PT. Investors can access the live webcast and related materials via SentinelOne’s Investor Relations website.
SentinelOne (NYSE: S) unveiled its latest innovation, the Kubernetes Explorer, enhancing DevOps efficiency and offering real-time analytics for containerized environments. This tool addresses data silos and high costs by providing instant visibility into applications and infrastructure metrics. As organizations transition to Kubernetes, quick root cause analysis and performance issue detection are crucial. Senior Analyst Paul Nashawaty emphasized the need for effective event analysis across the cloud stack. The offering is now available for preview to current customers.
SentinelOne (NYSE: S) has appointed Ana Pinczuk to its board of directors. Pinczuk, a technology executive with over 30 years of experience, currently serves as Chief Development Officer at Anaplan and has held senior roles at Hewlett Packard Enterprise, Veritas Technologies, and Symantec. CEO Tomer Weingarten expressed enthusiasm for Pinczuk's contribution to SentinelOne's innovation and scaling efforts. Pinczuk aims to leverage her expertise to enhance SentinelOne's Singularity XDR Platform, addressing critical cybersecurity needs in today's business landscape.
N-able, Inc. (NYSE:NABL) reported a first-quarter revenue of $90.9 million, up 9% year-over-year, with subscription revenue increasing by 10%. The company’s dollar-based net retention rate stands at 108%. N-able expects full-year 2022 revenue growth of 9%, or 13-14% in constant currency. Key achievements include the launch of new security solutions and significant growth in cloud-based offerings. The company's GAAP net income is $5.1 million, with an adjusted EBITDA of $27 million, marking a 29.7% margin. Its cash position totals $70.4 million against $338.4 million in debt.
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