Sentinelone Inc Stock Price, News & Analysis

SentinelOne (NYSE: S) has announced new partnerships with Ingram Micro, Exclusive Networks, and Carahsoft to enhance its distribution network in North America. These alliances aim to strengthen SentinelOne's market presence, increase reseller recruitment, and enhance support for existing resellers targeting enterprise and commercial sectors. Ingram Micro will assist in partner enablement and marketing initiatives, while Exclusive Networks will expand its reach across diverse geographies. Carahsoft, already a partner, will focus on servicing the U.S. public sector, boosting sales of the Singularity Platform for government agencies.

SentinelOne, Inc. (NYSE: S) reported robust financial results for Q4 FY2023, with a remarkable 92% year-over-year revenue increase to $126.1 million. Annualized recurring revenue (ARR) surged 88% to $548.7 million, alongside a significant rise in customer count, now exceeding 10,000. Key metrics indicate strong market position, with a dollar-based net revenue retention rate above 130%. The company also enhanced its gross margin, reporting 68% GAAP gross margin versus 63% last year. For FY2024, SentinelOne projects revenue between $631 million and $640 million, reinforcing its growth trajectory.

SentinelOne (NYSE: S) has announced new partnerships with Revelstoke, Fletch, Code42, and KnowBe4 to enhance its Singularity XDR platform. These integrations improve security orchestration, automation, and response capabilities, while also addressing insider threats and improving user training. The collaboration aims to streamline security workflows, offering rapid threat detection and effective threat prioritization. The enhancements are expected to reduce alert fatigue and improve response times for cybersecurity teams across various industries.

SentinelOne (NYSE: S) has announced a strategic partnership with Wiz, enhancing cloud security offerings. The collaboration integrates Wiz’s Cloud Native Application Protection Platform (CNAPP) with SentinelOne’s Cloud Workload Protection Platform (CWPP). This union aims to deliver a superior security solution for organizations, facilitating better detection, prevention, and response to cloud threats. Both companies emphasize improved visibility and simplicity in securing cloud infrastructures, which is crucial for digital transformation. The partnership positions them as leaders in the cybersecurity sector, enabling clients to innovate securely in the cloud.

SentinelOne (NYSE: S) and Code42 have announced a strategic integration that enhances cybersecurity against insider threats. The partnership adds Code42’s Incydr solution to SentinelOne's Singularity Platform, enabling users to swiftly detect data risk and respond to incidents. This integration improves visibility over sensitive data and automates device isolation during investigations, reducing response times for security teams. Key benefits include improved detection of insider threats, containment of data risks, and significant time savings by automating critical actions.

SentinelOne (NYSE: S) announces key executive appointments to enhance its product leadership team. Jane Wong joins as SVP of Product Management and Lana Knop as VP of Product Management, both from Splunk. These appointments aim to support SentinelOne's growth and execution of its Singularity platform, focusing on autonomous cybersecurity solutions. Wong has a history of driving product innovation, contributing significantly to Splunk's revenue, while Knop brings experience that helped position Splunk as a SIEM leader. Together, they bring 45 years of cybersecurity experience to tackle today's security challenges.

N-able will host five live events in partnership with SentinelOne from March 2 to March 16, spanning New York, London, Amsterdam, Johannesburg, and Cape Town. The events aim to provide partners with updates on security features, partner resources, and a session with a cyber insurance underwriter covering essential requirements for MSP businesses. Participants will also engage in peer-sharing discussions about transitioning to SentinelOne’s services. This roadshow enhances partner engagement and addresses significant cybersecurity trends, particularly amidst increasing ransomware attacks.