Sentinelone Inc Stock Price, News & Analysis

SentinelOne, Inc. (NYSE: S) will release its fourth quarter and fiscal year financial results for the period ending January 31, 2023, after market close on March 14, 2023. A conference call to discuss these results will be held at 2:00 p.m. PT (5:00 p.m. ET) the same day. Investors can access the live webcast and related earnings materials on SentinelOne's Investor Relations website. The company emphasizes its commitment to using its website for material disclosures, urging investors to monitor updates.

SentinelOne (NYSE: S) has announced that Ken Marks, VP of Worldwide Channel Sales, has been recognized as one of the 2023 Most Influential Channel Chiefs for the second consecutive year by CRN. Other notable recognitions from CRN include Chris Catanzaro, Brian Kroneman, and Michelle Patterson. Marks credits the company's success to its commitment to partner programs that reduce reliance on human processes while providing superior cybersecurity. Since June 2021, SentinelOne's program has seen over 20,000 accreditations and 175% growth in deal registrations with numerous successful partner activities in 2022.

SentinelOne (NYSE: S) has announced a strategic alliance with KPMG LLP to enhance cybersecurity measures for enterprises. This collaboration aims to leverage SentinelOne's autonomous cybersecurity platform, Singularity XDR, alongside KPMG's expertise in cyber threat management. The partnership focuses on improving incident response and investigation capabilities, enabling organizations to better protect against cyberattacks, which are increasingly targeting modern enterprises. Industry leaders highlighted the importance of integrated support during cybersecurity incidents, emphasizing the alliance's potential to mitigate risks of data loss and operational disruptions.

SentinelOne (NYSE: S) announced key executive appointments to support its growth in the autonomous cybersecurity sector. Key appointments include Mitra Mahdavian as SVP, Business Transformation, and Bryan Gale as VP, Product Marketing. These leadership changes are aimed at enhancing the company's capabilities in delivering advanced XDR protection. Tomer Weingarten, CEO, emphasized that these appointments will help the company maintain its innovative edge and deliver exceptional cybersecurity solutions. The new executives bring extensive experience from notable tech firms, which will be crucial for the company's strategic initiatives and market expansion.

CrowdStrike (Nasdaq: CRWD) announced key executive appointments to bolster its go-to-market and product strategies. Daniel Bernard is named Chief Business Officer, focusing on revenue growth within the channel and small-to-medium business (SMB) segments. Raj Rajamani will serve as Chief Product Officer for DICE, enhancing product strategy across CrowdStrike's platform. Both executives join from SentinelOne, bringing significant experience in high-growth SaaS and cybersecurity industries. CEO George Kurtz emphasized their roles will drive continued growth and innovation.

SentinelOne (NYSE: S) has joined the Joint Cyber Defense Collaborative (JCDC), a U.S. government initiative aimed at enhancing cybersecurity through public-private collaboration. This partnership will leverage Sentinel's threat intelligence and autonomous platform to bolster the cybersecurity efforts of JCDC, which includes key U.S. security agencies. Founded by CISA in 2021, JCDC focuses on proactive measures against cyber threats. SentinelOne aims to provide insights and support in strategic planning to help JCDC better understand and mitigate emerging cyber threats.

SentinelOne (NYSE: S) was recognized in the December 2022 Gartner Hype Cycle for Endpoint Security across several categories. This recognition highlights the efficacy of its Singularity XDR platform, which aims to enhance cybersecurity while reducing costs for enterprises. Key categories identified include Extended Detection and Response (XDR), Identity Threat Detection and Response (ITDR), Endpoint Detection and Response (EDR), and Endpoint Protection Platforms (EPP). The company aims to improve cybersecurity proficiency by consolidating point solutions and vendors.

SentinelOne (NYSE: S) reported impressive financial results for Q3 FY2023, with revenue increasing 106% year-over-year to $115.3 million, and annual recurring revenue (ARR) also up 106% to $487.4 million. The company saw a 55% growth in total customers, reaching over 9,250, including a near 100% increase in high-value customers with ARR over $100,000. Guidance for Q4 FY2023 suggests revenue will hit $125 million and full-year revenue is estimated at $420-$421 million. Gross margins were solid, with a GAAP gross margin of 64%.

SentinelOne (NYSE: S) announced at AWS re:Invent 2022 that its Singularity Cloud platform integrates with Amazon Security Lake, enhancing security data management and analysis. The collaboration utilizes the Open Cybersecurity Schema Framework (OCSF) for seamless log ingestion and analysis. This integration allows for near real-time threat detection against cloud threats, improving threat hunting and forensic capabilities. Customers can request early access to Skylight, which connects Singularity Cloud to Amazon Security Lake.