HomeMost PopularInvestingSentinelOne (S), Mandiant Team Up to Strengthen Portfolio

SentinelOne (S), Mandiant Team Up to Strengthen Portfolio

Actionable Trade Ideas

always free

SentinelOne and Mandiant have recently announced an expanded partnership aimed at providing organizations with state-of-the-art threat intelligence capabilities. By integrating Mandiant’s threat intelligence into the Singularity Platform, SentinelOne will enhance its existing suite of threat intelligence tools, empowering organizations to gain deeper insights into their threat environment. This collaboration will enable organizations to proactively identify and mitigate emerging threats, as well as swiftly detect any malicious activity within their network.

Driving Growth Through Portfolio Expansion and Partnerships

SentinelOne continues to enhance its cybersecurity and data capabilities by leveraging artificial intelligence. Their Singularity Marketplace has seen significant adoption in recent times.

One of the key components of their evolution is the implementation of Singularity RemoteOps policy, which strengthens Incident Response and enhances Evidence Acquisition for more effective capabilities. This innovative solution allows security teams to pinpoint relevant insights and extract actionable intelligence.

SentinelOne’s Strong Market Performance

The company’s growth strategy has yielded positive results, with SentinelOne adding over 700 new customers in the second quarter of fiscal year 2024, bringing their total customer base to over 11,000. Their Singularity Cloud solution has been the fastest-growing offering, followed by Singularity Data Lake, Vigilance MDR, and Ranger.

Furthermore, SentinelOne has formed partnerships with industry leaders such as ServiceNow and Amazon Web Services, boosting its partner base and enabling end-to-end threat detection and automated response through the Singularity XDR platform.

In the second quarter of fiscal year 2024, SentinelOne’s revenues increased by 46% year over year to $149.4 million. They expect revenues for the third quarter of fiscal year 2024 to reach $156 million, reflecting a 35% year-over-year growth rate.

Zacks Rank and Other Promising Stocks

SentinelOne currently holds a Zacks Rank #3 (Hold). While the company’s shares have returned 13.6% year to date, underperforming the overall Computer and Technology sector, there are other stocks in the sector worth considering.

Dell Technologies, NVIDIA, and Splunk are better-ranked stocks with a Zacks Rank #1 (Strong Buy). Dell Technologies has seen a return of 71.9% year to date, while NVIDIA has gained 200.8%, and Splunk has recorded a 38.6% return.

The long-term earnings growth rates for Dell Technologies, NVIDIA, and Splunk are projected to be 12%, 13.5%, and 24.71%, respectively.

Investment Research and Analysis

If you’re interested in more investment recommendations and in-depth analysis, you can download the β€œ7 Best Stocks for the Next 30 Days” report from Zacks Investment Research. This report features expert-selected stocks that have historically outperformed the market, with an average annual gain of +24.3% since 1988. These stocks are deemed β€œMost Likely for Early Price Pops.”

For further information:

The views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.