SENTINELONE PRICING FREE

SentinelOne management has stated that the long-term Non-GAAP Gross Margin target is 75% to 80% plus. CrowdStrike, the nearest competitor when it was at a similar stage, had a Non-GAAP Gross Margin of 76% in Q3 2022. Management has made progress and in Q2 2023 the company achieved a 72% Non-GAAP Gross Margin. At the time, the reasons discussed for the margin disparity were that SentinelOne was pricing lower than competitors, smaller deal sizes, Scalyer migration duplication costs and the much larger propensity to spend on R&D and the investment in the cloud infrastructure. The company's Non-GAAP gross margins were 62% in Q2 2022, which is uninspiring, to say the least. SentinelOne's profitability and margin have been a more contentious topic than its revenue growth. Q2 2023 Shareholder Letter (SentinelOne Investor Relations) Gross Margin This will be necessary to justify its current valuation as well as any future share price growth. It appears that SentinelOne is on a similar path and has the ability to become a billion-dollar revenue business. Our business has never been stronger, and we expect these positive trends to continue as we move towards $1 billion in ARR and beyond. In the Q1 2023 earnings call CEO, Tomer Weingarten stated: The company's ARR has grown from $198 million in Q2 2022 to $439 million - a 122% y/o/y growth. This is an impressive 123% y/o/y growth rate. Over a year later the company reported its Q2 2023 quarterly revenue of $103 million.

SentinelOne listed with a humble first reported quarterly revenue in Q2 2022 of $46 million. SentinelOne listed on the NYSE in June 2021 raising $1.33 billion to use for their go-to-market strategy, strategic acquisitions, and product development. According to SentinelOne their total addressable market is vast for current solutions today and is expected to reach $40.2 billion in 2024. CrowdStrike would be the closest public competitor in terms of product quality and business outlook. Each competitor differs in a way with what they are offering and how they go about providing the offer. The cybersecurity sector is extremely competitive which includes CrowdStrike and Palo Alto Networks ( PANW). Cybersecurity has become increasingly important given the rapid increase in cyber-attacks across the world. They have an impressive product suite that includes endpoint protection, an XDR platform, identity protection and cloud security amongst other offerings. SenintelOne is a cybersecurity company that has developed an artificial intelligence extended detection and response (XDR) platform to enable autonomous cybersecurity defense. We also believe that SentinelOne doesn't need to be the next CrowdStrike ( CRWD) to be an attractive investment as the total addressable market is large enough for there to be many winners. This is a high-risk play but with a very high return possibility. We believe SentinelOne ( NYSE: S) is an attractive long-term investment that should provide at least 100% return over the next 2 to 5 years due to: Click here to find out more » Investment Thesis

SENTINELONE PRICING FREE

Active contributors also get free access to SA Premium. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Editor's note: Seeking Alpha is proud to welcome Adrian van der Vyver as a new contributor.

Sentinelone pricing