SentinelOne: Market Has No Respect

Summary

• SentinelOne delivered another strong quarter with 23% ARR growth, surpassing $1 billion in annual recurring revenue.
• The cybersecurity company's pivot to AI-driven security is materializing, with non-endpoint business now 50% of bookings and Purple AI attach rates exceeding 40%.
• Despite robust growth and improving profitability, S stock trades at just 4x forward sales—well below peers like CRWD and PANW.
• I remain ultra bullish, viewing current multi-year lows as a prime buying opportunity given S’s growth and attractive valuation.