The cybersecurity industry is rapidly growing in importance as cyberthreats become more sophisticated. Many bad actors are even using advanced technologies like artificial intelligence (AI) to stage attacks, which calls for new levels of protection.

Consulting firm PwC surveyed 4,410 leading CEOs earlier this year. A stunning 25% of respondents felt their company would be 'highly' or 'extremely' exposed to cyberthreats over the next five years. They perceived cyberattacks as an equal risk to geopolitical conflicts, potentially even more damaging than climate change.

SentinelOne (NYSE: S) is a leading provider of AI-based cybersecurity, with a focus on automated threat detection and incident response. The company just reported positive financial results for the fiscal 2024 third quarter (ended Oct. 31), and its stock immediately soared 20%. Here's why investors sitting on idle cash -- money they don't need for immediate expenses -- should consider allocating at least $100 to SentinelOne stock and holding it for the next decade.

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Source Fool.com