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1 Unstoppable AI Stock Down 78% to Buy Hand Over Fist

TheMotleyFool

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1 Unstoppable AI Stock Down 78% to Buy Hand Over Fist: https://g.foolcdn.com/editorial/images/736209/a-person-looking-down-at-a-tablet-device-while-standing-in-a-data-center.jpg

Innovative cybersecurity company SentinelOne (NYSE: S) has barely missed a beat since coming public in June 2021. It routinely grows its revenue by triple-digit percentages each year, buoyed by a corporate sector relying more on cloud computing (which drives demand for advanced cybersecurity tools).

But SentinelOne just reported a drop in growth in the fiscal 2024 first quarter (ended April 30), and it also reclassified one of its core financial metrics, which spooked investors.

Its stock price is down 78% from all-time highs, and while investors are right to be a little concerned, SentinelOne is beginning to look like an attractive risk-reward proposition. Here's why.

Source Fool.com

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