Cybersecurity company SentinelOne (NYSE: S) went public late last year at one of the highest valuations on Wall Street. Stocks with premium valuations better have the goods to support their price tag, especially in a bear market when investors are less forgiving.

SentinelOne recently reported earnings for the second quarter of its 2023 fiscal year, ending July 31, 2022. Here are three reasons why the company could represent a bargain after its latest business results.

SentinelOne is in a solidly growing sector. Cybersecurity has become a must-have for many enterprises because of how much damage a breach can cause. IBM estimated the average breach cost $4.35 million in 2022. There are more than 174,000 businesses that employ at least 100 people in the United States alone, a huge target market for SentinelOne to grow into over time.

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Source Fool.com