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5 Reasons to Buy SentinelOne Stock, and 3 Reasons to Sell

TheMotleyFool

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5 Reasons to Buy SentinelOne Stock, and 3 Reasons to Sell: https://g.foolcdn.com/editorial/images/746412/illustration-of-digital-padlocks.jpg

SentinelOne (NYSE: S) posted its latest earnings report on Aug. 31. For the second quarter of its fiscal 2024, which ended on July 31, the cybersecurity company's revenue rose 46% year over year to $149 million and exceeded analysts' estimates by $8 million. Meanwhile, its adjusted net loss narrowed from $56 million to $25 million, or $0.08 per share, clearing the consensus forecast by six cents.

SentinelOne's stock rose 3% after that report, but it remains more than 50% below its IPO price of $35. Let's review five reasons to buy this out-of-favor stock, as well as three reasons to sell it, to see if it's a worthwhile investment.

Image source: Getty Images.

Source Fool.com

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