Better Buy: SentinelOne vs. CrowdStrike
SentinelOne (NYSE: S) recently eclipsed CrowdStrike (NASDAQ: CRWD) as the highest-valued cybersecurity IPO in history. SentinelOne's IPO price of $35 per share pegged the company's value at $8.9 billion, which surpassed CrowdStrike's record-setting initial valuation of $6.7 billion in 2019.
SentinelOne is now valued at about $12 billion, while CrowdStrike -- which caught fire after its debut -- is now worth $56.5 billion. Could SentinelOne replicate CrowdStrike's impressive gains in the near future, or should investors simply stick with CrowdStrike instead?
Many traditional cybersecurity companies install on-site appliances that secure a company's network. CrowdStrike entirely replaces that hardware-driven model, which can be difficult to maintain and scale as a company expands, with a cloud-native security platform.
Source Fool.com
