SentinelOne Is Grounded; CrowdStrike Flies -- Can This AI Cybersecurity Stock Make a Comeback?
The last few months look like nothing more than a head fake from AI-powered endpoint security provider SentinelOne (NYSE: S). The company provided a sizable downgrade to its expected growth for this year, and it wasn't at all what Wall Street was expecting. Following the earnings report, the stock will have given up all of its 2023-to-date rally and then some.
Meanwhile, fellow endpoint cybersecurity software company CrowdStrike Holdings (NASDAQ: CRWD) also reported earnings this week. It too is showing signs of slowing growth as customers tap the brakes on spending over economic concerns. But CrowdStrike is in a very different place than SentinelOne, as it's generating lots of profit. Can SentinelOne make a comeback, or is it time for investors to move on?
On the surface, SentinelOne's Q1 fiscal 2024 results (the three months ended in April) certainly weren't bad. Revenue grew 70% year over year. The results missed the mark, though, and SentinelOne downgraded expectations for the rest of the fiscal year.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 139 Buy predictions and 2 Sell predictions.
As a result the target price of 334 € shows a positive potential of 46.33% compared to the current price of 228.25 € for CrowdStrike Holdings Inc.
