Why SentinelOne Stock Surged Today
Shares of cybersecurity company SentinelOne (NYSE: S) surged on Monday because it's one of 's biggest rivals and CrowdStrike is struggling. As of 11:30 a.m. ET, SentinelOne stock was up 8% whereas CrowdStrike stock was down about 12%.
According to Microsoft, an estimated 8.5 million Windows-based devices went down Friday after CrowdStrike's software update had a defect. Today, CrowdStrike stock is down as the analyst community sounds the alarm about the potential fallout. It's possible that businesses will be reluctant to sign contracts with the company right now, which would seemingly be an opportunity for SentinelOne.
For its part, CrowdStrike doesn't mention SentinelOne by name in its latest annual filing. But SentinelOne does mention CrowdStrike first among its competitors in the endpoint security space. Since the two companies offer similar services in this area, it's logical to expect SentinelOne to get a new inflow of business leads because of CrowdStrike's misstep.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 136 Buy predictions and 2 Sell predictions.
As a result the target price of 336 € shows a positive potential of 42.43% compared to the current price of 235.9 € for CrowdStrike Holdings Inc.
