SentinelOne Poised to Gain 'Fair' Share in Endpoint Security Market, Wedbush Says-May 2024-www.financetom.com

SentinelOne Poised to Gain 'Fair' Share in Endpoint Security Market, Wedbush Says

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SentinelOne Poised to Gain 'Fair' Share in Endpoint Security Market, Wedbush Says

Dec 5, 2024 9:17 AM

11:55 AM EST, 12/05/2024 (MT Newswires) -- SentinelOne ( S ) is well-positioned to gain its "fair" share in the endpoint security market heading into 2025 and beyond despite fiscal Q3 being a "speed bump" to its growth story, Wedbush Securities said in a note Thursday.

The firm noted that the company's fiscal Q3 results released late Wednesday featured a beat on the top and a miss on the bottom line.

"We remain bullish on the [SentinelOne ( S )] growth story as the company is well-positioned to capitalize on industry tailwinds," said Wedbush analysts, including Daniel Ives.

They said the company has "improving win rates across large enterprises, growing sales productivity, and new logo growth in the pipeline."

Wedbush maintained the company's outperform rating and $32 price target.

SentinelOne ( S ) shares slid 9% in recent Thursday trading.

Price: 26.06, Change: -2.63, Percent Change: -9.15

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