SentinelOne acquires PingSafe to strengthen cloud security by Investing.com


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MOUNTAIN VIEW, Calif. – SentinelOne (NYSE: S), an AI-based security company, announced the completion of the acquisition of PingSafe, a cloud-native application protection platform (CNAPP). This transaction is expected to enable SentinelOne to enhance its cloud security capabilities by integrating PingSafe technology into its Singularity platform.

The acquisition aims to provide complete visibility across all vectors, which is essential for security teams to combat cyber threats that often start with endpoints and identities. By combining its AI-driven workload and data lake protection with PingSafe’s CNAPP, SentinelOne aims to provide a unified security solution that protects the entire enterprise spectrum.

According to Ric Smith, director of products and technology at SentinelOne, the PingSafe integration will redefine cloud security by creating a platform that delivers agentless CNAPP and agent-based threat protection for cloud workloads and storage.

SentinelOne’s acquisition of PingSafe is part of its broader business strategy to provide advanced security solutions to its customers, which include Fortune 10, Fortune 500 and Global 2000 companies, as well as large government entities.

The information in this article is based on a press release from SentinelOne.

InvestingPro Insights

In light of SentinelOne’s recent acquisition of PingSafe, analyzing the company’s financial health and market performance can provide investors with a holistic view of its potential. According to real-time data from InvestingPro, SentinelOne has a solid market capitalization of $8.23 billion. Despite not being profitable over the last twelve months, the company has seen impressive growth in revenue, with an increase of 58.43% over the same period. This growth trajectory is also highlighted by quarterly revenue growth of 42.35%, indicating a strong upward trend in the company’s financial performance.

InvestingPro’s guidance reveals that SentinelOne holds more cash than debt on its balance sheet, a sign of financial stability that could be crucial as the company integrates PingSafe technology. Furthermore, analysts have revised its earnings upward 23 times for the next period, suggesting a positive outlook on the company’s future profitability. While analysts don’t expect the company to be profitable this year, strong revenue growth and strategic acquisitions like PingSafe could pave the way for long-term success.

Investors looking for more in-depth analysis will find plenty of additional advice at InvestingPro. For those interested in a comprehensive investment tool, InvestingPro is currently offering a special New Year’s promotion with discounts of up to 50%. Use coupon code SFY24 to get an extra 10% discount on a 2-year InvestingPro+ subscription, or SFY241 to get an extra 10% discount on a 1-year subscription to InvestindoPro+. With this information and tools, investors can make more informed decisions about SentinelOne’s potential in the changing cybersecurity landscape.

This article was generated and translated with the help of AI and reviewed by an editor. For more information, see our T&Cs.

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