CrowdStrike competitor SentinelOne to offer 32M shares in IPO at $26-$29 per share

Jun. 21, 2021 6:51 AM ETSentinelOne, Inc. (S), CRWDVMW, AVGO, PANW, CRWD, MCFE, SBy: Niloofer Shaikh, SA News Editor20 Comments
  • California-based cybersecurity software company, SentinelOne (S) to raise up to $928M and could be valued at up to $7.36B after offering 32M shares in the IPO at an expected price between $26-$29 per share.
  • The stock is expected to list on the NYSE under the ticker symbol "S."
  • The company offers an AI-powered extended detection and response platform that fully automates cybersecurity defenses.
  • For Q1, the company recorded 108% Y/Y revenue growth to $34.7M while net losses increased to $62.6M vs. $26.6M year ago.
  • The company's key competitors include: CrowdStrike (NASDAQ:CRWD), VMware (NYSE:VMW), McAfee (NASDAQ:MCFE), Broadcom's (NASDAQ:AVGO) Symantec, and Palo Alto Networks (NYSE:PANW).
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