SentinelOne (NYSE: S) is betting that the future of cybersecurity is autonomous.
To explain, SentinelOne claims that the Singularity XDR platform automatically responds to security threats. In particular, Singularity XDR claims to be able to stop security breaches faster than humans. In more detail, Singularity XDR is a digital platform that automatically responds to attacks at machine speed without human direction.
Singularity XDR is a platform that provides endpoint protection, cloud security, incident response tools, identity detection and response, insider threat detection and deception, attack surface management, security data analytics, and managed threat services.
They claim that Singularity XDR Apps can provide enterprise-wide security services. For example, Singularity XDR can provide security for Amazon Web Services, Microsoft solutions, e-commerce, social media, and more.
Singularity XDR detects, investigates and responds to threats. Customers can extend the surface of Sentinel One through the Singularity Marketplace. Marketplace offers easy one-click security apps and tools for your organization.
The Singularity Marketplace can extend apps across your organization’s security systems and IT stack. They claim the Singularity Marketplace works with Microsoft Azure, Okta, zscaler, proofpoint, mimecast, Attivo Networks, cyberark, Recorded Future, netskope, Remendiant, servicenow, and Vectra systems.
Sentinel One (S) Singularity XDR claims to provide one tool for cross-platform visibility and security analytics.
For example, Singularity for Cloud provides a single tool for protecting virtual machines (VMs), servers, containers, and Kubermetes clusters across multiple clouds and data centers. In particular, it claims Singularity for Cloud, allowing you to quickly detect cloud attacks, respond in real time, and prevent disruption to your workloads.
They claim that Singularity on Amazon Web Services (AWS) can autonomously detect and respond to EC2, ECS, and EKS threats from the same console. In theory, Singularity for AWS can extend runtime security and detection for self-managed and AWS-managed Kubermetes services. Singularity for AWS can be integrated with AWS security services such as AWS Security Hub and Amazon Inspector through application programming interfaces (APIs).
Additionally, Singularity Ranger is a real-time attack surface control solution that can uncover rogue assets. They claim that Singularity Ranger provides cloud-delivered network visibility and control.
Singularity Ranger provides global network device inventory, detects threats and alerts users, isolates device-based threats, hunts for suspicious device activity, and quantifies exposure to Ripple 20. Ripple 20 is a security threat in the Internet of Things (IoT).
Singularity Ranger provides cloud-managed distributed intelligence through SentinelOne’s Singularity XDR Platform. They claim Singularity Ranger can isolate device-based threats with a single click.
Sentinel One (S) offers several Singularity solutions for cybersecurity. Singularity XDR solutions include:
Singularity Identity uses real-time infrastructure to detect credential use and fake identities. They claim that Singularity Identity can activate directory (AD) attacks and detect attacks from any system, device or operating system.
They also argue that Singularity Identity could lead AD attacks to a dead end with misinformation. Plus; they claim Singularity Identity can hide data and block attacks.
Singularity Hologram is a network-based threat fraud app that tricks and misleads hackers and attackers. Singularity Hologram is integrated with Singularity Identity.
Singularity Remote Ops investigates attacks and creates countermeasures. Remote Ops conducts forensics to identify attackers and their tactics, and devise responses and defenses. Remote Ops can run multiple scripts to gather forensics and deploy ready-made scripts. They claim that remote operations can create custom scripts for your company’s unique needs.
The Singularity Cloud Funnel automates the transmission of enhanced detection and response (XDR) data. Cloud Funnel allows users to stream her native and open XDR telemetry. This helps organizations conduct audits and comply with laws such as Know-Your-Customer (KYC). It also integrates with other workflows and correlates with other ecosystems.
They claim that the Singularity Binary Vault can automatically investigate new files as they arrive. This will sweep the samples into the SentinelOne Cloud for inspection by other apps.
Therefore, Singularity Binary Vault makes it easy to conduct forensic analysis, integrate executables, and integrate security workflows. Vault can also automatically upload binary files.
Singularity Mobile protects the devices your employees use for remote work. Security Mobile claims it can provide AI-powered protection on cloudless, battery-powered devices. Security Mobile runs on Apple iOS, Android and Alphabet’s Chrome OS operating systems.
In particular, Singularity Mobile can detect zero-day malware, phishing attacks, jailbroken devices, rooted devices, rogue wireless, communication tampering, and man-in-the-middle (MITM) attacks. To explain, in a MITM attack, a predator intrudes into a conversation to eavesdrop, steal data, or infiltrate malware.
They claim that the behavioral model of Singularity Mobile users detects attacks. Additionally, Singularity Mobile can learn how to identify new attacks.
SentinelOne (NYSE: S) Not earning much, but growing fast.
For example, Sentinel One reported quarterly revenue of $115.32 million, quarterly gross profit of $74.32 million and an operating loss of -$104.06 million on October 31, 2022. However, quarterly earnings are up from his $56.02 million on Oct. 31, 2021.
Similarly, gross profit for the quarter increased from $74.3 million on October 31, 2021. Conversely, the operating loss for the quarter increased from -$67.37 million on October 31, 2021.
Stockrow estimates that SentinelOne’s revenue increased 105.87% for the quarter ending October 31, 2022. These revenues increased 128.11% for the quarter ending October 31, 2021.
moreover, Sentinel One (S) reported a “quarterly operating cash flow” of -$59.74 million on October 31, 2022. Quarterly operating cash flow decreased from -$17.21 million on October 31, 2021.
In addition, “cash flow” at the end of the quarter on October 31, 2022 was -$59.73 million. Quarter-end cash flow decreased from -$20.74 million on October 31, 2021. Conversely, SentinelOne is able to generate cash, with quarter-end cash flow of $769 million on April 30, 2022.
SentinelOne has a small amount of debt. Quarterly financing cash flow at October 31, 2022 was $2.9 million. Quarterly financing cash flow increased from $450 million on October 31, 2021 but decreased from $1,367 million on July 31, 2021. to $28 million on October 31, 2022.
SentinelOne had cash and short-term investments of $701.28 million on October 31, 2022. Cash and short-term investments decreased from $1,665 million on October 31, 2021.
In my opinion Sentinel One (S) With total assets of $2.215 billion on October 31, 2022, it has potential value. However, Mr. Market said he paid his $13.49 for his SentinelOne shares on December 22, 2022.
Total assets increased from $1,981 million on October 31, 2021. Conversely, the stock has fallen from his December 20, 2021 $49.15. Therefore, Sentinel’s stock price is much lower, increasing its assets and earnings.
Importantly, the market for SentinelOne’s products is growing. For example, the cost of global cybercrime increased from $3 trillion in 2015 to $10.5 trillion in 2022, Embroker estimates. Additionally, the Ponemon Institute and Keeper estimate that 66% of organizations admitted to being hit by a cyberattack in 2020.
Statista estimates that cyberattacks breached the defenses of 53.35 million US individuals in the first quarter of 2022. This number is down from 291 million Americans in 2021. Additionally, 817 data breaches were reported in the United States in the first quarter of 2022. That number he dropped from 1,862. Data breach in 2021.
So while cyberattacks are common, the problem seems to be under control. Sadly, we expect demand for Singularity XDR to grow for years to come.
If you are looking for a worthwhile investment in cybersecurity.In my opinion Sentinel One (S) Worth considering.
