March 20 Cybersecurity: an AI stock to buy and hold for the long term
This week on cybersecurity from the editors of Cybercrime Magazine
–Read the full story at The Motley Fool
Sausalito, California – March 20, 2024
The Motley Fool reports that cybercrime will cost the world 9.5 trillion dollars in 2024according to an estimate from Cybersecurity Ventures.
SentinelOne fights cybercrime by putting artificial intelligence (AI) at the heart of its products, and the company continues to grow faster than its competitors. The Motley Fool shares why investors might want to buy SentinelOne stock now and keep it for the long term.
Palo Alto Networks recently highlighted a tenfold increase in the frequency of phishing emails over the past 12 months. Attackers use generative AI to quickly create realistic content designed to trick employees into handing over sensitive information about their organization.
A recent PwC survey confirms this. Of the 4,702 top CEOs who responded, 64% are most concerned about the situation. cyber risks posed by generative AI. This fear goes beyond the spread of misinformation and even the potential reputational risks posed by the use of technology.
Automated cybersecurity tools are essential to fending off the barrage of AI-based attacks. SentinelOne’s Singularity is a holistic cloud, endpoint and identity protection platform with AI at its heart.
SentinelOne generated $174 million in revenue during the fiscal fourth quarter of 2024 (ended January 31), up 38% year-over-year. This is a faster growth rate than Palo Alto Networks (19%) and CrowdStrike (33%) achieved in their most recent quarters. They are two of SentinelOne’s Biggest Rivals in AI-Driven Cybersecurity.
SentinelOne stock is trading 71% below its all-time high, which was set during the 2021 tech frenzy when investors assigned it an unrealistic valuation. Investors who buy SentinelOne stock now and hold them for the next 10 years might be glad they did when they look back on this moment.
Cybercrime Magazine is the front page for cybersecurity. Access one of our sections to read the latest news:
- SCAM. The latest schemes, frauds and social engineering attacks launched against consumers around the world.
- NEWS. Comprehensive coverage of cyberattacks and data breaches, plus the latest privacy and security articles.
- TO HACK. Another organization is hacked every day. We tell you who, what, where, when and why.
- RESUME. Cybersecurity venture deals track the latest investment activity from various sources across the globe.
- Mergers and Acquisitions. Cybersecurity mergers and acquisitions, including big tech, pure-play cybersecurity, product providers, and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Real-time cybersecurity industry news and press releases from Business Wire editors.
- PODCAST. New daily episodes on the Cybercrime Magazine podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune in to WCYB Digital Radio on Cybercrime.Radio, the first and only 24-hour Internet radio station dedicated to cybersecurity.
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