Oct. 7 at 6:17 PM
$S Pretty much everything cybersecurity on my watch list got hammered today including
$CRWD $ZS and others.
I still find the pricing disparity between Crowdstrike and SentinelOne to be a bit silly.
It can be pointed out that S1 is not as profitable as CRWD and probably needs to raise their prices.
I did a recent pricing exercise where CRWD was almost double the price of S1 for a mid-size enterprise for a mostly apples to apples comparison. To me that says S1 needs to start looking at price increases as they gain more market share.
S1 is growing YoY at 32% revenues vs CRWD 29%
The attraction to CRWD is the brand recognition mostly. "Nobody gets fired for buying _____" mentality.
Anyway, the SentinelOne valuation ratios price it like a dead fish. Watch Broadcom come in and pull it into their portfolio and price it right, or perhaps
$ZS will pick up an EDR product.
