SentinelOne Earnings Point to Strong AI-Driven Cybersecurity Demand
1. SentinelOne (S) shares rose 6% after strong fiscal results. 2. Q2 annualized recurring revenue exceeded $1 billion, up 24% year-over-year. 3. Analysts credit strong performance to improved execution and product expansion. 4. Increased AI threats are driving strong cybersecurity demand, as noted by analysts. 5. Companies expect a 9.8% rise in cybersecurity software spending this year.