We recently published 10 Resilient Stocks Defying Market Sentiment. SentinelOne, Inc. (NYSE:S) is one of Monday’s biggest gainers.
SentinelOne saw its share prices increase by 9.83 percent on Monday to close at $19.78 apiece following reports that it was mulling over a sale to Palo Alto Networks Inc. (NASDAQ:PANW).
According to the reports, SentinelOne, Inc. (NYSE:S) and Palo Alto Networks Inc. (NASDAQ:PANW) are now in advanced discussions for the potential merger, which could be valued between $8 billion and $10 billion.
Palo Alto, founded by Israeli entrepreneur Nir Zuk, is one of the largest cybersecurity companies globally with a market capitalization of $134 billion.
Both firms have yet to issue their comments about the rumors.
The acquisition reports followed SentinelOne, Inc.’s (NYSE:S) disappointing earnings performance in the first quarter of fiscal year 2026.
A cybersecurity expert monitoring the security of the company's assets, emphasizing the importance of data protection.
According to the company, its net loss nearly tripled to $208 million from $70 million in the same period last year, despite revenues increasing by 23 percent to $229 million from $186 million year-on-year.
Looking ahead, SentinelOne, Inc. (NYSE:S) expects $242 million in revenues for the second quarter of the fiscal year, as well as between $996 million and $1 billion for the full fiscal year.
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