SentinelOne raises annual revenue forecast on robust cybersecurity spending

Signage and cars are displayed in honor of SentinelOne, a cybersecurity firm’s IPO, outside the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2021. REUTERS/Brendan McDermid/File Photo

(Reuters) -Cybersecurity firm SentinelOne on Tuesday forecast third-quarter revenue above Wall Street estimates and raised its annual revenue outlook, as cybersecurity spending remains strong.

The California-based company's shares rose nearly 18% in afterhours trading.