SentinelOne soars on 'emerging cybersecurity challenger' label from Wall St

FILE PHOTO: The logo for SentinelOne Inc, a cybersecurity firm, is displayed on a screen during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2021. REUTERS/Brendan McDermid/File Photo

(Reuters) - SentinelOne surged nearly 14% on Wednesday after a strong quarterly revenue forecast signaled its entry into the cybersecurity big leagues, challenging larger rivals like Microsoft and CrowdStrike.

The stock hit a more than one-year high and could add nearly $1 billion in value if gains hold, topping up a rise of about 37% notched for the year so far.