Weingarten pushed back - noting that SentinelOne’s “technology costs as much or more than competing products. At some point, you’ve got to reverse the losses and start generating cash.” As CRN noted, Kurtz said SentinelOne was “buying growth. In July, CrowdStrike dinged SentinelOne for its low prices. Our artificial intelligence deflects more attacks. As Weingarten told me in a September 17 interview, “We offer a shift from detect and react - which involves costly human intervention to remediate. SentinelOne says its solution reduces customer pain. And if you take a more prevention-first approach, you can actually stop these fires from even happening.” As he told CRN, “ feeling more and more frustrated by the need to constantly put out fires. We have an advantage with no human intervention.”Įarlier this month, Weingarten again asserted that customers prefer its prevention first approach. Others let you see something's happening and sends you to an analyst. In June 2019, Weingarten said that SentinelOne wins in competition against CrowdStrike and others because its technology is “more effective and efficient. SentinelOne argued that CrowdStrike’s product does not do enough to stop cyberattacks preemptively. A favorable review praised SentinelOne’s team, noting that “it has been nothing short of amazing in sales, customer service, quality of the product, and technical support.” A less favorable review complained of the need for updates that “require significant changes in the enterprise.” SentinelOne’s Singularity Platform received 4.8/5 stars from 342 reviews. A critical review noted that CrowdStrike’s “support team feels their product is so good that.they would prefer for the software to cause issues to learn and then correct it.” One five star review praised the company’s responsive service and its thorough concept demonstration. The success of our platform strategy and our growing brand leadership has led to a groundswell of customers turning to CrowdStrike as their trusted security platform of record.” Customer Value Propositions: Both Very StrongĬustomers give both companies high marks.ĬrowdStrike’s Falcon endpoint security service received 4.9/5 stars from 757 customers, according to Gartner Peer Insights. As CEO George Kurtz said, “CrowdStrike delivered an outstanding second quarter with rapid subscription revenue growth and record net new ARR generated in the quarter. ![]() While its operations burned through $42 million in cash, SentinelOne ended the quarter with $1.7 billion in balance sheet cash.ĬrowdStrike - which is about 7.3 times bigger than SentinelOne - reported expectations-beating growth in revenue and earnings per share while its guidance for the October-ending quarter suggests a significant growth slowdown.Ĭrowdstrike's total revenue increased 70% in the second quarter to $337.7 million - over $24 million more than analysts expected while its non-GAAP earnings per share of 11 cents was two cents a share more than the consensus, according to ZDNet.įor the third quarter, Crowdstrike expects total revenue in the range of $358 million to $365.3 million - the midpoint of which is 56% higher than its third quarter 2020 results.Ĭrowdstrike was pleased with the results. Nevertheless, the company is in solid financial shape. Meanwhile its net loss of $46 million was about 116% worse than the year before and its net loss per share of 62 cents was a whopping 42 cents worse than the analyst consensus. It anticipates 101% revenue growth to $49.5 million - about $9 million more than analysts had expected, according to CRN. ![]() SentinelOne also raised its forecast for revenue in the October-ending quarter. How so? In the three months ending July 31, SentinelOne’s revenues rose about 121% to $45.8 million about $6 million more than analysts projected. ![]() It also forecast very rapid revenue growth for the current quarter. In its most recent financial report SentinelOne beat revenue expectations but lost more money than expected. However, SentinelOne is growing much faster - albeit from a much smaller base. By that measure, both SentinelOne and Cr0wdStrike have done well.
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