Shares in cybersecurity firm CrowdStrike fell amid a report that its top executives are part of a government probe involving a technology distributor and the IRS.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
SentinelOne has gotten torched over the last six months - since November 2024, its stock price has dropped 30.6% to $18.96 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Shares of cyber security company SentinelOne (NYSE:S)
fell 6.3% in the morning session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about "reciprocal tariffs" to be announced later in the week. The planned tariffs, scheduled for April 2, 2025 (dubbed Liberation Day), were targeted at all countries where the United States had a trade deficit.
Several cybersecurity stocks have experienced a huge drop in the last three or four months, creating a potential buying opportunity at more favorable prices.
Trade tensions create concerns for automotive industry. Goldman Sachs warns tariffs could hurt earnings. EPA starts process to reverse emissions standards. FTC requests delay in Amazon trial. Trump suggests Meta may invest $60B in US. Earnings reports for S, UiPath, BLNK, RBRK.
SentinelOne is set up to rebound strongly, and it could begin at any time. Macroeconomic headwinds and non-fundamental forces are weighing on the price.
