SentinelOne raises annual revenue forecast on strong cybersecurity demand

SentinelOne raised annual revenue forecast on Thursday, a sign of growing demand for the company's cybersecurity tools, sending its shares surging around 9% in extended trading. The company's artificial intelligence-powered Singularity platform ingests and analyzes security data in real time, automates threat detection and responses, and aims to reduce manual work for security teams. A wave of cyberattacks has hit global companies, including Microsoft, UnitedHealth Group, Walt Disney and Oracle, prompting the need for robust security solutions.