AdvertisementAdvertisementBusinessFILE PHOTO: SentinelOne logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo29 Aug 2025 06:23AM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST SentinelOne raised annual revenue forecast on Thursday, a sign of growing demand for the company's cybersecurity tools, sending its shares surging around 9 per cent 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.SentinelOne expects third-quarter revenue of $256 million, above analysts' average estimate of $254.4 million, according to data compiled by LSEG.The company raised its annual revenue forecast to between $998 million and $1.002 billion, compared with its prior expectations of between $996 million and $1.001 billion.Its annualized recurring revenue (ARR), which is derived from active subscription and usage-based contracts, rose 24 per cent to $1 billion as of July 31.SentinelOne's second-quarter revenue rose 22 per cent to $242.2 million, in line with analysts' estimates.It reported adjusted earnings per share of 4 cents, compared with estimates of 3 cents.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST