Key Takeaways PANW's NGS ARR grew 29% year over year to $5.85B in Q1 fiscal 2026, led by platform adoption.Platform customers are scaling fast, with those above $5M and $10M in NGS ARR up about 50%.Large XSIAM and SASE deals show enterprises are replacing legacy tools with PANW's unified platform.Palo Alto Networks (PANW) is seeing steady growth in its next-generation security (NGS) business, where the company’s platformization strategy plays a key role. The platformization strategy involves getting custome ...

Key Takeaways CRWD's Falcon Flex ARR topped $1.35B in Q3 fiscal 2026, growing more than 200% year over year.Falcon Flex is driving larger deals, including multiple eight-figure contracts tied to SIEM and AI modules.Re-Flex activity surged, with several customers signing new deals at more than twice their original spend.CrowdStrike’s (CRWD) Falcon Flex subscription model is becoming a key driver of the company’s growth. In the third quarter of fiscal 2026, management said that more customers are choosing Fle ...

SentinelOne Inc. (NYSE:S) is one of the AI stocks under $20 to buy now. On December 5, DA Davidson lowered the firm’s price target on SentinelOne to $16 from $19 and kept a Neutral rating on the shares. The firm highlighted that the company delivered a strong FQ3 2026 performance, with its $1.055 billion in annual recurring revenue surpassing the consensus estimate of $1.051 billion. DA Davidson noted that the stock is currently undervalued, but an upward shift in valuation is unlikely until there is clear ...

Since my last coverage , SentinelOne ( S) shares are down ~8% on macro-driven deal delays and trimmed FY26 guidance, yet fundamentals continue to improve. Platform adoption is accelerating, with non-endpoint solutions nearing half of bookings, triple-digit growth in Data Solutions, and Purple AI attachHi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Account ...

Core Insights - SentinelOne (S) shares have decreased approximately 8% due to macro-driven deal delays and a reduction in FY26 guidance, although the company's fundamentals are showing improvement [1] Group 1: Financial Performance - Platform adoption is accelerating, with non-endpoint solutions approaching 50% of total bookings [1] - Data Solutions are experiencing triple-digit growth [1] Group 2: Strategic Focus - The company is emphasizing the integration of Purple AI into its offerings [1]

Key Takeaways PANW's Cortex XSIAM reached about 470 customers, with average ARR per customer above $1M.Palo Alto Networks signed its largest XSIAM deal yet, an $85M contract with a U.S. telecom customer.Cortex XSIAM is driving platform adoption, with linked platform deals more than doubling year over year.Palo Alto Networks (PANW) is seeing steady growth in Cortex Extended Security Intelligence and Automation Management (XSIAM), its security operations platform. In the first quarter of fiscal 2026, the comp ...

Core Insights - CrowdStrike's Falcon Flex model is rapidly growing and is integral to the company's expansion strategy, with Annual Recurring Revenue (ARR) from Falcon Flex customers reaching $1.35 billion in Q3 fiscal 2026, more than tripling from the previous year [1][9] Group 1: Falcon Flex Growth and Impact - Falcon Flex facilitates quicker adoption of new modules without lengthy contract processes, resulting in increased platform usage and strong re-Flex activity, with over 200 customers expanding their contracts in Q3 [2][9] - The model is driving growth in key product areas such as Next-Generation Security Information and Event Management, cloud security, identity security, and endpoint protection, as it reduces procurement friction and encourages multi-module adoption [3][9] - Falcon Flex is expected to remain a significant growth engine for CrowdStrike, contributing to increased ARR, larger deal sizes, and deeper platform utilization, with revenue estimates indicating a year-over-year increase of around 21% for fiscal 2026 and 2027 [4] Group 2: Competitive Landscape - Competitors like Palo Alto Networks and SentinelOne are also experiencing growth through platform expansion and AI innovations, with Palo Alto Networks reporting a 29% year-over-year increase in its Next-Gen Security ARR in Q1 fiscal 2026 [5] - SentinelOne achieved a 23% year-over-year growth in its ARR for Q3 fiscal 2026, driven by the adoption of its AI-first Singularity platform [6] Group 3: Financial Performance and Valuation - CrowdStrike's shares have increased by 9.6% over the past three months, contrasting with a 3.3% decline in the Zacks Security industry [7] - The company trades at a forward price-to-sales ratio of 21.56, significantly higher than the industry average of 11.83 [11] - The Zacks Consensus Estimate for CrowdStrike's fiscal 2026 earnings suggests a year-over-year decline of 5.6%, while fiscal 2027 earnings are expected to grow by 28.8%, with recent upward revisions in estimates [14]

Core Viewpoint - Citron Research believes that SentinelOne Inc. is significantly undervalued by the market, with a price target of $32, representing a potential upside of 113% from its current price [1][6]. Company Performance - SentinelOne reported third-quarter revenue of $258.91 million, a 23% increase year-over-year, surpassing consensus estimates of $257.7 million [7]. - The adjusted earnings per share for the quarter were $0.07, exceeding analyst expectations of $0.05 [7]. - Despite strong Q3 results, the stock experienced a decline due to a soft fourth-quarter outlook, with projected revenues of $271 million, slightly below analyst expectations [8]. Market Mispricing - Citron highlighted that the market is valuing SentinelOne at only 5.21 times sales, which is indicative of a company perceived to be failing [3]. - The report emphasized that Wall Street often misjudges software transformations, as seen in SentinelOne's transition from an endpoint vendor to a fully native AI security platform [4]. Competitive Advantage - SentinelOne's generative AI product, Purple AI, is identified as a significant competitive advantage, offering a 338% ROI over three years, 55% faster threat remediation, and a 60% reduction in major security event likelihood [5]. Strategic Positioning - Citron described SentinelOne as an "obvious strategic target" for mergers and acquisitions by larger companies, reinforcing the need for the stock to be revalued [6].

Core Insights - The Magnificent Seven, a group of trillion-dollar corporations, have significantly influenced the stock market and established the foundation of the digital economy, but they face growth limitations due to the Law of Large Numbers [1][4] - A market shift is occurring as institutional investors are moving capital from mega-cap stocks to high-growth mid-cap companies that specialize in applying artificial intelligence (AI) [2][3] Company Summaries Micron Technology - Micron Technology is positioned at the center of a supply shortage for High Bandwidth Memory (HBM), specifically HBM3E chips, which are critical for AI servers [7][8] - The demand for HBM has outstripped supply, with Micron's production capacity sold out through 2026, granting the company significant pricing power and higher profit margins [8][9] - Micron's memory stacks are approximately 30% more power-efficient than previous generations, providing substantial energy savings for data centers [11] - The company is experiencing a Super Cycle driven by insatiable demand for AI infrastructure, leading to clearer revenue visibility [12] Palantir Technologies - Palantir Technologies has emerged as a leader in Operational AI, transitioning from a reliance on government contracts to significant growth in US commercial revenue, which accelerated over 50% year-over-year in 2025 [13][14] - The company's Bootcamp sales strategy allows for rapid implementation of its software, significantly shortening the time to close large deals [16] - Inclusion in the S&P 500 has provided stability to Palantir's stock price, supported by institutional buying and strong performance on the Rule of 40 metric [17] SentinelOne - SentinelOne offers AI-driven security solutions to combat automated attacks, positioning itself as a necessary defense against evolving threats [18] - The company achieved GAAP profitability by the end of fiscal year 2025, followed by positive free cash flow, indicating a sustainable business model [20] - Rapid adoption of SentinelOne's generative AI tool, Purple AI, is enhancing the capabilities of junior security analysts, making it appealing to mid-sized companies [21] - The stock is currently trading at a discount compared to larger rival CrowdStrike, with potential for significant appreciation as profitability concerns are resolved [22] Market Trends - The stock market is evolving, with explosive growth shifting from established giants to emerging companies that address critical bottlenecks in memory supply, operational efficiency, and automated security [23][24]

Key Takeaways CRWD's Next-Gen SIEM saw record net new ARR as customers shift from costly, slow legacy SIEM tools.A major European bank adopted Falcon SIEM, Onum and Charlotte AI in a large eight-figure replacement deal.Expanded AWS access lets millions use Falcon SIEM through Security Hub, widening CRWD's customer pipeline.CrowdStrike ((CRWD) is seeing strong momentum in its Next-Generation (Next-Gen) Security Information and Event Management (SIEM) as part of its mission to protect enterprises against evol ...