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Stock impact report

SentinelOne weaker amid report Cisco passed on acquisition on revenue concerns [Seeking Alpha]

SentinelOne, Inc. Class A (S) 
Last sentinelone, inc. class a earnings: 1/27 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.sprint.com/home/default.aspx
Company Research Source: Seeking Alpha
Cisco ( CSCO ) decided to withdraw from takeover talks with SentinelOne after the company, in early June, changed how annualized recurring revenue ARR ) was calculated, according to a Calcalist report on Thursday. SentinelOne ( S shares crashed 35% on June 2 in the wake of the revenue recognition change. Before the drop, Cisco ( CSCO ) was looking at a value of $8 billion to $9 billion for SentinelOne. SentinelOne currently has a market cap of $4.9 billion. SentinelOne ( S ) is currently working with investment bank Qatalyst Partners to find a new suitor, and Cisco ( CSCO ) could be interested at a lower price, according to the Calcalist report and a similar report from Reuters last month. SentinelOne ( S ) CEO Tomer Weingarten has disputed that the cybersecurity firm is for sale. Earlier this month, he told CNBC he wasn't selling the firm. "We are very focused on our independent path," Weingarten told CNBC. "We have a number of financial advisors all the time. None of that i Show less Read more
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