SentinelOne
SentinelOne sells security software that sits on every computer a company runs, spots attacks and stops them, often without a person stepping in.
The scores
Growth3/4 ↓
ARR up 22% and revenue 21%, but the yearly amount added has stalled, and two acquisitions added to it.
Business quality2/4 ↓
Customers stay, but retention fell and stopped being filed; Microsoft bundles the job and CrowdStrike sells the same agent.
Financial position4/4 →
$813.2M of cash and investments, no debt, and free cash flow slightly positive before stock pay.
Execution record2/4 →
Three restructurings and three finance chiefs in two years, and the retention figure dropped from filings; recent guides were raised.
Per share capture2/4 →
Shares up about 16% in two and a half years from stock pay and share-funded deals; one buyback offset a year.
Potential2/4 →
About 5.3% of a $22.9B US base, but more needs share won from Microsoft and CrowdStrike, and nothing beyond contracts is signed.
Risk profile3/4 →
Two resellers carry 30% of revenue and the founder controls 29% of votes; no customer above 9% of ARR.
Valuation2/4 ↓
About 8 times sales needs stock pay halved and cash margins near 25%; it has never shown above 8%.
Evidence quality3/4 ↓
Filed revenue, ARR and stock pay; retention and AI security rest on spoken figures, and no independent detection test exists.
The Verdict
We rate SentinelOne neutral. It sells one piece of security software for every company computer, and the business is mixed: sales grow 21%, but the new subscriptions it adds each year have stopped growing, and it pays staff in shares worth 29% of sales. Microsoft and CrowdStrike sell the same job to the same buyers. The price is full: the shares nearly doubled since April, mostly because buyers now pay more for each dollar of sales, and today's price needs profit margins the company has never shown. The view hinges on whether new subscriptions start growing again while stock pay falls.
The long caseAI makes attacks faster and companies buy more security; SentinelOne grows new subscriptions again while stock pay falls, so sales turn into cash.
The evidence under this - 8 claims
- The quarter itself added $56M, up 4%, and the Q4 FY2026 quarter added a record $64M, up 6%, so the recent quarters are growing even though the full year barely did.
- ARR now counts consumption and usage-based agreements, so a year of data-lake usage can move net new ARR without a new contract being signed.
The Q2 figure of $92.1M includes $10.8M of awards accelerated in the May 2026 restructuring, so the underlying run rate is slightly lower than the quarter shows.
- CrowdStrike and Palo Alto are paid far more for cash after stock pay, so a buyer at 52 times is paying less than the sector does for the same kind of cash.
- The 25% cash margin before stock pay is CrowdStrike's level at about four times SentinelOne's revenue; SentinelOne has never shown more than 8% on a trailing year.
The company
Every company computer is a door an attacker can use. SentinelOne puts one small program, an agent, on each laptop, server and cloud machine. It watches what runs, blocks ransomware on the spot and sends what it sees to one screen where a security team, or SentinelOne's own staff, investigates.
Buyers are companies and governments. They would otherwise use CrowdStrike, Palo Alto Networks, or the protection Microsoft includes with Windows licences. SentinelOne can also run fully on a customer's own servers, cut off from the internet, which few rivals offer.
The evidence under this - 4 claims
The assessment is reported by the company; IDC's own document is paywalled, and a Leader placement usually holds several vendors, CrowdStrike and Microsoft among them in past editions.
No outside party in this manifest measures how much of the market needs an air-gapped deployment.
How it makes money
Customers pay a yearly subscription for each computer protected, usually signed for one to three years, plus usage fees for storing and searching security data. Revenue was $292.0M in the quarter to July, up 21%. Contracts not yet turned into revenue total $1.7B. Most sales go through two big resellers, which carried 18% and 12% of last year's revenue, but no single end customer is above 9%.
The evidence under this - 4 claims
The CFO says part of the growth is longer contracts, which lifts the obligation without adding yearly revenue.
Where the money comes from, stream by stream
| Stream | Share of sales (FY2026) | How it earns it |
|---|---|---|
| Subscriptions to the Singularity platform | not disclosed | Endpoint, cloud and identity protection and the data lake, sold per endpoint or workload for one to three years. |
| Services and usage | not disclosed | Managed detection by SentinelOne's own analysts, incident response, and data ingestion priced by use under the Flex licence. |
Who runs it
Tomer Weingarten co-founded the company and has run it since 2013. He holds 29.2% of the votes through shares with extra voting rights, so outside shareholders cannot easily overrule him.
The finance chief, Sonalee Parekh, arrived in March 2026, the third in the role in about two years. Bonuses pay on sales, subscriptions and an adjusted margin that leaves out stock pay, and nothing pays on the share price.
The evidence under this - 3 claims
Why it wins, and who could beat it
Why customers come back
Once the agent is on every machine and the security team has built its routines around the screen, leaving means reinstalling everywhere and retraining. So large customers stay: those paying over $100,000 a year kept 96% of their spending last year.
What has weakened is how much customers add. The share of last year's spending that existing customers paid again, plus what they added, fell from 114% to 110%, and the company then stopped filing it. CrowdStrike files 115%.
The evidence under this - 4 claims
CrowdStrike files 115% for its whole base at the same date; SentinelOne's figure is for its best cohort only and is not in a filing.
The Q4 FY2026 call gave 109% net and 96% gross for customers above $100,000, the largest part of the base, so a figure exists and is spoken rather than filed.
A $100,000-plus cohort at 109% with 96% gross retention is close to CrowdStrike's whole-base figure, so the gap may sit in small customers, which matter less to the value.
The threat
The attack comes from two incumbents, not a new kind of product. Microsoft bundles endpoint protection with email and identity security at $12.00 a user a month, in licences many customers already pay for. CrowdStrike sells a near-identical agent and is the leader. Palo Alto Networks sells the same detection beside its firewalls.
The evidence under this - 4 claims
Management says win rates rose sequentially and year over year, and describes an aerospace customer replacing its primary competitor outright; the displacement runs both ways.
The rivals: MSFT, CRWD, PANW, AVGO, CSCO, and 1 more that is private, in-house or listed abroad.
Who else does this, rival by rival
| Ticker | Rival | How far along | Priced against it |
|---|---|---|---|
| MSFT | Microsoft Defender for Endpoint, in the Defender Suite and E5Priced against it: One segment only | On sale | One segment only |
| CRWD | CrowdStrike FalconPriced against it: Yes | On sale | Yes |
| PANW | Palo Alto Networks Cortex XDR and XSIAMPriced against it: Yes | On sale | Yes |
| Private | Trellix (formerly McAfee Enterprise and FireEye)Priced against it: Private | On sale | Private |
| AVGO | BroadcomPriced against it: One segment only | On sale | One segment only |
| CSCO | Cisco SystemsPriced against it: One segment only | On sale | One segment only |
How big it could get
How big this could get
The United States had 159.0 million people on payrolls in September. Priced at Microsoft's own $144 a year, protecting every one of them is about $22.9B a year. SentinelOne's $1.218B of subscriptions is about 5.3% of that. Growing much past it means taking customers from Microsoft and CrowdStrike.
The evidence under this - 4 claims
Not every worker has a protected machine and many machines have no worker: servers and cloud workloads are priced per sensor, so the seat count both overstates and understates the market.
The results
The numbers
Sales grew 21% over the twelve months to Jul 2026, about the same pace as the 22% in the year to Jan 2026.
Operating margin is −29%, up from −61% in the year to Jan 2024.
Running costs take 102¢ of each sales dollar, down from 191¢ in the year to Jan 2022.
Shareholders' money lost 23% a year, up from −41% in the year to Jan 2022.
It turned 5.1% of sales into free cash, $56.5M over the last twelve months.
Yearly sales growth has ranged from +22% to +120% over the last 5 years.
The share count rose 96% in 4.5 years, and pay in shares costs 29% of sales.
All the numbers
Filed figures from the company's 10-K and 10-Q, read 2026-10-06. Fiscal years end in January.
| Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 | 12 mo to Jul 2026 | |
|---|---|---|---|---|---|---|
| Size and growth | ||||||
| Sales | $205M | $422M | $621M | $821M | $1.00B | $1.10B |
| Sales growth | +120% | +106% | +47% | +32% | +22% | +21% |
| Profit | ||||||
| Gross margin | 60% | 66% | 71% | 74% | 74% | 73% |
| Operating margin | −130% | −95% | −61% | −40% | −32% | −29% |
| Net margin | −132% | −90% | −55% | −35% | −45% | −31% |
| What growth costs, per sales dollar | ||||||
| Research and development | 67% | 49% | 35% | 33% | 32% | 33% |
| Sales and marketing | 78% | 74% | 64% | 59% | 52% | 47% |
| General and admin | 46% | 39% | 32% | 23% | 20% | 19% |
| Pay in shares | 43% | 39% | 35% | 33% | 30% | 29% |
| Capital spending | 1.8% | 1.2% | 0.2% | 0.2% | 0.1% | 0.1% |
| Cash | ||||||
| Cash from operations | −$95.6M | −$193M | −$68.4M | $33.7M | $76.6M | $57.3M |
| Free cash flow | −$99.2M | −$198M | −$69.7M | $31.9M | $75.9M | $56.5M |
| Balance sheet | ||||||
| Cash and short-term investments | $1.67B | $624M | $926M | $722M | $629M | $655M |
| Debt | $0 | - | - | - | - | - |
| Net cash | $1.67B | - | - | - | - | - |
| Returns and shares | ||||||
| Shares (diluted) | 174M | 278M | 295M | 315M | 330M | 342M |
What growth costs
Growth gets cheaper each year. Selling and marketing fell from about three quarters of sales to about half, and the operating loss shrank with it. But counting stock pay the quarter still lost 31% of sales, so the costs have not yet fallen far enough to make money.
The evidence under this - 2 claims
The Q2 figure of $92.1M includes $10.8M of awards accelerated in the May 2026 restructuring, so the underlying run rate is slightly lower than the quarter shows.
The last report (27 Aug)
Quarter ended July 2026, filed figures.
In the quarter to 31 July 2026, sales grew 21% to $292.0M and the company added $56M of new subscriptions, 4% more than a year earlier. It raised its forecast for the year to $1.202B to $1.207B of sales.
Underneath, fewer new large customers arrived: those paying over $100,000 grew 13%, against 18% in January. The share of each sale kept after running costs fell from 75% to 72%. Counting stock pay, the quarter lost $90.8M.
What it did to the thesisIt showed the recent quarters adding more new subscriptions than a year ago, which argues against us, but the year's outlook still implies a slower second half, and profit kept less of each sale. The question of whether additions grow again stays open.
The quarter in detail
Sales growth from the previous quarter, filed figures.
Earnings per share $0.08 against $0.07 expected; $-0.27 as filed, the gap being what the company adds back.
The evidence under this - 7 claims
- The quarter itself added $56M, up 4%, and the Q4 FY2026 quarter added a record $64M, up 6%, so the recent quarters are growing even though the full year barely did.
- ARR now counts consumption and usage-based agreements, so a year of data-lake usage can move net new ARR without a new contract being signed.
Management says it is landing larger deals on purpose, so fewer, bigger customers is the plan rather than a slowdown.
Amortisation of acquired intangibles in cost of revenue doubled to $8.2M with Prompt and Observo, which explains about one point of the reported fall.
What management did with the money
It spent $200M buying back 12.2M shares last year, but paid partly in 6.8M new shares for two acquisitions, Prompt and Observo, and kept issuing shares to staff. It has also cut costs in three restructurings in fifteen months.
Insiders in 2026Q3: 2 purchases and 19 sales, from their Form 4 filings.
The evidence under this - 2 claims
The price, and where we disagree
In short. Full. Cheap against its rivals per dollar of sales, but the price needs the company to turn far more of each sale into cash than it ever has.
The shares closed at $11.94 in April and $25.43 on 5 October. Over that stretch sales per share rose 8.3%; the price per dollar of sales rose 73.8%. The whole security sector rallied in September on fears that AI makes attacks faster.
Analysts are cooling: the share rating it a buy fell from 64.9% to 55.9% since February. The next test is the Q3 FY2027 report, due 3 December, where the company expects sales of $309M to $311M.
The evidence under this - 4 claims
The quarter's diluted count of 370M is 14M above Q2's 356M, so per-share profit grows more slowly than profit.
How we read the multiple
Counting staff paid in shares, the business makes no cash, so sales is the only positive base.
- The company is worth $8.70B, about 8 times its sales over the last year.
- Analysts expect sales of about $1.66B in the year to January 2029.
- If stock pay falls from 29% to 15% of sales and cash margins reach 25%, that leaves about $166M a year.
- That is about 52 times the cash. It has never kept more than 8% of sales as cash over a year.
Against its own history. Buyers pay far more per dollar of sales than they did in April, because the whole sector rose, not because the business changed.
The evidence under this - 5 claims
- CrowdStrike and Palo Alto are paid far more for cash after stock pay, so a buyer at 52 times is paying less than the sector does for the same kind of cash.
- The 25% cash margin before stock pay is CrowdStrike's level at about four times SentinelOne's revenue; SentinelOne has never shown more than 8% on a trailing year.
The Q2 figure of $92.1M includes $10.8M of awards accelerated in the May 2026 restructuring, so the underlying run rate is slightly lower than the quarter shows.
The company's adjusted figure excludes the tax payment and gives 6% of revenue over the year, so the operating cash engine is about twice what the raw figure shows.
Both rivals report an operating margin near zero on a GAAP basis too, yet earn much higher non-GAAP margins; the gap in price is partly a gap in what the business keeps, not only a discount.
Priced against its rivals
The competitors its own annual report names, each confirmed against the rival's filing. Measured on price for each $1 of sales, cheapest first:
| Ticker | Company | price for each $1 of sales |
|---|---|---|
| S | SentinelOne | 7.9× |
| PANW | Palo Alto Networks | 30.0× |
| CRWD | CrowdStrike Holdings | 53.2× |
The middle of the other 2 is 41.6. SentinelOne, Inc. is cheapest of 3.
Rivals' figures come from a data provider, so read the spread of the group rather than any single pair.
Its two closest rivals sell for many times more per dollar of sales, but each keeps far more of every sale as cash, so the gap is not a bargain.
Also checked and set aside: Elastic (a substitute, not the same product).
Private or foreign rivals that cannot be priced: Trellix, Wiz.
Where we disagree with the market
A cheap third player behind CrowdStrike and Microsoft, worth buying as AI makes security spending feel urgent.
Growth is slowing toward about 18% because the new subscriptions added each year have stopped growing, and stock pay falls slowly.
The market prices it partly like its rivals. We read its own numbers: flat yearly additions, a retention figure that fell and then went unprinted, and a share count still rising.
The case against us: the last two quarters added more than a year earlier, the last by 4%, and the forecast was raised. If additions grow 10% this year, slowing growth was a pause, not a trend.
What analysts say, and the evidence
The evidence under this - 7 claims
Both rivals report an operating margin near zero on a GAAP basis too, yet earn much higher non-GAAP margins; the gap in price is partly a gap in what the business keeps, not only a discount.
- The quarter itself added $56M, up 4%, and the Q4 FY2026 quarter added a record $64M, up 6%, so the recent quarters are growing even though the full year barely did.
- ARR now counts consumption and usage-based agreements, so a year of data-lake usage can move net new ARR without a new contract being signed.
- If the guardrail is conservative and the second half merely matches last year's $117.7M, the year adds about $217M, 9% more, and ARR growth holds near 19.4%.
- A large multi-year contract can land in one quarter and move a half-year comparison by more than the whole gap.
The Q4 FY2026 call gave 109% net and 96% gross for customers above $100,000, the largest part of the base, so a figure exists and is spoken rather than filed.
The pack dates the August move to the 27th, the day of the release after the close; the bar may be offset by one session, which does not change its size.
What could go wrong, and how we would know
The risks
- Microsoft's bundle. Microsoft includes the same protection in licences customers already own, at $12.00 a user a month, making a second vendor an extra cost.
- Stock pay dilutes owners. Stock pay is 29% of sales, and the share count rose from 294.9M to 341.5M in two and a half years.
- Retention went unprinted. It stopped filing how much existing customers expand after the figure fell from 114% to 110%.
- No independent test. It left the one public head-to-head detection test in 2025, so buyers cannot compare it against rivals in public.
- Left out of AI partnerships. Anthropic's AI security project named CrowdStrike, Microsoft and Palo Alto Networks as launch partners, and not SentinelOne.
- Two resellers carry 30%. Two resellers carried 18% and 12% of last year's revenue; losing either would disrupt sales.
The evidence under this - 8 claims
The Q2 figure of $92.1M includes $10.8M of awards accelerated in the May 2026 restructuring, so the underlying run rate is slightly lower than the quarter shows.
The Q4 FY2026 call gave 109% net and 96% gross for customers above $100,000, the largest part of the base, so a figure exists and is spoken rather than filed.
MITRE's own chief technology officer told the same reporter the 2025 test may have been too complex, so the withdrawal is not by itself a sign the product scored badly.
SentinelOne says on its August call that it serves as a security partner in Glasswing; Anthropic extended access to over 40 further organisations it does not name.
What we still do not know
- How much existing customers expand across the whole base today; the last filed figure is from January 2025.
- How large the fast-growing AI security business is in dollars; management says only that it tripled.
- Whether the new subscriptions added this year grow, as management hopes, or fall in the second half, as its own outlook implies.
The evidence under this - 4 claims
The Q4 FY2026 call gave 109% net and 96% gross for customers above $100,000, the largest part of the base, so a figure exists and is spoken rather than filed.
- No dollar figure is given for either, and the CFO said the categories grow 'off of a smaller base'; tripling a small number does not move a $1.2B total much.
- Prompt was bought in September 2025, so some of the tripling is the acquired business's first full year.
MITRE's own chief technology officer told the same reporter the 2025 test may have been too complex, so the withdrawal is not by itself a sign the product scored badly.
- The same call spoke of acceleration in data, cloud and AI security, and first-half net new ARR grew 22%; a guardrail left unchanged after that half may be conservative rather than a forecast.
- In March the chief executive called about $200M of net new ARR for the year 'probably a slight improvement', which is the same low bar in other words.
What would change our view
- Neutral→AttractiveNew subscriptions grow again while stock pay falls
It needs all of:
- ○The new subscription value added in the year to January 2027 grows 10% or more on last year's $199.0M.checked at the next results, due by 3 Dec
- ○Stock pay falls below 22% of sales over four quarters.checked at the next results, due by 3 Dec
- Neutral→AttractiveBack to the April price on the same business
It needs:
- ○The shares fall back to about 4 times the last year's sales, where they were in April.about $13.06 today, 49% below the last close
- Neutral→UnattractiveGrowth stalls outright
It needs any of:
- ○The new subscription value added in the year to January 2027 falls below last year's $199.0M.checked at the next results, due by 3 Dec
- ○Retention, when next disclosed, is below 105%.checked at the next results, due by 3 Dec
What is coming
- 3 December 2026 Q3 FY2027 results: Whether net new ARR grows on the prior year's quarter and whether stock pay falls below 27% of revenue.
Every dated event ahead
- 3 December 2026 Q3 FY2027 results: Whether net new ARR grows on the prior year's quarter and whether stock pay falls below 27% of revenue.
- March 2027 Q4 FY2027 results and FY2028 guidance: FY2027 net new ARR against $199.0M, the guide for FY2028, and whether the 10-K prints a retention figure again.
Since we wrote this
- 14 OctNewsSentinelOne proposed, then priced, $1.25B of 0% convertible notes due 2031. View held$1.25B 0% convertible senior notes due 2031: proposed 13 October, priced overnight.
- 6 OctThesis writtenNeutral, medium convictionWritten two months before Q3 FY2027 results, after the shares nearly doubled from April on a higher multiple.
Also checked 1 time with nothing new to act on.
Sources 19
Sources - 19
Every claim above cites one of these, or states the reasoning that derived it. The quote is frozen at the date it was read: a link can rot, and an agent fetch returns a reading of a page rather than the page. Backs counts the whole claim ledger, so it can name a claim this page does not surface.
- S01primarycompany filing2026-08-28ARR, the $100,000 customers, the retention wording, remaining performance obligations, the May 2026 restructuring, the Israeli tax agreement and its change-of-control acceleration, the share count and the no-buyback halfbacksC01C02C03C07C09C12C13C14C15C28C29C31C40
- S02primarycompany release2026-08-27the quarter's statements, the non-GAAP reconciliation, free cash flow and the raised FY2027 guidancebacksC02C10C14C15C30C41C42
- S03primarytranscript2026-08-27net new ARR of $56M up 4%, AI security ARR tripling, Flex above 10% of ARR, the net new ARR guardrail as an analyst put it and the CFO's answer; eight analysts' questions
ARR from our AI security offerings, Prompt and Purple AI, continues to be in hyper growth, tripling year-over-year in Q2.
backsC05C08C26C28C44 - S04primarycompany filing2026-03-19Item 1 and the Competition section, ARR for three years, retention described without a figure, channel partner concentration, the buyback, the Prompt and Observo considerationbacksC01C03C07C09C13C17C29C40C44
- S05primarycompany release2026-03-12FY2026 free cash flow of $51.9M and the first FY2027 guidancebacksC30
- S06primarytranscript2026-03-12the only retention figures since the 10-K stopped printing one: 96% gross and 109% net for customers above $100,000; record Q4 net new ARR of $64M up 6%; management's 'slight improvement' on about $200M of net new ARR for FY2027
For customers with $100,000 or more in ARR, our gross retention rate was 96% in Q4, and our dollar-based net retention rate for these customers was 109%
backsC05C08 - S07primarycompany filing2025-03-26dollar-based net retention of 110% at 31 January 2025backsC07
- S08primarycompany filing2024-03-27dollar-based net retention of 114% at 31 January 2024backsC07
- S09primarycompany filing2026-05-13the executive officers and their start dates, beneficial ownership and voting power, and what the bonus and the performance shares pay onbacksC32C33C34
- S10secondaryvendor data2026-10-06Research pack, frozen beside this thesiscontent/S/research-pack.jsonprice, market value, the price history and the 126-day move split into business and multiple, the analyst panel and its drift, the filed competitor cohort and its multiples, consensus revenue, short interest and the insider rosterbacksC14C15C16C35C36
- S11primarycompany filing2026-03-05the main rival's own description of the same one-sensor product, and its dollar-based net retention of 115% at the same date SentinelOne stopped printing its ownbacksC19
- S12primarycompany filing2026-09-10Palo Alto Networks FY2026 Form 10-K, year ended 31 July 2026 Palo Alto Networksa rival's Competition section naming the endpoint specialist CrowdStrike among the independent security vendors it competes withbacksC20
- S13primaryindustry data2026-10-06the price of the bundle a buyer weighs Singularity against, which no filing carries, and the price factor in the prize
Get Microsoft Defender endpoint protection capabilities as part of the Defender Suite, along with email and collaboration, identity, and SaaS protection for comprehensive threat protection. Microsoft Defender Suite $12.00 user/month, paid yearly
backsC18 - S14primarygovernment data2026-09-01All Employees, Total Nonfarm (PAYEMS), U.S. Bureau of Labor Statistics, via FRED U.S. Bureau of Labor Statisticsthe countable base for the prize, measured by the statistical agency rather than a security vendor
All Employees, Total Nonfarm; 2026-09-01; 159044.0; Thousands of Persons, Seasonally Adjusted
backsC23 - S15secondarynews2025-09-22Infosecurity Magazine, 'Major Cyber Threat Detection Vendors Pull Out of MITRE Evaluations Test' Infosecurity Magazinethat the one public head-to-head test of detection no longer contains SentinelOne, with MITRE's chief technology officer interviewed on why
After Microsoft announced it would not participate in MITRE Engenuity ATT&CK Evaluations: Enterprise 2025 in June, SentinelOne and Palo Alto Networks confirmed on September 12 they were also pulling out of the test for this year.
backsC21 - S16primaryindustry data2026-04-07the event the call calls the Mythos moment, from the model's maker, and its list of twelve launch partners, which names CrowdStrike, Microsoft and Palo Alto Networks and not SentinelOne
Mythos Preview has already found thousands of high-severity vulnerabilities, including some in every major operating system and web browser.
backsC27 - S17secondaryindustry data2026-07-06the outside rate for endpoint spending and the size of the securing-AI segment; Gartner's own newsroom answered 403, so this is a named reader of the forecast file rather than Gartner
Endpoint protection platforms hold the top category spot through 2028 at $27.3 billion. In 2029, the securing AI segment passes them, $31.2 billion versus $30.1 billion.
backsC25 - S18primarycompany filing2026-09-15which sales were under a Rule 10b5-1 plan and which were discretionary, and the one open-market purchase in the yearbacksC43
- S19secondarycompany release2026-10-01an analyst firm's placement, reported by the company; the assessment itself is behind IDC's paywall
today announced it has been named a Leader in the IDC MarketScape: Worldwide Modern Endpoint Security for Enterprises 2026 Vendor Assessment (#US54123526, September, 2026).
backsC22