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Investing.com - SentinelOne Inc (NYSE:S), a cybersecurity company with over $900 million in annual revenue and strong liquidity metrics according to InvestingPro, has received a $2 million award under the Continuous Diagnostics and Mitigation Program from the Cybersecurity and Infrastructure Security Agency (CISA), according to Citizens analyst research.
The award was granted on September 30, 2025, with ManTech serving as the prime system integrator and RavenTek listed as the distributor for the $2 million award to SentinelOne.
Citizens has reiterated its Market Outperform rating on SentinelOne stock with a price target of $29.00 following this development.
The period of performance for the contract could not be determined from available sources, according to the Citizens research note.
The research indicates this federal award represents a notable increase compared to SentinelOne’s previous federal business activity, which Citizens had previously tracked at less than $1.6 million for calendar year 2024.
In other recent news, SentinelOne has made significant strides in expanding its capabilities and leadership. The company has announced the acquisition of Prompt Security for approximately $180 million, utilizing a mix of cash and Class A common stock. Additionally, SentinelOne plans to acquire Observo AI, a data streaming platform, for around $225 million through a combination of cash and stock. This acquisition is expected to enhance SentinelOne’s data pipeline capabilities and complement its AI SIEM and data offerings, which have been among its fastest-growing solutions.
In leadership changes, Ana Pinczuk has been appointed as the president of product and technology, effective immediately, following the resignation of Ric Smith. In terms of analyst perspectives, JMP analyst Trevor Walsh has reiterated a Market Outperform rating on SentinelOne with a $29.00 price target after the acquisition announcement. Furthermore, SentinelOne has entered a strategic partnership with Schwarz Digits to develop a sovereign, AI-powered cybersecurity platform for European customers, ensuring compliance with regulations such as GDPR and NIS2. These recent developments highlight SentinelOne’s ongoing efforts to strengthen its product offerings and expand its market presence.
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