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SentinelOne Stock Dips Amid Shifting Acquisition Speculation
SentinelOne Stock Dips Amid Shifting Acquisition Speculation
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BTCCSquare news:
SentinelOne shares fell 4.4% Tuesday as acquisition rumors shifted focus. Earlier reports suggested Palo Alto Networks WOULD acquire the cybersecurity firm, but new indications point to CyberArk Software as the likely target. Both companies are based in Israel, fueling speculation that initial reports may have conflated the two potential deals.
The stock had plunged as much as 6.7% intraday before paring losses. Despite the decline, SentinelOne remains significantly above pre-rumor levels. Market observers note that a CyberArk acquisition doesn't completely eliminate SentinelOne's buyout potential, but could delay near-term M&A activity in the sector.
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