Hi, only my second post but hopefully it will be helpful to all!
I gave a bit of my work history on my last post but the short description is I was in technology 30+ years with the last 10 in Infosec but have been out of the game for the last 2 years. That’s a lifetime in Infosec as things change quickly. So, I won’t dive into the technical details between Crowdstrike and SentinelOne.
I believe I heard on the Crowdstrike call that they consider them selves to be the premium product and the Sentinel One is at the lower end. I’m paraphrasing here.
So I’m wondering if were starting to see some pricing pressure on Crowdstrike compared to other vendors? It may be something to keep an eye on.
So you may be thinking why wouldn’t a company just pick the best vendor because all this data that could be exposed if they were hacked. Well, the dirty little secret is not all companies value the protection of their/your data the same way.
Just think of all the health care companies that are getting ransomware attacks. The health care vendors I have reviewed are not spending top dollar on protecting that data because healthcare customers don’t make Healthcare choices based on Information security. On the flip side I worked at an Investment Bank and they had a belt and suspenders approach. They tracked everything on their networks and went with the best of the best no matter the cost.
I’m sure Crowdstrike is going to get their share of the companies that have the budget, but for the companies that want to check the box and say we meet the Infosec regulations (a very low bar) maybe they use a less expensive Security vendor.
Crowdstrike is my second largest position and I won’t own any Sentinel One shares as they are too expensive.
I may look for opportunities to lower my stake in Crowdstrike.