SentinelOne , a cybersecurity company that went public in 2021 and has yet to see its stock price exceed highs from that year, is not for sale, Tomer Weingarten, its co-founder and CEO, told CNBC in an interview Thursday.
Bloomberg reported security startup Wiz was considering an acquisition of SentinelOne, pointing to comments from a Wiz spokesperson.
SentinelOne shares rose more than 10% in extended trading Thursday after the company reported stronger-than-expected fiscal second-quarter results.
The best way to do that is to remain a publicly traded independent company, Weingarten said.
Excluding the after-hours move, SentinelOne shares have risen about 14% so far this year, trailing the First Trust Nasdaq Cybersecurity ETF, which is up about 22% during the same period.
Persons:
Tomer Weingarten, Weingarten, SentinelOne
Organizations:
CNBC, Bloomberg, Revenue, CrowdStrike, VMware, Microsoft, Incumbents, Wiz, Trust Nasdaq