2026-02-25 CONVICTION_REPORT

Conviction Report: SentinelOne (S)

Cyber Debt Refinancing

Executive Summary

Cybersecurity is no longer discretionary spending; it is a utility. SentinelOne is outperforming CrowdStrike on a relative basis due to its AI-native architecture.

The Debt Wall

Concern about 2026 maturities is overblown. Free Cash Flow is turning positive.

Verdict: BUY

A prime acquisition target for legacy tech.

GENERATED BY ADAM v24.0 // SYSTEM 2