Cybersecurity resilience meets demanding AI-driven valuations

CrowdStrike, Okta and SailPoint show resilient security demand, but elevated valuations leave little room for execution misses. SailPoint’s $1.2 billion ARR contrasts with weaker cash generation, while SentinelOne’s Bernstein downgrade to Market Perform at a $25 target and Fortinet’s valuation-sensitive target revision add fresh investor caution.