SentinelOne moves up as Calcalist discusses ‘industry reports’ of takeover talks

Shares of SentinelOne (S) are up $2.22, or 12%, to $20.23, with traders pointing to an article in the Hebrew-language Calcalist as the source for the strength. The publication indicates that “industry reports” say the Israeli cybersecurity company is in advanced negotiations to be sold to Palo Alto Networks (PANW). SentinelOne “is currently trading at a value of $6.5 billion, which is a convenient entry point for a potential buyer,” a translation of the report added.