UPDATE 1-SentinelOne raises annual revenue forecast on robust cybersecurity spending

Cybersecurity firm SentinelOne on Tuesday forecast third-quarter revenue above Wall Street estimates and raised its annual revenue outlook, as cybersecurity spending remains strong. Firms have prioritized expenditure on cybersecurity, as sticky inflation and high interest rates forced them to cut back on spending elsewhere. "We're seeing strong demand for our cloud security and data (leak) solutions which combined grew triple digits," CEO Tomer Weingarten said on an earnings call, adding that its mainstay Singularity Platform continued to attract customers.