crudeoil24
2 years ago
Mandiant, Inc., formerly FireEye, Inc., is a provider of dynamic cyber defense and response solutions. The Company offers security controls-agnostic solutions through the Mandiant Advantage software as a service (SaaS) cloud-based platform. The Company offers products, including Threat Detection and Prevention Solutions, Security Validation and Security Operations Management Solutions, Threat Intelligence Solutions, On-Demand and Managed Service-as-a-Service Solutions and Professional Services. The Company’s platform combines machine, adversary breach intelligence, and operational cyber threat intelligence. It helps security teams to understand and protect against the relevant threats facing their organizations. It also helps organizations develop cyber security programs to defend against and respond to cyber threats.
MNDT
crudeoil24
2 years ago
Microsoft Is In Talks To Acquire This Cybersecurity Company
7:28 am ET February 9, 2022 (Benzinga) Print
Microsoft Corp (NASDAQ: MSFT) is in talks to acquire cybersecurity research and incident response company Mandiant Inc (NASDAQ: MNDT), Bloomberg reports.
The deal would bolster efforts to protect customers from hacks and breaches. The potential deal would give Microsoft even deeper insight into powerful hacks.
Mandiant became a standalone entity again in 2021 when FireEye Inc sold its products business and the FireEye name, Reuters reports.
Microsoft bought two smaller cybersecurity companies in 2021 and looks to spend $20 billion on cybersecurity over the next five years.
In 2021, Microsoft named former Amazon.com Inc (NASDAQ: AMZN) cloud executive Charlie Bell to oversee its security efforts and had 3,500 employees working to safeguard customers “from the chip to the cloud.”
Mandiant reported fourth-quarter FY21 sales of $133 million, up 21% year-on-year, above the consensus of $131.5 million. Adjusted EPS loss of $(0.10) beat the consensus loss of $(0.13).
Mandiant sees Q1 sales of $128 million - $131 million below the consensus of $134.4 million. It sees adjusted EPS loss of $(0.15) - $(0.13) above the consensus loss of $(0.10).
Mandiant sees FY22 sales of $555 million - $565 million below the consensus of $574 million. Its sees adjusted EPS loss of $(0.38) - $(0.36) above the consensus loss of $(0.32).
Price Action: MNDT shares traded higher by 0.23% at $17.79 in the premarket session on the last check Wednesday.
crudeoil24
2 years ago
Mandiant Stock Rises on Report of Microsoft Interest, Better-Than-Expected Results -- Barrons.com
4:22 am ET February 9, 2022 (Dow Jones) Print
By Joe Woelfel
Shares of Mandiant were rising in premarket trading Wednesday after a report said Microsoft was in talks to acquire the cybersecurity software and services company, and Mandiant posted a fourth-quarter adjusted loss that was narrower than expectations.
Mandiant (MNDT) was rising 3.9% to $18.44. The stock spiked 18% on Tuesday after Bloomberg, citing people familiar with the discussions, reported that Microsoft (MSFT) was in talks to acquire Mandiant. The deliberations may not result in an offer, the people said. Mandiant and Microsoft declined to comment for Bloomberg.
Barron's sent email inquiries to both companies off-hours but has yet to receive a reply.
Mandiant was split off from FireEye last year in a deal with a consortium led by Symphony Technology Group for $1.2 billion. Mandiant was acquired by FireEye in 2013 for about $1 billion.
Mandiant was in the news recently after News Corp hired the company to support an investigation of a hack that accessed emails and documents of some employees, including journalists. News Corp owns Dow Jones, the parent of Barron's.
Mandiant reported a fourth-quarter adjusted loss of 10 cents a share, narrower than Wall Street forecasts that called for a loss of 13 cents a share. Revenue in the fourth quarter was $132.9 million, higher than $110.3 million a year earlier and above analysts' estimates of $131.5 million.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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trendzone
2 years ago
