Mandiant (NASDAQ: MNDT) has enjoyed a 17% share price bounce after a Bloomberg report suggested Microsoft (NASDAQ: MSFT) indicated it might be thinking about buying the company.
Meanwhile, Mandiant revealed a new partnership with cyber firm SentinelOne (NYSE: S) to use its Singularity XDR platform as part of Mandiant’s incident response services.
What is Mandiant?
Mandiant is a publicly-traded American cybersecurity firm. It rose to prominence in February 2013 when it released a report directly implicating China in cyber espionage. On 30 December 2013, FireEye acquired Mandiant in a stock and cash deal worth more than $1bn.
In 2021 FireEye sold off Mandiant, and it went solo again. The buyer was the private equity firm Symphony Technology Group.
On 8 February, Mandiant reported its Q4 earnings beating analyst estimates on revenue and earnings. Trading volume for Mandiant was 3x higher that day than the prior 30-day average.
Q4 Highlights
EPS: ($0.10)
Revenue: $133m
Market Cap: $4bn
Q1 Guidance
Guidance comes below analyst expectations for Q1, 2022.
EPS: ($0.13) to ($0.15)
Revenue: $128m to $131m
FY 2022 Guidance
Guidance comes below analyst expectations for full-year 2022.
EPS: ($0.36) to ($0.38)
Revenue: $555m to $565m
MNDT Stock: $20 Price Target from Piper Sandler
Rob D. Owens, a senior research analyst at Piper Sandler & Co, reiterated his November price target of $20 on 9 February, maintaining a Hold rating on MNDT stock.
Who are Mandiant competitors?
Mandiant rivals and comparable companies include:
Cisco Systems (NASDAQ: CSCO)
IBM (NYSE: IBM)
Palo Alto Networks (NASDAQ: PANW)
Fortinet Inc (NASDAQ: FTNT)
CrowdStrike Holdings (NASDAQ: CRWD)