Stock Groups

Mandiant stock spikes 16% on Google acquisition report


A smartphone’s screen will display the Google logo.

Kirill Kudryavtsev – AFP | AFP | Getty Images

Cybersecurity firm shares MandiantClosed up 16% Monday After The Information reported GoogleThe company is open to being acquired.

Mandiant has a market capitalization of $5.25billion. It was once under FireEye before it was sold. FireEye has been credited with helping Microsoft discover the SolarWinds hackLast year, they attacked the government’s systems.

Information reported that Google would like to acquire Mandiant, in order to increase its cloud security to compete with Microsoft Azure. According to the report, bids were due by February 31st.

Bloomberg stated in February that Microsoft was also in talks to purchase Mandiant.

Cybersecurity stocksStocks have been resilient at times in today’s market, as many stocks experience a selloff due to Russia’s invasion Ukraine.