Mandiant (NASDAQ:MNDT) stock is on the rise Wednesday as rumors spread that a major company is interested in acquiring it.
The first rumor says that Microsoft (NASDAQ:MSFT) is looking to buy Mandiant. This rumor comes from unnamed sources that claim talks are underway. However, they also warn that a deal may not result from these discussions.
Then we have to talk about a recent strategic partnership with SentinelOne (NYSE:S). This is a challenger to Microsoft in the cybersecurity realm and the fact it’s working with Mandiant has some wondering if it won’t steal the company out from under MSFT.
Investors can speculate all they want, but what does Mandiant have to say about all of this? Not much. The cybersecurity company is refusing to comment on the acquisition rumors. Microsoft is also remaining tight-lipped about any possible deal, Barron’s notes.
There’s also other news about MNDT stock that investors will want to know about today. The company released Q4 earnings after-hours yesterday. This saw its adjusted losses per share of 10 cents beat out Wall Street’s estimate of -13 cents. Its revenue of $132.89 million was also above analysts’ estimate of $131.5 million.
MNDT stock is also seeing a decent amount of trading this morning on the acquisition rumors and earnings news. As of this writing, nearly 2 million shares of the company’s stock have changed hands. That’s quickly approaching its daily average trading volume of 3.6 million shares.
MNDT stock is up 2.9% as of Wednesday morning.
Investors seeking out the latest stock market news for today are in the right place!
InvestorPlace has all the most recent stock coverage that traders need to know about for Wednesday! That includes the biggest pre-market stock movers for this morning, Congress discussing crypto regulations, and more. You can get up to speed on all of that news by checking out the following links!
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.