Mandiant, Inc.

NasdaqGS:MNDT Stock Report

Market Cap: US$5.4b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Mandiant Management

Management criteria checks 3/4

Key information

Kevin Mandia

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage5.66%
CEO tenure6.3yrs
CEO ownership1.5%
Management average tenure2.1yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

Seeking Alpha • Sep 09

Mandiant jumps on Nasdaq notice of last trading day with Google deal

Mandiant (MNDT) ticked up 0.6% after a Nasdaq notice indicated Friday would be the last trading day as the company completes its sale to Google (NASDAQ:GOOGL). In July the U.S. Dept. of Justice grated earlier termination of the waiting period in connection with Google's (GOOGL) $5.4 billion planned acquisition of the cybersecurity firm. Google (GOOGL) agreed to buy cybersecurity firm Mandiant Inc. (NASDAQ:MNDT) for $23/share in March.
Seeking Alpha • Aug 02

Mandiant Non-GAAP EPS of -$0.13 misses by $0.03, revenue of $137.92M beats by $6.45M

Mandiant press release (NASDAQ:MNDT): Q2 Non-GAAP EPS of -$0.13 misses by $0.03. Revenue of $137.92M (+21.1% Y/Y) beats by $6.45M. Given the announcement made on March 8, 2022, regarding the company’s entry into a definitive agreement to be acquired by Google LLC, Mandiant will not be providing financial guidance for the third quarter of 2022 or updated financial guidance for the full-year 2022. The company’s previously issued full-year 2022 financial guidance should no longer be relied upon. Due to the pending transaction with Google LLC, the company will not host a conference call in conjunction with this release.
Seeking Alpha • Jul 18

Mandiant gains after getting DOJ antitrust approval for Google deal

Mandiant (NASDAQ:MNDT) gained 2.3% in after hours trading after the U.S. Dept. of Justice grated earlier termination of the waiting period in connection with Google's (NASDAQ:GOOGL)  $5.4 billion planned acquisition of the cybersecurity firm. On Friday, the DOJ granted early termination of the waiting period under the HSR Act with respect to the transaction, according to an 8-K filing. Mandiant (MNDT) and Google (GOOGL) continue to expect the closing of the deal to occur by the end of the year. The antitrust approval comes after Google (GOOGL) and Mandiant (MNDT) received a request for additional information from the DOJ in May. Dealreporter said in May that Google (GOOGL) doesn't believe that it will have to notify China or gain approval from the country's antitrust regulator at least partly due to Mandiant's (MNDT). Google (GOOGL) agreed to buy cybersecurity firm Mandiant Inc. (MNDT) for $23/share in March. Google was competing with Microsoft (MSFT) for the cybersecurity firm, though it reportedly walked away from the deal.
Seeking Alpha • Mar 14

Merger Arbitrage Mondays: Google Acquires Cybersecurity Firm Mandiant

Two out of the three new deals announced last week were potential deals in the works. Google is paying $5.4 billion to acquire Mandiant. Four SPAC Business Combinations terminated last week.
Seeking Alpha • Feb 22

Is Mandiant Stock A Buy Or Sell At Its Current Valuation?

Mandiant is a company with an attractive industry focus and compelling growth in recent quarters. Mandiant is far from profitable, however. Near-term profitability is far from certain. With Mandiant's shares spiking due to takeover speculation, I do not believe that it's a great time to enter a position here.
Seeking Alpha • Jan 28

Mandiant: Billions In Cash And Recurrent Revenue Justify A Higher Valuation

Mandiant, Inc. offers intelligence-based cybersecurity solutions, including threat intelligence, security validation, and automated alert investigation included in the Mandiant Advantage platform. The company also has a significant amount of cash to finance new marketing activities to attract new customers. It is very relevant to note that the company’s recurring revenue continues to grow at a CAGR of 24%. If the company signs new M&A agreements, hires new sales engineers, and develops new solutions, revenue growth will most likely trend north. If we use a WACC of 5.5%, the sum of the FCFs stands at $2.3 billion. I also used an EBITDA multiple of 25x, which would imply an IRR close to 20%-21.5%.
Seeking Alpha • Aug 25

FireEye: Cheaply Valued Cybersecurity Stock

FireEye is divesting its hardware business. The ongoing business isn't so attractive, at least on the surface. But there's more here than meets the eye. FireEye is the only cybersecurity stock that hasn't rallied in the past three months. At 8x forward sales, together with a 10% share buyback program, this stock is worthwhile considering.
Seeking Alpha • Jun 29

FireEye: Solid Company, Wrong Price

FireEye recently sold its product and service business to focus on the fast-growing Mandiant product line. According to my analysis, I think the company has much of its upside already priced in and is currently not a buy based on fundamentals. However, the current industry headwinds and positive sentiments could push the stock price to higher levels in the short term.

CEO Compensation Analysis

How has Kevin Mandia's remuneration changed compared to Mandiant's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2022n/an/a

-US$428m

Mar 31 2022n/an/a

-US$436m

Dec 31 2021US$8mUS$440k

-US$431m

Sep 30 2021n/an/a

-US$386m

Jun 30 2021n/an/a

-US$362m

Mar 31 2021n/an/a

-US$348m

Dec 31 2020US$7mUS$440k

-US$355m

Sep 30 2020n/an/a

-US$319m

Jun 30 2020n/an/a

-US$303m

Mar 31 2020n/an/a

-US$280m

Dec 31 2019US$8mUS$425k

-US$363m

Sep 30 2019n/an/a

-US$257m

Jun 30 2019n/an/a

-US$241m

Mar 31 2019n/an/a

-US$247m

Dec 31 2018US$7mUS$419k

-US$243m

Sep 30 2018n/an/a

-US$265m

Jun 30 2018n/an/a

-US$284m

Mar 31 2018n/an/a

-US$280m

Dec 31 2017US$7mUS$350k

-US$285m

Sep 30 2017n/an/a

-US$276m

Jun 30 2017n/an/a

-US$330m

Mar 31 2017n/an/a

-US$401m

Dec 31 2016US$8mUS$344k

-US$485m

Sep 30 2016n/an/a

-US$555m

Jun 30 2016n/an/a

-US$567m

Mar 31 2016n/an/a

-US$561m

Dec 31 2015US$10mUS$325k

-US$539m

Compensation vs Market: Kevin's total compensation ($USD7.78M) is about average for companies of similar size in the US market ($USD8.35M).

Compensation vs Earnings: Kevin's compensation has increased whilst the company is unprofitable.

CEO

Kevin Mandia (51 yo)

6.3yrs
Tenure
US$7,780,218
Compensation

Mr. Kevin R. Mandia serves as Director of Strivacity, Inc. since September 2022. He serves as Member of Security Advisory Council and Director at Cohesity, Inc. since September 2022. He serves as Strategic...

Leadership Team

NamePositionTenureCompensationOwnership
Kevin Mandia
CEO & Director6.3yrsUS$7.78m1.52%
$ 81.9m
John Watters
President & COO1.4yrsUS$16.13m0.12%
$ 6.3m
Frank Verdecanna
Executive VP & CFO5.6yrsUS$4.11m0.18%
$ 9.6m
William Robbins
Executive VP & Chief Revenue Officer2.6yrsUS$4.29m0.042%
$ 2.3m
Peter Bailey
Executive Vice President of Mandiant Solutions1.7yrsUS$4.08m0.013%
$ 684.4k
James Medina
Senior VP of Finance5.6yrsno data0.051%
$ 2.8m
Marshall Heilman
Executive VP & CTO1yrno datano data
Dave Baumgartner
Executive VP1.7yrsno datano data
Kate Patterson
Vice President of Investor Relations9.4yrsno datano data
Richard Meamber
Senior VP of Legalless than a yearno datano data
Vikram Ramesh
Executive VP & Chief Marketing Officer1.1yrsno datano data
Barbara Massa
Executive VP & Chief of Business Operations2.7yrsno datano data
2.1yrs
Average Tenure
51yo
Average Age

Experienced Management: MNDT's management team is considered experienced (2.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kevin Mandia
CEO & Director6.6yrsUS$7.78m1.52%
$ 81.9m
Robert Switz
Independent Director5yrsUS$209.50k0.0078%
$ 421.5k
Arthur Coviello
Independent Director1.8yrsUS$150.00k0.010%
$ 558.1k
Enrique Salem
Independent Chairman of the Board9.6yrsUS$254.99k0.12%
$ 6.7m
Kimberly Alexy
Independent Director7.7yrsUS$222.48k0.030%
$ 1.6m
Viral Patel
Independent Director1.8yrsno datano data
Adrian McDermott
Independent Director3.6yrsUS$256.23k0.013%
$ 700.6k
Sara Andrews
Independent Director2.1yrsUS$155.61k0.013%
$ 686.0k
4.3yrs
Average Tenure
56yo
Average Age

Experienced Board: MNDT's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/09/12 03:46
End of Day Share Price 2022/09/09 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mandiant, Inc. is covered by 33 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jamie SheltonArete Research Services LLP
Jonathan RuykhaverBaird
Raimo LenschowBarclays