Mandiant (NASDAQ:MNDT) Updates Q4 2021 Earnings Guidance

Mandiant (NASDAQ:MNDT) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-0.130-$-0.120 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.060. The company issued revenue guidance of $129 million-$133 million, compared to the consensus revenue estimate of $129.57 million.

Shares of NASDAQ:MNDT traded up $0.33 during midday trading on Thursday, hitting $17.16. The company had a trading volume of 3,926,792 shares, compared to its average volume of 4,069,431. The firm has a market capitalization of $4.12 billion, a P/E ratio of -16.99 and a beta of 0.96. Mandiant has a 12 month low of $13.27 and a 12 month high of $25.53. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.93.

Mandiant (NASDAQ:MNDT) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.39. Mandiant had a negative return on equity of 9.97% and a negative net margin of 30.46%. The firm had revenue of $121.97 million for the quarter, compared to the consensus estimate of $120.78 million. During the same quarter last year, the business posted ($0.06) EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities research analysts expect that Mandiant will post -1.24 earnings per share for the current year.

MNDT has been the topic of several recent research reports. Zacks Investment Research raised Mandiant from a sell rating to a hold rating in a research note on Friday, November 19th. The Goldman Sachs Group started coverage on Mandiant in a report on Tuesday, October 19th. They issued a neutral rating for the company. Morgan Stanley started coverage on Mandiant in a report on Thursday, October 7th. They issued an equal weight rating and a $19.00 price objective for the company. Colliers Securities restated a buy rating on shares of Mandiant in a report on Friday, November 5th. Finally, Barclays decreased their price objective on Mandiant from $20.00 to $19.00 and set an underweight rating for the company in a report on Wednesday, October 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $19.00.

In other Mandiant news, COO John P. Watters purchased 10,000 shares of Mandiant stock in a transaction that occurred on Tuesday, November 23rd. The stock was acquired at an average price of $16.55 per share, for a total transaction of $165,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald E. F. Codd sold 40,000 shares of the stock in a transaction that occurred on Monday, November 8th. The stock was sold at an average price of $18.05, for a total value of $722,000.00. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

About Mandiant

Mandiant, Inc operates as an intelligence-led security company. The firm engages in intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber attacks. It operates through the following geographical segments: United States; EMEA; APAC; and Other.

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