Alphabet Announces $5.4 Billion Cybersecurity Firm Buyout

GOOGL sports a more than 25% year-over-year lead

Digital Content Manager
Mar 8, 2022 at 10:33 AM
facebook twitter linkedin


Google parent Alphabet Inc Class (NASDAQ: GOOGL) today announced it will buy cybersecurity concern Mandiant (MNDT) for $5.4 billion, or $23 per share, in an all-cash deal. The acquisition is expected to reinforce Google's cloud computing business, security operations, and advisory services. In addition, it will give Alphabet a competitive edge against Microsoft (MSFT) and Amazon.com (AMZN), which are also looking to up security for their cloud services. 

At last check, GOOGL was up 0.7% to trade at $2,545.98. The equity has seen its fair share of volatility over the last few months, surging to a Feb. 2 record high of $3,030.93 before pulling back to a familiar floor at the $2,500 area. Meanwhile, long-term support at the ascending 320-day moving average is nearing that floor, and GOOGL sports a 25.2% year-over-year lead. 

There is still plenty of pessimism to unwind in the options pits. This is per the security's Schaeffer's put/call open interest ratio (SOIR) of 1.06, which sits in the 76th percentile of readings from the past year. In other words, short-terms traders have rarely been more put-biased.

 

 

 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 

300x250 - Banner 3 - v1