This stock no longer trades (delisted September 12, 2022)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Stock

Mandiant

FEYE

Software - Infrastructure · Technology

Price

$17.27

-0.61 (-3.41%)

Exchange

NASDAQ Global Select

Winston Score

Historical score — this stock no longer trades, so the score is frozen at the last available data.

Data as of Oct 18, 2026 · filings through Jun 30, 2021

§How the score breaks down

Quality

Weak

6/30

Growth

Mixed

7/20

Cash Flow

Mixed

3/10

Stability

Mixed

3/10

Valuation

Data not available

0/10

Ownership

Not counted

n/a

Dividends

Not counted

n/a

19 of 80 counted points = Winston Score 24. Pillars marked n/a do not apply to this company and are left out of the total.

Share count rising — dilution

+40.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 163.2M (2016) → 229.2M (2020)

§Winston Score History

The full picture

Mandiant is a cybersecurity company that helps businesses and governments detect, investigate, and respond to cyberattacks. It is known for its threat intelligence and incident response services, often called in when major data breaches occur. Mandiant built its reputation by uncovering high-profile nation-state hacking campaigns.

The company earns revenue through a mix of subscription-based security products, consulting services, and threat intelligence feeds. It operates globally with a strong presence in the United States. Mandiant's deep expertise in real-world attack investigations gives it a unique competitive edge, as its threat data comes from frontline experience rather than just software analysis. Note that Google completed its acquisition of Mandiant in 2022, and the company now operates as part of Google Cloud, meaning FEYE no longer trades as an independent public stock.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-50.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-12.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$253M/ year

↓ Declining (-7% vs prior year)

26.9% of revenue

1.8x the sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Cash Position

Cash flow positive

$1.3B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Mandiant's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

44.2%

Healthy — 44.2% gross margin

Profit after running costs

Operating Margin

-74.2%

Losing money on operations — -74.2%

Return on the money invested

ROCE

-8.1%

Weak — -8.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-7.6%

Shrinking sales (-7.6% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

15.0%

Converts sales into free cash efficiently (15.0%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

1.00

Moderate — manageable debt (1.00)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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