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REINHARDT KRAUSE

Google Cloud Computing Event To Showcase Cybersecurity Firm Mandiant

Google parent Alphabet will showcase the capabilities of recently acquired cybersecurity firm Mandiant at its annual cloud computing customer conference next week, one analyst says. The event could give GOOGL stock a boost.

Google closed the all-cash $5.4 billion acquisition of Mandiant on Sept. 12. The internet giant will host Google Cloud Next 2022 from Oct. 11 to Oct. 13.

"This will be the first Google Cloud Next with Mandiant under the Google Cloud umbrella," Brian White, an analyst at Monness, Crespi, Hardt & Co., said in a report.

Mandiant provides threat assessment, incident response and cybersecurity testing services. In addition, Mandiant has close ties with the U.S. national security community.

Mandiant Chief Executive Kevin Mandia likely will take part in the Google cloud computing event.

Google Stock: Artificial Intelligence Synergies

Google will provide artificial intelligence tools to beef up Mandiant's services. In a blog post on Sept. 12, Mandia said Google will provide better automated security tools amid a shortage of cybersecurity workers.

"We are building a 'security brain' that scales our team to address the expertise shortage," he said.

In 2019, Google moved its Chronicle-branded, threat-detection cybersecurity business to the cloud computing unit.

Google has stepped up its cybersecurity marketing. On Monday, Google released a documentary on state-sponsored hacking on YouTube.

Under Thomas Kurian, Google is playing catch-up in cloud computing, where Amazon Web Services is the leader. AWS is a unit of Amazon.com.

Meanwhile, GOOGL stock has retreated 34% in 2022 amid the bear market. Google's Relative Strength Rating is only 30 out of a best possible 99, according to IBD Stock Checkup. The best stocks tend to have an RS rating of 80 or better.

Also, Google stock owns an Accumulation/Distribution Rating of E. That rating analyzes price and volume changes in a stock over the prior 13 weeks of trading.

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.

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