Google-parent Alphabet (GOOGL) has restarted acquisition talks with fast growing, privately held cybersecurity firm Wiz, according to a report. Google stock dipped a fraction in extended trading on Monday amid the news.
Google has upped its offer to $30 billion for Wiz compared to $23 billion last year, said the Wall Street Journal. Wiz competes with Palo Alto Networks (PANW), Zscaler (ZS) and others.
Google and Palo Alto have had close cybersecurity ties and Palo Alto uses Google’s cloud computing platform.
Wiz had about $500 million in annual recurring revenue in 2024, analysts estimates.
On the stock market today, GOOGL stock dipped a fraction in extended trading. In Monday’s regular session, Google stock fell 0.7% to close at 164.29. Alphabet stock has retreated about 13% in 2025.
A Google-Wiz deal could face significant regulatory review. Further, Wiz has shelved plans for an initial public offering.
Google Stock: Mandiant Acquisition
In addition, Wiz has been a share taker in a fast growing cybersecurity market — Cloud Native Application Protection Platform (CNAPP) products and services.
In 2022, Google acquired cybersecurity firm Mandiant for $5.4 billion. Also, Mandiant is recognized worldwide for its prowess in detecting and responding to state sponsored computer hacking attacks. Mandiant is part of Google’s cloud computing business.
Meantime, Google’s Relative Strength Rating currently stands at 49 out of a best-possible 99, according to IBD Stock Checkup. The best stocks tend to have an RS rating of 80 or better. The relative strength line has tumbled.
GOOGL stock holds an Accumulation/Distribution Rating of C. That institutional ownership rating analyzes price and volume changes in a stock over the past 13 weeks of trading, on an A+ to E scale. Think of C as neutral.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
YOU MAY ALSO LIKE:
Learn The Best Stock Trading Rules From IBD’s Investor’s Corner
Want To Trade Options? Try Out These Strategies
Monitor IBD’s “Breaking Out Today” List For Companies Hitting New Buy Points
IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today
