Carbon Black Inc (CBLK) Receives Average Rating of “Buy” from Brokerages

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Shares of Carbon Black Inc (NASDAQ:CBLK) have received a consensus rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.60.

Several research firms have recently commented on CBLK. Morgan Stanley lifted their price objective on shares of Carbon Black from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, June 8th. Susquehanna Bancshares began coverage on shares of Carbon Black in a research note on Friday, July 13th. They set a “neutral” rating and a $27.00 price objective for the company. Zacks Investment Research downgraded shares of Carbon Black from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Raymond James began coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They set an “outperform” rating for the company. Finally, Cowen began coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They set an “outperform” rating and a $29.00 price objective for the company.

NASDAQ:CBLK opened at $24.90 on Thursday. Carbon Black has a 12 month low of $19.76 and a 12 month high of $35.00.

Carbon Black (NASDAQ:CBLK) last posted its quarterly earnings data on Tuesday, August 7th. The company reported ($0.35) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. The company had revenue of $50.99 million for the quarter, compared to analyst estimates of $48.85 million. equities research analysts forecast that Carbon Black will post -1.26 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in Carbon Black during the second quarter valued at $1,628,000. Partner Fund Management L.P. acquired a new position in Carbon Black during the second quarter valued at $6,093,000. Partner Investment Management L.P. acquired a new position in Carbon Black during the second quarter valued at $160,000. Marshall Wace LLP acquired a new position in Carbon Black during the second quarter valued at $1,300,000. Finally, Arrowgrass Capital Partners US LP acquired a new position in Carbon Black during the second quarter valued at $1,300,000. Institutional investors own 24.45% of the company’s stock.

About Carbon Black

Carbon Black, Inc provides security solutions in the United States and internationally. Its security cloud platform captures, records, and analyzes unfiltered endpoint data. The company's solutions enable customers to predict, prevent, detect, respond to and remediate cyber attacks before they cause a damaging incident or data breach.

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Analyst Recommendations for Carbon Black (NASDAQ:CBLK)

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