Carbon Black (NASDAQ:CBLK) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.18)-($0.16) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.17). The company issued revenue guidance of $59.0-60.0 million, compared to the consensus revenue estimate of $58.41 million.Carbon Black also updated its FY19 guidance to ($0.63)-($0.60) EPS.
Several brokerages recently commented on CBLK. ValuEngine cut Carbon Black from a buy rating to a hold rating in a research report on Wednesday. Robert W. Baird began coverage on Carbon Black in a research report on Wednesday, April 3rd. They issued an outperform rating and a $20.00 target price for the company. Zacks Investment Research cut Carbon Black from a buy rating to a hold rating in a research report on Tuesday, March 12th. KeyCorp reduced their target price on Carbon Black from $25.00 to $21.00 and set an overweight rating for the company in a research report on Thursday, February 21st. Finally, JPMorgan Chase & Co. cut Carbon Black from an overweight rating to a neutral rating and reduced their target price for the stock from $30.00 to $15.00 in a research report on Thursday, February 21st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $20.47.
Shares of NASDAQ CBLK traded up $0.09 during midday trading on Thursday, reaching $13.66. 1,443,644 shares of the company traded hands, compared to its average volume of 1,074,175. The stock has a market cap of $976.59 million and a PE ratio of -9.76. Carbon Black has a 12 month low of $11.80 and a 12 month high of $35.00.
Carbon Black (NASDAQ:CBLK) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.22). The company had revenue of $58.60 million during the quarter, compared to analysts’ expectations of $57.10 million. Carbon Black had a negative return on equity of 101.09% and a negative net margin of 39.13%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the business earned ($0.98) earnings per share. Equities analysts forecast that Carbon Black will post -0.91 EPS for the current year.
In other Carbon Black news, insider Michael Viscuso sold 50,000 shares of Carbon Black stock in a transaction on Monday, March 11th. The stock was sold at an average price of $14.43, for a total transaction of $721,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 150,000 shares of company stock valued at $2,178,000.
An institutional investor recently raised its position in Carbon Black stock. Geode Capital Management LLC raised its stake in shares of Carbon Black Inc (NASDAQ:CBLK) by 78.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,041 shares of the company’s stock after acquiring an additional 108,697 shares during the quarter. Geode Capital Management LLC owned approximately 0.37% of Carbon Black worth $3,328,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 61.77% of the company’s stock.
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Carbon Black Company Profile
Carbon Black, Inc provides security solutions in the United States and internationally. Its solutions enable customers to predict, prevent, detect, respond to, and remediate cyber-attacks before they cause a damaging incident or data breach. The company offers CB Predictive Security Cloud, a big data and analytics platform, which provides endpoint data collection, streaming analytics, collective intelligence, and open application program interfaces, as well as a set of security services.
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