Carbon Black (CBLK) Announces Quarterly Earnings Results

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Carbon Black (NASDAQ:CBLK) posted its earnings results on Thursday, October 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.05, Fidelity Earnings reports. The business had revenue of $53.42 million during the quarter, compared to analyst estimates of $52.65 million.

Shares of Carbon Black stock opened at $17.64 on Friday. Carbon Black has a 1-year low of $15.20 and a 1-year high of $35.00.

An institutional investor recently bought a new position in Carbon Black stock. Bank of New York Mellon Corp acquired a new position in Carbon Black Inc (NASDAQ:CBLK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,619 shares of the company’s stock, valued at approximately $1,628,000. Bank of New York Mellon Corp owned about 0.09% of Carbon Black at the end of the most recent quarter. Institutional investors and hedge funds own 24.36% of the company’s stock.

A number of brokerages have recently weighed in on CBLK. Zacks Investment Research upgraded shares of Carbon Black from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday. Morgan Stanley reduced their price objective on shares of Carbon Black from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, October 29th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $26.83.

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Carbon Black Company Profile

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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