Analysts Expect Carbon Black Inc (CBLK) to Announce -$0.24 EPS

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Equities analysts predict that Carbon Black Inc (NASDAQ:CBLK) will report earnings per share of ($0.24) for the current quarter, according to Zacks. Four analysts have made estimates for Carbon Black’s earnings. The highest EPS estimate is ($0.24) and the lowest is ($0.25). The business is expected to issue its next earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Carbon Black will report full-year earnings of ($1.19) per share for the current financial year, with EPS estimates ranging from ($1.20) to ($1.18). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.69) per share, with EPS estimates ranging from ($0.74) to ($0.64). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Carbon Black.

Carbon Black (NASDAQ:CBLK) last posted its quarterly earnings data on Thursday, October 25th. The company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.05. The business had revenue of $53.42 million for the quarter, compared to analyst estimates of $52.65 million.

A number of equities analysts have recently commented on the stock. 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, November 15th. 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $26.83.

Large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in Carbon Black in the 3rd quarter valued at about $105,000. Partner Investment Management L.P. acquired a new stake in Carbon Black in the 2nd quarter valued at about $160,000. Peregrine Asset Advisers Inc. acquired a new stake in Carbon Black in the 2nd quarter valued at about $202,000. State of New Jersey Common Pension Fund D acquired a new stake in Carbon Black in the 2nd quarter valued at about $260,000. Finally, Quantum Capital Management acquired a new stake in Carbon Black in the 3rd quarter valued at about $291,000. Institutional investors and hedge funds own 25.97% of the company’s stock.

Shares of Carbon Black stock traded down $0.48 during trading hours on Friday, reaching $14.94. 596,665 shares of the company’s stock were exchanged, compared to its average volume of 627,081. Carbon Black has a fifty-two week low of $14.54 and a fifty-two week high of $35.00.

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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Earnings History and Estimates for Carbon Black (NASDAQ:CBLK)

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