Shares of Carbon Black Inc (NASDAQ:CBLK) have earned a consensus rating of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $27.00.
Several analysts have recently commented on CBLK shares. Susquehanna Bancshares started coverage on shares of Carbon Black in a research note on Friday, July 13th. They set a “neutral” rating and a $27.00 price target on the stock. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, July 31st. Finally, Morgan Stanley decreased their price target on shares of Carbon Black from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday.
A number of hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new position in Carbon Black in the third quarter valued at approximately $105,000. Partner Investment Management L.P. bought a new position in Carbon Black in the second quarter valued at approximately $160,000. Peregrine Asset Advisers Inc. bought a new position in Carbon Black in the second quarter valued at approximately $202,000. State of New Jersey Common Pension Fund D bought a new position in Carbon Black in the second quarter valued at approximately $260,000. Finally, Blackhawk Capital Partners LLC. bought a new position in Carbon Black in the second quarter valued at approximately $299,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ CBLK traded down $0.24 during mid-day trading on Friday, hitting $16.51. 4,078 shares of the stock were exchanged, compared to its average volume of 714,694. Carbon Black has a twelve month low of $15.45 and a twelve month high of $35.00.
Carbon Black (NASDAQ:CBLK) last released its quarterly earnings results on Thursday, October 25th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. The company had revenue of $53.42 million for the quarter, compared to the consensus estimate of $52.65 million. Equities analysts predict that Carbon Black will post -1.19 earnings per share for the current year.
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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