Carbon Black (NASDAQ:CBLK) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.12-0.10) for the period, compared to the Thomson Reuters consensus estimate of ($0.13). The company issued revenue guidance of $61.3-62.3 million, compared to the consensus revenue estimate of $61.24 million.Carbon Black also updated its FY 2019 guidance to $-0.61–0.58 EPS.
Several research firms have recently weighed in on CBLK. Zacks Investment Research lowered shares of Carbon Black from a buy rating to a hold rating in a report on Tuesday, June 4th. KeyCorp raised their price objective on shares of Carbon Black from $21.00 to $23.00 and gave the stock an overweight rating in a report on Friday. Cowen began coverage on shares of Carbon Black in a report on Thursday, May 23rd. They set a market perform rating and a $18.00 price objective for the company. Finally, ValuEngine raised shares of Carbon Black from a hold rating to a buy rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Carbon Black has an average rating of Buy and an average price target of $18.54.
Shares of Carbon Black stock traded up $1.06 during midday trading on Friday, reaching $19.31. The company had a trading volume of 1,739,761 shares, compared to its average volume of 737,460. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.31 billion, a P/E ratio of -13.79 and a beta of 1.28. The company’s fifty day moving average is $17.62. Carbon Black has a 1-year low of $11.80 and a 1-year high of $27.27.
Carbon Black (NASDAQ:CBLK) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The business had revenue of $60.86 million during the quarter, compared to analyst estimates of $59.50 million. Carbon Black had a negative net margin of 30.69% and a negative return on equity of 37.37%. Carbon Black’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.35) earnings per share. Equities research analysts expect that Carbon Black will post -0.89 earnings per share for the current year.
In related news, CEO Patrick Morley sold 277,830 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $19.00, for a total value of $5,278,770.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Viscuso sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.47, for a total transaction of $923,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 552,960 shares of company stock valued at $10,378,490. 21.60% of the stock is currently owned by company insiders.
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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