Wall Street brokerages forecast that Carbon Black Inc (NASDAQ:CBLK) will post $55.59 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Carbon Black’s earnings, with the highest sales estimate coming in at $55.70 million and the lowest estimate coming in at $55.46 million. The business is expected to announce its next quarterly earnings results on Thursday, January 24th.
On average, analysts expect that Carbon Black will report full-year sales of $208.45 million for the current financial year, with estimates ranging from $208.30 million to $208.60 million. For the next financial year, analysts anticipate that the business will report sales of $256.01 million, with estimates ranging from $251.69 million to $262.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Carbon Black.
Carbon Black (NASDAQ:CBLK) last issued its quarterly earnings data on Thursday, October 25th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.05. The firm had revenue of $53.42 million for the quarter, compared to analyst estimates of $52.65 million.
A number of brokerages have recently commented on CBLK. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, October 31st. Morgan Stanley decreased their target price on Carbon Black from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, October 29th. Finally, Susquehanna Bancshares began coverage on Carbon Black in a research report on Friday, July 13th. They set a “neutral” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Carbon Black currently has a consensus rating of “Buy” and a consensus price target of $27.00.
Large investors have recently made changes to their positions in the company. Moody Lynn & Lieberson LLC purchased a new position in shares of Carbon Black during the 2nd quarter valued at approximately $3,346,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Carbon Black during the 2nd quarter valued at approximately $1,155,000. Sei Investments Co. purchased a new position in shares of Carbon Black during the 2nd quarter valued at approximately $838,000. Intel Corp purchased a new position in shares of Carbon Black during the 2nd quarter valued at approximately $16,442,000. Finally, Laurion Capital Management LP purchased a new position in shares of Carbon Black during the 2nd quarter valued at approximately $4,550,000. Hedge funds and other institutional investors own 24.48% of the company’s stock.
Shares of NASDAQ CBLK opened at $15.70 on Friday. Carbon Black has a 12 month low of $15.42 and a 12 month high of $35.00.
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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