Carbon Black (CBLK) Issues FY18 Earnings Guidance

Carbon Black (NASDAQ:CBLK) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of ($1.32-1.35) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.38). The company issued revenue guidance of $203.0-204.5 million, compared to the consensus revenue estimate of $202.01 million.Carbon Black also updated its Q2 guidance to ($0.41-0.42) EPS.

Shares of Carbon Black traded down $0.69, hitting $26.31, during mid-day trading on Thursday, according to MarketBeat.com. 654,511 shares of the company traded hands, compared to its average volume of 496,974. Carbon Black has a 1 year low of $22.56 and a 1 year high of $27.74.

CBLK has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on Carbon Black in a report on Tuesday, May 29th. They set an overweight rating and a $39.00 target price for the company. William Blair initiated coverage on Carbon Black in a report on Tuesday, May 29th. They set an outperform rating for the company. KeyCorp initiated coverage on Carbon Black in a report on Tuesday, May 29th. They set an overweight rating and a $29.00 target price for the company. Morgan Stanley initiated coverage on Carbon Black in a report on Tuesday, May 29th. They set an equal weight rating and a $23.00 target price for the company. Finally, Cowen initiated coverage on Carbon Black in a report on Tuesday, May 29th. They set an outperform rating and a $29.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Carbon Black presently has a consensus rating of Buy and a consensus price target of $30.00.

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.

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

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