Carbon Black (CBLK) Set to Announce Earnings on Thursday

Carbon Black (NASDAQ:CBLK) will be releasing its earnings data after the market closes on Thursday, October 25th. Analysts expect Carbon Black to post earnings of ($0.25) per share for the quarter. Carbon Black has set its Q3 guidance at ($0.26)-(0.25) EPS and its FY18 guidance at ($1.28)-($1.26) EPS.

Carbon Black (NASDAQ:CBLK) last posted its quarterly earnings data on Tuesday, August 7th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.06. The business had revenue of $50.99 million during the quarter, compared to analyst estimates of $48.85 million. On average, analysts expect Carbon Black to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NASDAQ CBLK opened at $18.94 on Thursday. Carbon Black has a 12-month low of $16.33 and a 12-month high of $35.00.

A number of research firms have recently issued reports on CBLK. Zacks Investment Research upgraded shares of Carbon Black from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, October 3rd. Susquehanna Bancshares began coverage on shares of Carbon Black in a report on Friday, July 13th. They issued a “neutral” rating and a $27.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $28.33.

A hedge fund recently bought a new stake in Carbon Black stock. Bank of New York Mellon Corp bought a new position in shares of Carbon Black Inc (NASDAQ:CBLK) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 62,619 shares of the company’s stock, valued at approximately $1,628,000. Bank of New York Mellon Corp owned about 0.09% of Carbon Black at the end of the most recent quarter. 24.49% of the stock is currently owned by institutional investors.

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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