Carbon Black (CBLK) Hits New 12-Month Low at $14.54
Shares of Carbon Black Inc (NASDAQ:CBLK) reached a new 52-week low on Thursday . The company traded as low as $14.54 and last traded at $14.99, with a volume of 61026 shares changing hands. The stock had previously closed at $15.43.
CBLK has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Carbon Black from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, November 15th. Morgan Stanley cut their target price on Carbon Black from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.83.
Carbon Black (NASDAQ:CBLK) last released its earnings results on Thursday, October 25th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates 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. As a group, sell-side analysts anticipate that Carbon Black Inc will post -1.48 earnings per share for the current fiscal year.
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About Carbon Black (NASDAQ:CBLK)
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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