Equities research analysts forecast that Carbon Black Inc (NASDAQ:CBLK) will post ($0.22) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Carbon Black’s earnings. Carbon Black posted earnings per share of ($0.98) in the same quarter last year, which would suggest a positive year over year growth rate of 77.6%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Carbon Black will report full-year earnings of ($0.63) per share for the current year, with EPS estimates ranging from ($0.64) to ($0.61). For the next year, analysts anticipate that the firm will report earnings of ($0.48) per share, with EPS estimates ranging from ($0.56) to ($0.42). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Carbon Black.

Carbon Black (NASDAQ:CBLK) last announced its quarterly earnings results on Wednesday, February 20th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.11. The firm had revenue of $56.90 million for the quarter, compared to analysts’ expectations of $55.59 million. Carbon Black had a negative net margin of 39.13% and a negative return on equity of 101.09%. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis.

Several analysts recently issued reports on the stock. Raymond James raised shares of Carbon Black from an “outperform” rating to a “strong-buy” rating and set a $14.77 price target on the stock in a report on Tuesday, January 29th. JPMorgan Chase & Co. cut shares of Carbon Black from an “overweight” rating to a “neutral” rating and cut their price target for the company from $30.00 to $15.00 in a report on Thursday, February 21st. KeyCorp cut their price target on shares of Carbon Black from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, February 21st. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, February 21st. Finally, Robert W. Baird assumed coverage on shares of Carbon Black in a report on Wednesday, April 3rd. They issued an “outperform” rating and a $20.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Carbon Black has an average rating of “Buy” and a consensus target price of $20.47.

CBLK stock traded up $0.19 during midday trading on Thursday, reaching $13.13. 2,647 shares of the company’s stock traded hands, compared to its average volume of 1,113,757. Carbon Black has a fifty-two week low of $11.80 and a fifty-two week high of $35.00. The stock has a market cap of $857.11 million and a price-to-earnings ratio of -9.38.

In other news, insider Michael Viscuso sold 50,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $13.87, for a total transaction of $693,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 150,000 shares of company stock valued at $2,178,000 in the last 90 days.

Several institutional investors have recently added to or reduced their stakes in the company. Hershey Trust Co. lifted its holdings in Carbon Black by 81.5% in the first quarter. Hershey Trust Co. now owns 39,689 shares of the company’s stock worth $554,000 after purchasing an additional 17,816 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in Carbon Black in the first quarter worth about $161,000. Peregrine Capital Management LLC acquired a new stake in Carbon Black in the first quarter worth about $14,785,000. Edge Wealth Management LLC lifted its holdings in Carbon Black by 5,025.0% in the first quarter. Edge Wealth Management LLC now owns 20,500 shares of the company’s stock worth $289,000 after purchasing an additional 20,100 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Carbon Black by 428.0% in the fourth quarter. Deutsche Bank AG now owns 103,637 shares of the company’s stock worth $1,389,000 after purchasing an additional 84,007 shares during the period. Institutional investors and hedge funds own 60.37% of the company’s stock.

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

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