-$0.17 EPS Expected for Carbon Black Inc (NASDAQ:CBLK) This Quarter

Wall Street analysts expect that Carbon Black Inc (NASDAQ:CBLK) will announce earnings of ($0.17) per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Carbon Black’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.17). Carbon Black reported earnings of ($0.35) per share during the same quarter last year, which indicates a positive year over year growth rate of 51.4%. The business is scheduled to announce its next earnings results on Tuesday, August 6th.

On average, analysts expect that Carbon Black will report full-year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.63) to ($0.61). For the next financial year, analysts forecast that the company will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.54) to ($0.39). Zacks’ EPS averages are an average based on a survey of analysts that cover Carbon Black.

Carbon Black (NASDAQ:CBLK) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.22) earnings per share for the quarter, hitting the consensus estimate of ($0.22). Carbon Black had a negative net margin of 36.91% and a negative return on equity of 38.71%. The business had revenue of $58.60 million for the quarter, compared to analyst estimates of $57.10 million. During the same quarter last year, the firm earned ($0.98) EPS. Carbon Black’s quarterly revenue was up 21.1% compared to the same quarter last year.

CBLK has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, May 9th. Robert W. Baird initiated coverage on shares of Carbon Black in a research note on Wednesday, April 3rd. They set an “outperform” rating and a $20.00 price objective on the stock. ValuEngine lowered shares of Carbon Black from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Cowen initiated coverage on shares of Carbon Black in a research note on Thursday, May 23rd. They set a “market perform” rating and a $18.00 price objective on the stock. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.35.

In other Carbon Black news, insider Michael Viscuso sold 50,000 shares of Carbon Black stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $13.87, for a total value of $693,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald H. Nordin sold 86,750 shares of Carbon Black stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $19.00, for a total transaction of $1,648,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 489,580 shares of company stock worth $8,935,270.

Institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Institute of Technology acquired a new stake in shares of Carbon Black in the fourth quarter valued at approximately $355,000. Hershey Trust Co. raised its holdings in shares of Carbon Black by 81.5% in the first quarter. Hershey Trust Co. now owns 39,689 shares of the company’s stock valued at $554,000 after purchasing an additional 17,816 shares during the last quarter. HarbourVest Partners LLC acquired a new stake in shares of Carbon Black in the fourth quarter valued at approximately $2,992,000. Bank of New York Mellon Corp raised its holdings in shares of Carbon Black by 1,490.5% in the fourth quarter. Bank of New York Mellon Corp now owns 428,159 shares of the company’s stock valued at $5,746,000 after purchasing an additional 401,240 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Carbon Black by 78.0% in the fourth quarter. Geode Capital Management LLC now owns 248,041 shares of the company’s stock valued at $3,328,000 after purchasing an additional 108,697 shares during the last quarter. 61.87% of the stock is currently owned by hedge funds and other institutional investors.

Carbon Black stock opened at $16.01 on Wednesday. The business’s 50 day moving average price is $16.44. Carbon Black has a fifty-two week low of $11.80 and a fifty-two week high of $27.60. The company has a market cap of $1.15 billion and a price-to-earnings ratio of -11.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.08.

About Carbon Black

Carbon Black, Inc provides security solutions in the United States and internationally. Its solutions enable customers to predict, prevent, detect, respond to, and remediate cyber-attacks before they cause a damaging incident or data breach. The company offers CB Predictive Security Cloud, a big data and analytics platform, which provides endpoint data collection, streaming analytics, collective intelligence, and open application program interfaces, as well as a set of security services.

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

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