Carbon Black (NASDAQ:CBLK) Issues Earnings Results, Beats Estimates By $0.04 EPS

Carbon Black (NASDAQ:CBLK) announced its quarterly earnings data on Thursday. The company reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.04, Morningstar.com reports. Carbon Black had a negative net margin of 36.91% and a negative return on equity of 38.71%. The firm had revenue of $60.86 million for the quarter, compared to the consensus estimate of $59.50 million. During the same period in the previous year, the firm posted ($0.35) earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis.

CBLK stock traded up $1.06 during trading hours on Friday, hitting $19.31. The company’s stock had a trading volume of 1,739,761 shares, compared to its average volume of 677,715. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $1.33 billion, a P/E ratio of -13.79 and a beta of 1.28. Carbon Black has a 12 month low of $11.80 and a 12 month high of $27.27. The stock has a 50 day moving average of $17.62.

In other Carbon Black news, Director Ronald H. Nordin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $19.00, for a total value of $190,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Viscuso sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $15.65, for a total transaction of $391,250.00. The disclosure for this sale can be found here. Insiders sold 552,960 shares of company stock valued at $10,378,490 over the last three months. Insiders own 21.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CBLK. Pendal Group Ltd grew its position in Carbon Black by 4,720.7% in the second quarter. Pendal Group Ltd now owns 4,838,310 shares of the company’s stock worth $71,358,000 after acquiring an additional 4,737,944 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Carbon Black by 241.9% during the 4th quarter. BlackRock Inc. now owns 2,139,396 shares of the company’s stock worth $28,711,000 after buying an additional 1,513,617 shares during the period. Copper Rock Capital Partners LLC bought a new stake in shares of Carbon Black during the 2nd quarter worth $21,634,000. Peregrine Capital Management LLC bought a new stake in shares of Carbon Black during the 1st quarter worth $14,785,000. Finally, First Trust Advisors LP bought a new stake in shares of Carbon Black during the 1st quarter worth $13,984,000. 64.46% of the stock is owned by institutional investors.

A number of research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Carbon Black from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday. ValuEngine raised shares of Carbon Black from a “hold” rating to a “buy” rating in a research report on Thursday. Cowen started coverage on shares of Carbon Black in a research report on Thursday, May 23rd. They set a “market perform” rating and a $18.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Carbon Black from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Carbon Black presently has an average rating of “Buy” and a consensus price target of $18.54.

Carbon Black Company Profile

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 for Carbon Black (NASDAQ:CBLK)

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