Zacks Investment Research downgraded shares of Carbon Black (NASDAQ:CBLK) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
According to Zacks, “Carbon Black Inc. provides endpoint security solutions. Its cloud-based security platform captures, records and analyzes endpoint data and combines with its analytics platform. The company provides technology solutions in endpoint security categories application control, endpoint detection and response and next generation antivirus. Carbon Black Inc. is based in Massachusetts, United States. “
CBLK has been the topic of several other research reports. Raymond James raised Carbon Black from an outperform rating to a strong-buy rating and set a $14.77 target price on the stock in a research note on Tuesday, January 29th. KeyCorp decreased their target price on Carbon Black from $25.00 to $21.00 and set an overweight rating on the stock in a research note on Thursday, February 21st. Finally, JPMorgan Chase & Co. lowered Carbon Black from an overweight rating to a neutral rating and decreased their target price for the stock from $30.00 to $15.00 in a research note on Thursday, February 21st. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Carbon Black currently has an average rating of Buy and a consensus price target of $20.54.
Carbon Black (NASDAQ:CBLK) last posted its earnings results on Wednesday, February 20th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.11. Carbon Black had a negative return on equity of 101.09% and a negative net margin of 39.13%. The firm had revenue of $56.90 million for the quarter, compared to analyst estimates of $55.59 million. The business’s revenue was up 27.6% on a year-over-year basis. Analysts forecast that Carbon Black will post -0.93 earnings per share for the current year.
In other Carbon Black news, insider Michael Viscuso sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $13.92, for a total transaction of $696,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 200,000 shares of company stock worth $2,862,000.
Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio increased its holdings in Carbon Black by 58.3% during the 4th quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $50,000 after purchasing an additional 1,400 shares during the period. FNY Investment Advisers LLC purchased a new stake in Carbon Black during the 3rd quarter worth about $105,000. NumerixS Investment Technologies Inc increased its holdings in Carbon Black by 1,050.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 9,200 shares of the company’s stock worth $122,000 after purchasing an additional 8,400 shares during the period. Citigroup Inc. increased its holdings in Carbon Black by 341.9% during the 4th quarter. Citigroup Inc. now owns 10,092 shares of the company’s stock worth $135,000 after purchasing an additional 7,808 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in Carbon Black during the 4th quarter worth about $170,000. Institutional investors own 60.10% of the company’s stock.
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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