Carbon Black (NASDAQ:CBLK) Updates FY 2019 Earnings Guidance

Carbon Black (NASDAQ:CBLK) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-0.61–0.58 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.61. The company issued revenue guidance of $243-245 million, compared to the consensus revenue estimate of $243.27 million.Carbon Black also updated its FY19 guidance to ($0.61-0.58) EPS.

Shares of NASDAQ CBLK traded up $1.06 during trading on Friday, reaching $19.31. The stock had a trading volume of 1,739,761 shares, compared to its average volume of 677,715. Carbon Black has a fifty-two week low of $11.80 and a fifty-two week high of $27.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50-day moving average price of $17.62. The stock has a market capitalization of $1.33 billion, a P/E ratio of -13.79 and a beta of 1.28.

Carbon Black (NASDAQ:CBLK) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.20) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.04. Carbon Black had a negative return on equity of 38.71% and a negative net margin of 36.91%. The business had revenue of $60.86 million during the quarter, compared to analysts’ expectations of $59.50 million. During the same period in the previous year, the firm posted ($0.35) earnings per share. The company’s revenue was up 19.4% on a year-over-year basis. Research analysts expect that Carbon Black will post -0.89 earnings per share for the current fiscal year.

CBLK has been the subject of several analyst reports. Zacks Investment Research cut Carbon Black from a buy rating to a hold rating in a research note on Tuesday, June 4th. KeyCorp boosted their target price on Carbon Black from $21.00 to $23.00 and gave the stock an overweight rating in a research note on Friday. Cowen initiated coverage on Carbon Black in a research note on Thursday, May 23rd. They set a market perform rating and a $18.00 target price for the company. Finally, ValuEngine raised Carbon Black from a hold rating to a buy rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $18.54.

In related news, Director Ronald H. Nordin sold 86,750 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $19.00, for a total transaction of $1,648,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Viscuso sold 25,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $15.65, for a total value of $391,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 552,960 shares of company stock valued at $10,378,490 over the last three months. 21.60% of the stock is currently owned by insiders.

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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