Carbon Black (NASDAQ:CBLK) Releases FY19 Earnings Guidance

Carbon Black (NASDAQ:CBLK) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.61-0.58) for the period, compared to the Thomson Reuters consensus estimate of ($0.61). The company issued revenue guidance of $243-245 million, compared to the consensus revenue estimate of $243.21 million.Carbon Black also updated its FY 2019 guidance to $-0.61–0.58 EPS.

A number of research firms recently weighed in on CBLK. ValuEngine upgraded Carbon Black from a hold rating to a buy rating in a research report on Thursday. KeyCorp boosted their price objective on Carbon Black from $21.00 to $23.00 and gave the company an overweight rating in a research report on Friday. Zacks Investment Research downgraded Carbon Black from a buy rating to a hold rating in a research report on Tuesday, June 4th. Finally, Cowen began coverage on Carbon Black in a research report on Thursday, May 23rd. They issued a market perform rating and a $18.00 price objective for the company. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $18.54.

CBLK stock traded up $1.06 during midday trading on Friday, hitting $19.31. The company had a trading volume of 1,739,761 shares, compared to its average volume of 737,460. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.08. Carbon Black has a 52 week low of $11.80 and a 52 week high of $27.27. The firm has a 50 day moving average price of $17.62. The company has a market capitalization of $1.31 billion, a PE ratio of -13.79 and a beta of 1.28.

Carbon Black (NASDAQ:CBLK) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.04. Carbon Black had a negative return on equity of 37.37% and a negative net margin of 30.69%. The firm had revenue of $60.86 million during the quarter, compared to the consensus estimate of $59.50 million. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Equities research analysts predict that Carbon Black will post -0.89 EPS for the current year.

In other news, insider Michael Viscuso sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $17.25, for a total transaction of $172,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick Morley sold 277,830 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $19.00, for a total value of $5,278,770.00. The disclosure for this sale can be found here. Insiders sold 552,960 shares of company stock valued at $10,378,490 in the last quarter. Corporate insiders own 21.60% of the company’s stock.

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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