Carbon Black (CBLK) Trading Up 4.3%

Carbon Black Inc (NASDAQ:CBLK)’s share price was up 4.3% during trading on Friday . The stock traded as high as $30.99 and last traded at $32.32. Approximately 22,656 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 499,820 shares. The stock had previously closed at $31.00.

Several equities analysts recently commented on CBLK shares. Morgan Stanley started coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They issued an “equal weight” rating and a $23.00 price objective for the company. Raymond James started coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They issued an “outperform” rating for the company. Cowen started coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They issued an “outperform” rating and a $29.00 price objective for the company. William Blair started coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They issued an “outperform” rating for the company. Finally, KeyCorp started coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They issued an “overweight” rating and a $29.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $30.25.

Carbon Black (NASDAQ:CBLK) last issued its quarterly earnings data on Thursday, June 7th. The company reported ($0.98) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.27) by $0.29. The company had revenue of $48.40 million during the quarter, compared to the consensus estimate of $47.99 million. Carbon Black’s revenue for the quarter was up 34.8% on a year-over-year basis. analysts expect that Carbon Black Inc will post -1.33 earnings per share for the current year.

Carbon Black Company Profile

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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