Carbon Black (CBLK) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Carbon Black (NASDAQ:CBLK) from a buy rating to a sell rating in a report released on Tuesday morning.

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. “

Separately, Morgan Stanley lowered their price objective on shares of Carbon Black from $21.00 to $19.00 and set an equal weight rating for the company in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Carbon Black currently has a consensus rating of Buy and a consensus target price of $26.83.

Shares of CBLK traded up $0.12 during mid-day trading on Tuesday, reaching $16.52. The company’s stock had a trading volume of 717 shares, compared to its average volume of 738,583. Carbon Black has a 52 week low of $15.20 and a 52 week high of $35.00.

Carbon Black (NASDAQ:CBLK) last announced its quarterly earnings data on Thursday, October 25th. The company reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.05. The business had revenue of $53.42 million during the quarter, compared to the consensus estimate of $52.65 million. Equities research analysts expect that Carbon Black will post -1.48 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of CBLK. Moody Lynn & Lieberson LLC purchased a new position in shares of Carbon Black in the second quarter worth $3,346,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Carbon Black in the second quarter worth $260,000. Atlas Venture Associates IX LLC purchased a new position in shares of Carbon Black in the second quarter worth $4,713,000. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Carbon Black in the second quarter worth $914,000. Finally, Jennison Associates LLC purchased a new position in shares of Carbon Black in the second quarter worth $20,289,000. 25.80% of the stock is currently owned by institutional investors.

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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