Carbon Black (CBLK) Updates FY18 Earnings Guidance

Carbon Black (NASDAQ:CBLK) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of ($1.32-1.35) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($1.38). The company issued revenue guidance of $203.0-204.5 million, compared to the consensus revenue estimate of $202.01 million.Carbon Black also updated its Q2 guidance to ($0.41-0.42) EPS.

Several brokerages have commented on CBLK. Morgan Stanley boosted their price target on shares of Carbon Black from $23.00 to $24.00 and gave the stock an equal weight rating in a research report on Friday, June 8th. Raymond James began coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They set an outperform rating on the stock. Cowen began coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They set an outperform rating and a $29.00 price target on the stock. KeyCorp began coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They set an overweight rating and a $29.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They set an overweight rating and a $39.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Carbon Black presently has a consensus rating of Buy and a consensus target price of $30.25.

Carbon Black stock traded up $2.68 during trading hours on Thursday, hitting $30.90. The company had a trading volume of 1,144,961 shares, compared to its average volume of 554,291. Carbon Black has a one year low of $22.56 and a one year high of $30.99.

Carbon Black (NASDAQ:CBLK) last announced its earnings results on Thursday, June 7th. The company reported ($0.98) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.27) by $0.29. The business had revenue of $48.40 million for the quarter, compared to analyst estimates of $47.99 million. The business’s revenue was up 34.8% on a year-over-year basis. equities analysts forecast that Carbon Black will post -1.32 earnings per share for the current fiscal 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.

Earnings History and Estimates for Carbon Black (NASDAQ:CBLK)

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