Carbon Black (CBLK) Updates FY18 Earnings Guidance

Carbon Black (NASDAQ:CBLK) issued an update on its FY18 earnings guidance on Thursday morning. 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.

Shares of NASDAQ CBLK traded down $0.69 during mid-day trading on Thursday, hitting $26.31. The stock had a trading volume of 657,166 shares, compared to its average volume of 497,090. Carbon Black has a 1 year low of $22.56 and a 1 year high of $27.74.

Several research analysts recently commented on CBLK shares. 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 target price on the stock. Raymond James started coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They set an outperform rating on the stock. William Blair started coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They set an outperform rating on the stock. KeyCorp started coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They set an overweight rating and a $29.00 price objective on the stock. Finally, Morgan Stanley started coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They set an equal weight rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $30.00.

About Carbon Black

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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