Zacks Investment Research lowered shares of Carbon Black (NASDAQ:CBLK) from a buy rating to a sell rating in a research note released on Tuesday.

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 cut their target price on shares of Carbon Black from $21.00 to $19.00 and set an equal weight rating on the stock in a research report on Monday, October 29th. One research 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. The company presently has an average rating of Buy and an average target price of $26.83.

NASDAQ CBLK opened at $16.74 on Tuesday. Carbon Black has a 1 year low of $15.20 and a 1 year high of $35.00.

Carbon Black (NASDAQ:CBLK) last issued its earnings results on Thursday, October 25th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.05. The company had revenue of $53.42 million during the quarter, compared to analyst estimates of $52.65 million. On average, research analysts forecast that Carbon Black will post -1.48 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new stake in Carbon Black in the third quarter valued at approximately $105,000. Partner Investment Management L.P. acquired a new stake in Carbon Black in the second quarter valued at approximately $160,000. Peregrine Asset Advisers Inc. acquired a new stake in Carbon Black in the second quarter valued at approximately $202,000. State of New Jersey Common Pension Fund D acquired a new stake in Carbon Black in the second quarter valued at approximately $260,000. Finally, Quantum Capital Management acquired a new stake in Carbon Black in the third quarter valued at approximately $291,000. Hedge funds and other institutional investors own 25.80% of the company’s stock.

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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