Carbon Black Inc (NASDAQ:CBLK)’s share price hit a new 52-week low on Thursday . The company traded as low as $14.54 and last traded at $14.99, with a volume of 61026 shares traded. The stock had previously closed at $15.43.

CBLK has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Carbon Black from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Morgan Stanley cut their price objective 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 assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $26.83.

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

A number of hedge funds have recently modified their holdings of CBLK. State of New Jersey Common Pension Fund D acquired a new stake in Carbon Black in the 2nd quarter valued at $260,000. Jennison Associates LLC acquired a new stake in Carbon Black in the 2nd quarter valued at $20,289,000. Sei Investments Co. acquired a new stake in Carbon Black in the 2nd quarter valued at $838,000. Engineers Gate Manager LP acquired a new stake in Carbon Black in the 2nd quarter valued at $2,628,000. Finally, EAM Investors LLC acquired a new stake in Carbon Black in the 2nd quarter valued at $2,511,000. Hedge funds and other institutional investors own 25.97% of the company’s stock.

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Carbon Black Company Profile (NASDAQ:CBLK)

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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