Robert W. Baird Reaffirms Their Buy Rating on Carbon Black Inc (CBLK)


Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Carbon Black Inc (CBLK) today and set a price target of $26. The company’s shares closed last Monday at $26.09, close to its 52-week high of $26.36.

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 18.9% and a 67.3% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Varonis Systems, and Proofpoint Inc.

Carbon Black Inc has an analyst consensus of Hold, with a price target consensus of $26.

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Based on Carbon Black Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $14.62 million. In comparison, last year the company had a GAAP net loss of $25.28 million.

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Carbon Black, Inc. engages in the provision of endpoint security services. Its software solutions include Cb defense, Cb responcs, Cb protection, Cb defense for vmware, and Cb Threatsight. It focuses on delivering endpoint protection for desktops and servers through application control.

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