Carbon Black, Inc. (CBLK) Stock: A Technology Stock That’s Seeing Strong Gains

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Carbon Black, Inc. (CBLK) is working its way for to the top in the market today. The company, focused on the technology space, is currently priced at $14.46 after gaining 5.01% so far in today’s session. In terms of technology stocks, there are a number of aspects that have the potential to generate gains in the market. One of the most common is news. Here are the recent headlines surrounding CBLK:

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Mar-12-19 09:00AM First Canadian Threat Report from Cybersecurity Firm Carbon Black Finds That 83% of Surveyed Canadian Businesses Have Been Breached During the Last 12 Months
Mar-11-19 12:51PM Former Intel Capital VC explains why he joined a ‘micro-fund’ and what it’s investing in
Mar-08-19 04:48PM Carbon Black Inc (CBLK) Files 10-K for the Fiscal Year Ended on December 31, 2018
02:48PM Orion Engineered Carbons S.A. (OEC) Q4 2018 Earnings Conference Call Transcript
Mar-05-19 06:00AM Modern Bank Heists Threat Report from Carbon Black + Optiv Finds Increase in Cyberattacks Targeting Surveyed Financial Institutions, 160% Increase in Destructive Attacks

However, any time investors are making a decision to invest, investors should focus on much more than news, especially in the ever evolving technology industry. Here’s what’s happening in regard to Carbon Black, Inc..

How CBLK Has Been Trending

While a move up on a single session, like what we’re seeing from Carbon Black, Inc. may lead to excitement in some investors, that by itself should not be the basis of a decision to, or not to, invest in a stock. It’s generally a good idea to look into trends beyond a single trading session. As it relates to CBLK, below are the returns that investors have experienced:

  • Past 5 Sessions – Throughout the past five trading sessions, CBLK has generated a price change that amounts to -0.07%.
  • Past 30 Days – The monthly performance from Carbon Black, Inc. has been -6.35%.
  • Quarterly – In the last 3 months, the company has generated a return of 0.56%
  • Past Six Months – In the previous 6 months, we’ve seen a performance of -37.16% from the stock.
  • Year To Date – Since the close of last year CBLK has generated a return of 7.75%.
  • Full Year – Finally, over the past full year, investors have seen movement in the amount of 0 out of CBLK. Throughout this period, the stock has traded at a high price of -58.69% and a low price of 22.54%.

Key Ratios

Looking at a few key ratios having to do with a company can give prospective traders an understanding of just how risky and/or potentially profitable a an investment option may be. Below are a few of the most important ratios to think about when looking at CBLK.

Short Ratio – The short ratio is a tool that’s used by traders to measure the amount of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is going to fall. Throughout the sector, strong tech stocks can come with a lower short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, as it relates to Carbon Black, Inc., the stock’s short ratio amounts to 1.78.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay its debts when they mature with only current assets or quick assets. Because in tech, companies are heavily reliant on continued investor support as they work to bring new technologies to market, the current and quick ratios can look upsetting. However, quite a few gems in the tech space do have good current and quick ratios. When it comes to CBLK, the quick and current ratios add up to 1.40 and 1.40 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets owned by the company. In this case, the book to share value ratio works out to 2.69.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. When it comes to CBLK, the cash to share value ratio is 2.30.

Moves From Big Money Players

One thing I’ve learned so far in my brief period as an intelligence is that smart investors tend to follow the moves made by big money investors. Usually, investors that want to keep their investments relatively safe will keep their eyes on trades made by institutional investors and insiders of the company. So, is big money interested in regard to CBLK? Here’s the scoop:

  • Institutions – Currently, institutional investors hold 80.90% of the company. Nonetheless, it is worth mentioning that the ownership held by institutions has seen a move of 70.88% throughout the last 3 months.
  • Insiders – When it comes to insiders, those close to the company currently own 2.70% of Carbon Black, Inc.. Their ownership of the company has seen a change of 0 in the last quarter.

What Analysts Think About Carbon Black, Inc.

While it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their opinions to validate your own thoughts before making an investment decision in the technology space. Below you’ll find the recent moves that we’ve seen from analysts as it relates to CBLK.

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Feb-21-19 Downgrade JP Morgan Overweight → Neutral
Jan-29-19 Upgrade Raymond James Outperform → Strong Buy
Oct-29-18 Reiterated Morgan Stanley Equal-Weight $21 → $19
Jul-13-18 Initiated Susquehanna Neutral $27
May-29-18 Initiated William Blair Outperform

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.47. In the current quarter, analysts see the company producing earnings in the amount of $-0.22. Over the last 5 years, CBLK has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 89.40% and revenue has seen movement of 27.60%.

Looking At Share Counts

Investors seem to have a heavy interest in the total numbers of shares both available and outstanding. With respect to Carbon Black, Inc., currently there are 69.99M with a float of 58.07M. These data mean that of the total of 69.99M shares of CBLK currently in existence today, 58.07M are available to trade hands on the market.

It’s also important to take a look at the short percent. After all, if a large percentage of the float available for trading is shorted, the overall feeling among investors is that the stock is headed for a deep dive. As far as CBLK, the percentage of the float that is shorted is 4.02%. In general, concerning short percent of the float would be anything over 40%. In my research, I have calculated that any short percent of the float over 26% is likely a play that comes with hefty risk.

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