NasdaqGS:CBLK

Stock Analysis Report

Executive Summary

Carbon Black, Inc. provides security solutions in the United States and internationally.

Snowflake

Fundamentals

Excellent balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Carbon Black's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.1%

CBLK

1.5%

US Software

1.3%

US Market


1 Year Return

57.5%

CBLK

23.1%

US Software

5.9%

US Market

Return vs Industry: CBLK exceeded the US Software industry which returned 23.1% over the past year.

Return vs Market: CBLK exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

CBLKIndustryMarket
7 Day0.1%1.5%1.3%
30 Day-0.04%-0.8%-1.9%
90 Day41.9%-3.4%-1.8%
1 Year57.5%57.5%24.8%23.1%8.3%5.9%
3 Yearn/a122.8%114.1%45.6%36.2%
5 Yearn/a179.3%159.1%66.1%47.9%

Price Volatility Vs. Market

How volatile is Carbon Black's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Carbon Black undervalued compared to its fair value and its price relative to the market?

10.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: CBLK ($26) is trading above our estimate of fair value ($5.14)

Significantly Undervalued: CBLK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CBLK is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: CBLK is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate CBLK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CBLK is overvalued based on its PB Ratio (10.8x) compared to the US Software industry average (5.1x).


Next Steps

Future Growth

How is Carbon Black forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

17.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBLK is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CBLK is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CBLK is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CBLK's revenue (14.3% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: CBLK's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CBLK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Carbon Black performed over the past 5 years?

-32.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CBLK is unprofitable, and losses have increased over the past 5 years at a rate of -32% per year.

Accelerating Growth: Unable to compare CBLK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CBLK is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (19.1%).


Return on Equity

High ROE: CBLK has a negative Return on Equity (-40%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CBLK is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CBLK is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Carbon Black's financial position?


Financial Position Analysis

Short Term Liabilities: CBLK's short term assets ($224.0M) exceeds its short term liabilities ($175.5M)

Long Term Liabilities: CBLK's short term assets (224.0M) exceeds its long term liabilities (47.9M)


Debt to Equity History and Analysis

Debt Level: CBLK is debt free.

Reducing Debt: CBLK had no debt 5 years ago.


Balance Sheet

Inventory Level: CBLK has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CBLK's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CBLK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CBLK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Carbon Black's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CBLK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CBLK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CBLK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CBLK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CBLK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Carbon Black's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Patrick Morley (52yo)

11.8yrs

Tenure

US$2,543,849

Compensation

Mr. Patrick Morley has been Chief Executive Officer, President and Director at Carbon Black, Inc. since December 2007. He has been the Chief Executive Officer and President of Bit9, Inc. since December 200 ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Patrick's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Patrick's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

3.1yrs

Average Tenure

50yo

Average Age

Experienced Management: CBLK's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

56.5yo

Average Age

Experienced Board: CBLK's board of directors are considered experienced (4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Tom Barsi (50yo)

    Senior Vice President of Corporate & Business Development

    • Tenure: 0yrs
  • Todd Brennan

    Co-Founder

    • Tenure: 17.8yrs
  • Patrick Morley (52yo)

    CEO, President & Director

    • Tenure: 11.8yrs
    • Compensation: US$2.54m
  • Eric Pyenson (62yo)

    Senior VP

    • Tenure: 5.3yrs
  • Allen Hillery

    Co-Founder and Quality Assurance Architect

    • Tenure: 0yrs
  • Thomas Hansen (47yo)

    COO & Executive VP

    • Tenure: 1yrs
    • Compensation: US$1.90m
  • Steve Webber (49yo)

    CFO, Principal Accounting Officer

    • Tenure: 0.6yrs
  • Brad Rinklin

    Chief Marketing Officer

    • Tenure: 0.8yrs
  • Ryan Murphy

    Senior PR Manager

    • Tenure: 0yrs
  • Scott Lundgren

    Chief Technology Officer & Chief Architect

    • Tenure: 0yrs

Board Members

  • Ron Nordin (66yo)

    Independent Director

    • Tenure: 11.9yrs
    • Compensation: US$124.96k
  • Jill Ward (59yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$300.00k
  • Tony Zingale (63yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$136.15k
  • Joe Tibbetts (66yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$136.15k
  • Patrick Morley (52yo)

    CEO, President & Director

    • Tenure: 11.8yrs
    • Compensation: US$2.54m
  • Jeff Fagnan (48yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$150.00k
  • Tom Killalea (51yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$121.23k
  • Vanessa Pegueros (54yo)

    Independent Director

    • Tenure: 0.7yrs

Company Information

Carbon Black, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Carbon Black, Inc.
  • Ticker: CBLK
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: US$1.947b
  • Shares outstanding: 74.88m
  • Website: https://www.carbonblack.com

Number of Employees


Location

  • Carbon Black, Inc.
  • 1100 Winter Street
  • Waltham
  • Massachusetts
  • 2451
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBLKNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDMay 2018

Biography

Carbon Black, Inc. provides security solutions in the United States and internationally. Its solutions enable customers to predict, prevent, detect, respond to, and remediate cyber-attacks before they caus ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/09 02:02
End of Day Share Price2019/10/07 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.