Topic: How To Invest

Spinoffs, Takeovers and Special Situations Hotline – Friday, August 16, 2019

Article Excerpt

CARBON BLACK INC., $22.67, symbol CBLK on Nasdaq, is a cybersecurity firm with more than 5,600 customers, including one-third of the Fortune 100. The company’s CB Predictive Security Cloud platform helps customers detect, respond to, and stop potential cyberattacks before they happen. Carbon Black is now reportedly considering a sale of the company. To advise on the merits of such a move, it has hired investment bank Morgan Stanley. Broadcom (symbol AVGO on Nasdaq) recently agreed to acquire Symantec’s (symbol SYMC on Nasdaq) enterprise security business for $10.7 billion. That has likely sparked investor interest in cybersecurity companies such as Carbon Black. Like Broadcom, other larger firms that are looking to incorporate endpoint security into their portfolio could be potential buyers of Carbon Black. Endpoint security lets companies track, monitor and keep secure their employees’ mobile devices. It also lets IT and security professionals enhance asset management, protect sensitive data, reduce vulnerabilities and ensure compliance with corporate policies and privacy regulations. One of Carbon…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.