Carbonite (CARB) Earns News Sentiment Rating of -0.20

Carbonite (CARB) Earns News Sentiment Rating of -0.20

Several research analysts have issued reports on CARB shares. B. Riley restated a “buy” rating and set a $22.50 price target on shares of Carbonite in a report on Saturday, February 11th. Craig Hallum started coverage on shares of Carbonite in a report on Thursday, March 16th. They set a “buy” rating and a $30.00 price target for the company. Lake Street Capital raised their price target on shares of Carbonite from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. TheStreet lowered shares of Carbonite from a “c” rating to a “d” rating in a report on Friday, February 10th. Finally, Zacks Investment Research lowered shares of Carbonite from a “strong-buy” rating to a “hold” rating in a report on Monday, February 13th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.60.

News coverage about Carbonite (NASDAQ:CARB) has been trending somewhat negative on Wednesday, AlphaOne reports. The research group, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carbonite earned a media sentiment score of -0.20 on AlphaOne’s scale. AlphaOne also assigned news stories about the technology company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

Carbonite (CARB) opened at 18.90 on Wednesday. The firm’s 50-day moving average is $19.97 and its 200 day moving average is $18.87. The company has a market cap of $519.60 million, a price-to-earnings ratio of 62.79 and a beta of 0.35. Carbonite has a 12-month low of $8.81 and a 12-month high of $22.00.

Carbonite (NASDAQ:CARB) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Carbonite had a negative return on equity of 444.34% and a negative net margin of 1.98%. The firm had revenue of $57.10 million during the quarter, compared to the consensus estimate of $55.49 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis. On average, equities analysts expect that Carbonite will post $0.77 earnings per share for the current fiscal year.

In other Carbonite news, CFO Anthony Folger sold 6,141 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $19.38, for a total value of $119,012.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cassandra Hudson sold 2,187 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $21.76, for a total value of $47,589.12. The disclosure for this sale can be found here. Insiders sold 42,770 shares of company stock valued at $878,584 in the last quarter. Corporate insiders own 15.80% of the company’s stock.

Carbonite Company Profile

Carbonite, Inc provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CARB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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