Carbonite, Inc. (CARB) Analysts See $0.19 EPS

January 13, 2018 - By Marguerite Chambers

 Carbonite, Inc. (CARB) Analysts See $0.19 EPS
Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.28, from 1.36 in 2017Q2. It fall, as 30 investors sold Carbonite, Inc. shares while 35 reduced holdings. 23 funds opened positions while 47 raised stakes. 24.47 million shares or 2.34% more from 23.91 million shares in 2017Q2 were reported.
White Pine Lc invested in 0% or 25,530 shares. Zacks Invest Mgmt reported 98,912 shares. Prelude Capital Lc has 0.01% invested in Carbonite, Inc. (NASDAQ:CARB). Metropolitan Life Insurance Co Ny reported 16,822 shares. Vanguard owns 1.62M shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 451 shares. Bancorporation Of Montreal Can holds 79,271 shares or 0% of its portfolio. Arrowmark Colorado Ltd invested in 0.3% or 1.20M shares. Manufacturers Life Co The owns 19,432 shares for 0% of their portfolio. 14,138 were accumulated by Nationwide Fund Advsr. Connor Clark & Lunn Inv Mngmt Limited reported 15,825 shares. Parametric Port Assoc Ltd reported 110,578 shares. 5,893 were accumulated by Tower Cap Lc (Trc). Atria Invests Ltd Liability owns 0.01% invested in Carbonite, Inc. (NASDAQ:CARB) for 9,372 shares. Timpani Capital Mgmt Limited Com reported 141,473 shares.

Since August 7, 2017, it had 0 insider purchases, and 12 insider sales for $1.09 million activity. On Monday, December 11 KRASNOW TODD sold $231,600 worth of Carbonite, Inc. (NASDAQ:CARB) or 10,000 shares. HUDSON CASSANDRA sold $34,464 worth of stock. The insider Guadagno Norman sold $53,887. 298 shares were sold by SHEER DANIELLE, worth $5,588 on Monday, August 28. $157,815 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by Mellinger Paul S..

Analysts expect Carbonite, Inc. (NASDAQ:CARB) to report $0.19 EPS on February, 8.They anticipate $0.15 EPS change or 375.00 % from last quarter’s $0.04 EPS. CARB’s profit would be $5.31 million giving it 34.21 P/E if the $0.19 EPS is correct. After having $0.13 EPS previously, Carbonite, Inc.’s analysts see 46.15 % EPS growth. The stock increased 0.39% or $0.1 during the last trading session, reaching $26. About 146,783 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 113.73% since January 13, 2017 and is uptrending. It has outperformed by 97.03% the S&P500.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

Among 9 analysts covering Carbonite (NASDAQ:CARB), 5 have Buy rating, 2 Sell and 2 Hold. Therefore 56% are positive. Carbonite had 14 analyst reports since September 21, 2015 according to SRatingsIntel. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Equal-Weight” rating given on Friday, August 4 by Barclays Capital. The rating was maintained by JMP Securities with “Buy” on Monday, November 27. B. Riley & Co initiated the shares of CARB in report on Friday, June 10 with “Buy” rating. The rating was downgraded by Zacks on Monday, September 21 to “Sell”. Oppenheimer upgraded the shares of CARB in report on Tuesday, October 11 to “Outperform” rating. Lake Street maintained the stock with “Buy” rating in Tuesday, February 28 report. The firm earned “Buy” rating on Wednesday, December 13 by Rosenblatt. JMP Securities initiated it with “Buy” rating and $30.0 target in Tuesday, October 17 report. As per Friday, November 3, the company rating was maintained by Northland Capital. The stock has “Hold” rating by Northland Capital on Wednesday, September 20.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States. The company has market cap of $726.63 million. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It currently has negative earnings. The company??s solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

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