Carbonite (NASDAQ:CARB) Getting Somewhat Positive Press Coverage, Accern Reports
News stories about Carbonite (NASDAQ:CARB) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carbonite earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 62 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- $60.00 Million in Sales Expected for Carbonite, Inc. (NASDAQ:CARB) This Quarter (americanbankingnews.com)
- Will Philip Morris’s Earnings Rise in 2Q17? (footballhebdo.com)
- Carbonite Transfer Bid Doomed By Alice Motion In IP Row (law360.com)
- Notable Thursday Option Activity: BABY, CARB, MA (marketnewsvideo.com)
- Carbonite Venue Transfer Bid Doomed By Alice Motion In IP Row (law360.com)
A number of analysts have weighed in on CARB shares. B. Riley reaffirmed a “buy” rating and set a $26.00 target price on shares of Carbonite in a research note on Monday, May 8th. BidaskClub cut shares of Carbonite from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Barclays PLC started coverage on shares of Carbonite in a research note on Monday, June 26th. They issued an “equal weight” rating and a $26.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Carbonite presently has a consensus rating of “Buy” and an average target price of $24.29.
Carbonite (NASDAQ:CARB) traded up 2.52% during trading on Friday, reaching $22.35. 241,515 shares of the company traded hands. The firm has a market capitalization of $614.45 million, a price-to-earnings ratio of 77.07 and a beta of 0.12. Carbonite has a 12-month low of $9.97 and a 12-month high of $24.60. The firm’s 50 day moving average price is $20.76 and its 200 day moving average price is $19.35.
Carbonite (NASDAQ:CARB) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $57.10 million during the quarter, compared to analyst estimates of $55.49 million. Carbonite had a net margin of 3.79% and a return on equity of 200.32%. Carbonite’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. Equities research analysts expect that Carbonite will post $0.77 earnings per share for the current year.
In other news, CFO Anthony Folger sold 6,540 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $22.34, for a total transaction of $146,103.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cassandra Hudson sold 2,018 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $21.27, for a total transaction of $42,922.86. The disclosure for this sale can be found here. Insiders have sold a total of 68,901 shares of company stock valued at $1,416,266 over the last three months. 12.20% of the stock is currently owned by insiders.
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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.
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