Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Carbonite (CARB) Stock Price
Headlines about Carbonite (NASDAQ:CARB) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Carbonite earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.2027815419595 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Carbonite, Inc. (CARB) General Counsel Danielle Sheer Sells 4,807 Shares (americanbankingnews.com)
- Carbonite, Inc. (CARB) CFO Anthony Folger Sells 6,008 Shares (americanbankingnews.com)
- Paul S. Mellinger Sells 7,500 Shares of Carbonite, Inc. (CARB) Stock (americanbankingnews.com)
- Carbonite, Inc. (CARB) Expected to Announce Quarterly Sales of $63.61 Million (americanbankingnews.com)
- ETFs with exposure to Carbonite, Inc. : November 7, 2017 (finance.yahoo.com)
Shares of Carbonite (CARB) traded down $0.05 during mid-day trading on Friday, hitting $22.30. The stock had a trading volume of 265,000 shares, compared to its average volume of 393,017. The firm has a market cap of $624.62, a PE ratio of 93.13, a PEG ratio of 2.30 and a beta of 0.33. The company has a current ratio of 1.12, a quick ratio of 1.21 and a debt-to-equity ratio of 3.12. Carbonite has a fifty-two week low of $15.04 and a fifty-two week high of $27.00.
Carbonite (NASDAQ:CARB) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $61.60 million during the quarter, compared to analysts’ expectations of $61.49 million. Carbonite had a positive return on equity of 32.85% and a negative net margin of 1.32%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. research analysts expect that Carbonite will post 0.39 EPS for the current year.
Several research analysts recently weighed in on CARB shares. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $30.00 target price on shares of Carbonite in a research note on Thursday, September 21st. Rosenblatt Securities started coverage on Carbonite in a research note on Monday, September 18th. They set a “buy” rating and a $28.00 target price on the stock. B. Riley reiterated a “buy” rating and set a $26.00 price target on shares of Carbonite in a research note on Monday, August 7th. TheStreet upgraded Carbonite from a “d+” rating to a “c+” rating in a research note on Friday, August 4th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $27.00 price target (up previously from $26.00) on shares of Carbonite in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $27.71.
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In related news, SVP Paul S. Mellinger sold 7,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $22.10, for a total value of $165,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cassandra Hudson sold 1,563 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $22.05, for a total value of $34,464.15. The disclosure for this sale can be found here. Insiders sold a total of 28,937 shares of company stock valued at $626,011 in the last ninety days. 12.20% of the stock is currently owned by insiders.
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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