Carbonite (CARB) Issues FY18 Earnings Guidance
Carbonite (NASDAQ:CARB) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.45-1.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01. The company issued revenue guidance of $294.0-304.0 million, compared to the consensus revenue estimate of $267.76 million.Carbonite also updated its Q1 guidance to $0.20-0.24 EPS.
Several research firms have weighed in on CARB. BidaskClub cut shares of Carbonite from a hold rating to a sell rating in a report on Tuesday. JMP Securities began coverage on shares of Carbonite in a report on Tuesday, October 17th. They issued an outperform rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Carbonite currently has an average rating of Buy and a consensus price target of $27.71.
Carbonite (NASDAQ:CARB) traded up $0.55 during trading on Tuesday, reaching $21.70. 913,847 shares of the company’s stock traded hands, compared to its average volume of 238,748. The company has a market cap of $602.26, a PE ratio of -192.27, a P/E/G ratio of 1.72 and a beta of 0.33. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.12 and a current ratio of 1.12. Carbonite has a 52-week low of $18.20 and a 52-week high of $27.00.
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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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