News articles about Carbonite (NASDAQ:CARB) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Carbonite earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.8493009998373 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
Shares of Carbonite (CARB) traded up $0.45 during mid-day trading on Friday, reaching $23.25. 145,000 shares of the company’s stock traded hands, compared to its average volume of 384,663. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.12. The firm has a market cap of $637.20, a P/E ratio of 95.00, a P/E/G ratio of 2.31 and a beta of 0.38. Carbonite has a 52-week low of $15.04 and a 52-week high of $27.00.
Carbonite (NASDAQ:CARB) last announced its earnings results on Thursday, November 2nd. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $61.60 million for the quarter, compared to the consensus estimate of $61.49 million. Carbonite had a negative net margin of 1.32% and a positive return on equity of 32.85%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. sell-side analysts forecast that Carbonite will post 0.39 earnings per share for the current year.
Several brokerages have commented on CARB. JMP Securities began coverage on shares of Carbonite in a report on Tuesday, October 17th. They set an “outperform” rating and a $30.00 target price on the stock. Oppenheimer restated a “buy” rating and set a $30.00 target price on shares of Carbonite in a report on Thursday, September 21st. Rosenblatt Securities began coverage on shares of Carbonite in a report on Monday, September 18th. They set a “buy” rating and a $28.00 target price on the stock. Finally, BidaskClub downgraded shares of Carbonite from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $27.71.
In other news, insider Cassandra Hudson sold 1,563 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $22.05, for a total transaction of $34,464.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony Folger sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $20.59, for a total transaction of $154,425.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,928 shares of company stock valued at $818,387 over the last ninety days. Company insiders own 12.20% of the company’s stock.
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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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