Carbonite, Inc. (CARB) Analysts See $0.24 EPS

July 11, 2018 - By Mark Babin

Carbonite, Inc. (NASDAQ:CARB) LogoInvestors sentiment increased to 1.09 in 2018 Q1. Its up 0.01, from 1.08 in 2017Q4. It is positive, as 16 investors sold Carbonite, Inc. shares while 48 reduced holdings. 26 funds opened positions while 44 raised stakes. 23.98 million shares or 3.81% less from 24.93 million shares in 2017Q4 were reported.
Arrowmark Colorado Holdg Ltd Liability reported 1.46M shares. Renaissance Technologies Ltd Llc, a New York-based fund reported 1.71M shares. 14,000 are held by Gabelli Funds Limited Liability Com. Avalon Advisors Lc accumulated 75,231 shares. Northpointe Capital Ltd Llc invested in 270,556 shares or 0.98% of the stock. Prudential has 40,259 shares. New York-based New York State Common Retirement Fund has invested 0.01% in Carbonite, Inc. (NASDAQ:CARB). Morgan Stanley stated it has 72,365 shares or 0% of all its holdings. Ubs Asset Mgmt Americas has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Ameritas Partners reported 2,169 shares. Sei holds 3,572 shares. Voya Management Limited Liability reported 0% in Carbonite, Inc. (NASDAQ:CARB). 117,315 are owned by King Luther Mngmt. Oppenheimer holds 0.01% or 12,923 shares. Wells Fargo And Mn accumulated 0% or 38,733 shares.

Since January 12, 2018, it had 0 buys, and 20 sales for $2.96 million activity. Another trade for 13,834 shares valued at $426,917 was made by Guadagno Norman on Friday, March 16. FOLGER ANTHONY sold $58,255 worth of stock. Mohan Deepak also sold $106,326 worth of Carbonite, Inc. (NASDAQ:CARB) on Wednesday, May 2. Mellinger Paul S. sold 1,135 shares worth $26,900. Another trade for 325 shares valued at $12,756 was sold by SHEER DANIELLE. Levinson Marina sold $152,929 worth of stock.

Analysts expect Carbonite, Inc. (NASDAQ:CARB) to report $0.24 EPS on August, 2.They anticipate $0.20 EPS change or 500.00 % from last quarter’s $0.04 EPS. CARB’s profit would be $6.86 million giving it 38.39 P/E if the $0.24 EPS is correct. After having $0.17 EPS previously, Carbonite, Inc.’s analysts see 41.18 % EPS growth. It closed at $36.85 lastly. It is down 92.47% since July 12, 2017 and is uptrending. It has outperformed by 79.90% the S&P500.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

Among 6 analysts covering Carbonite Inc (NASDAQ:CARB), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Carbonite Inc had 7 analyst reports since February 12, 2018 according to SRatingsIntel. JMP Securities maintained the shares of CARB in report on Friday, April 27 with “Market Outperform” rating. As per Tuesday, May 8, the company rating was maintained by Craig Hallum. FBR Capital maintained Carbonite, Inc. (NASDAQ:CARB) on Tuesday, May 8 with “Buy” rating. Northland Capital maintained Carbonite, Inc. (NASDAQ:CARB) on Wednesday, February 14 with “Hold” rating. The firm earned “Outperform” rating on Tuesday, May 8 by Oppenheimer.

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 $1.05 billion. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It has a 3070.83 P/E ratio. 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.

More news for Carbonite, Inc. (NASDAQ:CARB) were recently published by: Investingnews.com, which released: “3 Cybersecurity ETFs for Investors” on June 14, 2018. Seekingalpha.com‘s article titled: “Gilead Sciences Is Too Cheap To Ignore – Cramer’s Lightning Round (6/22/18)” and published on June 25, 2018 is yet another important article.

Carbonite, Inc. (NASDAQ:CARB) Institutional Positions Chart

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