Carbonite Inc. Hits New 52-Week High at $16.01 (CARB)
Shares of Carbonite (NASDAQ:CARB) hit a new 52-week high during trading hours on Wednesday, American Banking and Market News reports. The company traded as high as $16.01 and last traded at $16.00, with a volume of 186,767 shares trading hands. The stock had previously closed at $15.62.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Carbonite (NASDAQ:CARB) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 6th. They now have a $14.10 price target on the stock. Separately, analysts at Northland Capital Partners upgraded shares of Carbonite (NASDAQ:CARB) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, August 1st. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Carbonite (NASDAQ:CARB) from $13.00 to $16.00 in a research note to investors on Thursday, August 1st. They now have an “overweight” rating on the stock.
Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $15.16.
In other Carbonite news, Director Jeffry Flowers sold 167,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.95, for a total transaction of $2,496,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Carbonite has a one year low of $5.75 and a one year high of $15.88. The stock’s 50-day moving average is $13.9 and its 200-day moving average is $11.8. The company’s market cap is $431.5 million.
Carbonite (NASDAQ:CARB) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.09. The company had revenue of $26.20 million for the quarter, compared to the consensus estimate of $25.81 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up 29.7% on a year-over-year basis. On average, analysts predict that Carbonite will post $-0.34 earnings per share for the current fiscal year.
Carbonite, Inc (NASDAQ:CARB) focuses on the development and marketing of personal computer backup software that enables users to backup, access, and restore data files online.
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