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Shares of Carbonite (NASDAQ:CARB) hit a new 52-week low on Tuesday, AR Network reports. The company traded as low as $9.50 and last traded at $9.56, with a volume of 207,687 shares trading hands. The stock had previously closed at $9.78.

A number of analysts have recently weighed in on CARB shares. Analysts at Northland Capital Partners cut their price target on shares of Carbonite from $17.00 to $13.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Analysts at Canaccord Genuity downgraded shares of Carbonite from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 30th. They now have a $10.50 price target on the stock, down previously from $17.00. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.99.

Carbonite has a 52-week low of $9.54 and a 52-week high of $16.50. The stock’s 50-day moving average is $11.87 and its 200-day moving average is $13.26. The company’s market cap is $252.0 million.

Carbonite (NASDAQ:CARB) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.09. The company had revenue of $28.80 million for the quarter, compared to the consensus estimate of $28.40 million. Analysts expect that Carbonite will post $-0.13 EPS 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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