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Carbonite (NASDAQ:CARB) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.

Shares of Carbonite (NASDAQ:CARB) traded down 0.77% during mid-day trading on Tuesday, hitting $10.34. The stock had a trading volume of 434,243 shares. Carbonite has a 52-week low of $9.07 and a 52-week high of $16.50. The stock has a 50-day moving average of $11.64 and a 200-day moving average of $13.13. The company’s market cap is $273.9 million.

Carbonite (NASDAQ:CARB) last announced its 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. On average, analysts predict that Carbonite will post $-0.13 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Carbonite from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 5th. They now have a $10.50 price target on the stock. Separately, analysts at Northland Capital Partners cut their price target on shares of Carbonite from $17.00 to $13.00 in a research note on Friday, January 31st. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Carbonite from a “buy” rating to a “hold” rating in a research note 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 issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.67.

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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