Carbonite, Inc. (CARB) SVP Sells $49,329.60 in Stock
Carbonite, Inc. (NASDAQ:CARB) SVP Norman Guadagno sold 1,912 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $25.80, for a total transaction of $49,329.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Carbonite, Inc. (NASDAQ CARB) traded down $0.30 during trading on Tuesday, reaching $25.70. 216,405 shares of the company were exchanged, compared to its average volume of 191,070. The stock has a market capitalization of $728.03, a P/E ratio of -214.17, a price-to-earnings-growth ratio of 2.08 and a beta of 0.37. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.12. Carbonite, Inc. has a 52 week low of $15.90 and a 52 week high of $27.00.
Carbonite (NASDAQ:CARB) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The company 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%. Carbonite’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. sell-side analysts anticipate that Carbonite, Inc. will post 0.39 EPS for the current year.
Several research firms have recently commented on CARB. JMP Securities began coverage on shares of Carbonite in a report on Tuesday, October 17th. They issued an “outperform” rating and a $30.00 target price on the stock. Oppenheimer reissued a “buy” rating and issued a $30.00 target price on shares of Carbonite in a report on Thursday, September 21st. BidaskClub raised shares of Carbonite from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, Rosenblatt Securities began coverage on shares of Carbonite in a research note on Monday, September 18th. They set a “buy” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.71.
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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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