Carbonite (CARB) Issues FY18 Earnings Guidance

Carbonite (NASDAQ:CARB) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.45-1.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01. The company issued revenue guidance of $294.0-304.0 million, compared to the consensus revenue estimate of $267.76 million.Carbonite also updated its Q1 guidance to $0.20-0.24 EPS.

Several equities analysts have weighed in on CARB shares. BidaskClub cut Carbonite from a hold rating to a sell rating in a report on Tuesday. JMP Securities started coverage on Carbonite in a report on Tuesday, October 17th. They set an outperform rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $27.71.

Carbonite (NASDAQ:CARB) traded up $0.55 during midday trading on Tuesday, reaching $21.70. The company’s stock had a trading volume of 910,174 shares, compared to its average volume of 238,626. The stock has a market cap of $602.26, a PE ratio of -192.27, a PEG ratio of 1.72 and a beta of 0.33. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.12 and a quick ratio of 1.12. Carbonite has a fifty-two week low of $18.20 and a fifty-two week high of $27.00.

In other Carbonite news, insider Cassandra Hudson sold 9,410 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $23.85, for a total transaction of $224,428.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Anthony Folger sold 7,992 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $23.45, for a total value of $187,412.40. The disclosure for this sale can be found here. Insiders have sold a total of 44,137 shares of company stock valued at $1,049,573 in the last 90 days. 12.20% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Carbonite (CARB) Issues FY18 Earnings Guidance” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at

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.

Receive News & Ratings for Carbonite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbonite and related companies with's FREE daily email newsletter.

Leave a Reply