Analysts See $0.19 EPS for Carbonite, Inc. (CARB)

January 13, 2018 - By Hazel Jackson

 Analysts See $0.19 EPS for Carbonite, Inc. (CARB)
Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.28, from 1.36 in 2017Q2. It fall, as 30 investors sold Carbonite, Inc. shares while 35 reduced holdings. 23 funds opened positions while 47 raised stakes. 24.47 million shares or 2.34% more from 23.91 million shares in 2017Q2 were reported.
White Pine Lc owns 25,530 shares. Schroder Investment invested in 256,853 shares or 0.01% of the stock. Lenox Wealth Advisors stated it has 0% in Carbonite, Inc. (NASDAQ:CARB). 12,470 were accumulated by Alphaone Invest Service Llc. Moreover, Aqr Capital Mngmt Ltd Liability has 0% invested in Carbonite, Inc. (NASDAQ:CARB) for 38,413 shares. 7,370 are held by Oppenheimer Asset Inc. Timessquare Cap Mgmt Llc holds 0.11% or 726,300 shares. Retail Bank Of Ny Mellon Corporation owns 229,325 shares or 0% of their US portfolio. Goldman Sachs Grp Incorporated accumulated 18,401 shares. Metropolitan Life Insur Ny has 0% invested in Carbonite, Inc. (NASDAQ:CARB). Renaissance Technology Limited Liability Co owns 0.05% invested in Carbonite, Inc. (NASDAQ:CARB) for 1.86M shares. Invesco Ltd has 0% invested in Carbonite, Inc. (NASDAQ:CARB). Elk Creek Ptnrs reported 0.49% of its portfolio in Carbonite, Inc. (NASDAQ:CARB). Great West Life Assurance Can has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Rhumbline Advisers invested in 0% or 27,533 shares.

Since August 7, 2017, it had 0 insider purchases, and 12 sales for $1.09 million activity. $50,052 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by Mellinger Paul S. on Friday, January 5. 10,000 shares valued at $231,600 were sold by KRASNOW TODD on Monday, December 11. $154,425 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by FOLGER ANTHONY. Shares for $53,887 were sold by Guadagno Norman. $34,464 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by HUDSON CASSANDRA on Friday, September 29.

Analysts expect Carbonite, Inc. (NASDAQ:CARB) to report $0.19 EPS on February, 8.They anticipate $0.15 EPS change or 375.00 % from last quarter’s $0.04 EPS. CARB’s profit would be $5.31 million giving it 34.21 P/E if the $0.19 EPS is correct. After having $0.13 EPS previously, Carbonite, Inc.’s analysts see 46.15 % EPS growth. The stock increased 0.39% or $0.1 during the last trading session, reaching $26. About 146,783 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 113.73% since January 13, 2017 and is uptrending. It has outperformed by 97.03% the S&P500.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

Among 9 analysts covering Carbonite (NASDAQ:CARB), 5 have Buy rating, 2 Sell and 2 Hold. Therefore 56% are positive. Carbonite had 14 analyst reports since September 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Northland Capital on Friday, November 3. Zacks downgraded Carbonite, Inc. (NASDAQ:CARB) on Monday, September 21 to “Sell” rating. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Hold” rating given on Wednesday, September 20 by Northland Capital. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, August 4 report. JMP Securities maintained the stock with “Buy” rating in Monday, November 27 report. The rating was maintained by Rosenblatt on Wednesday, December 13 with “Buy”. As per Tuesday, October 11, the company rating was upgraded by Oppenheimer. Lake Street maintained it with “Buy” rating and $23 target in Tuesday, February 28 report. Oppenheimer maintained the stock with “Buy” rating in Friday, August 4 report. The stock of Carbonite, Inc. (NASDAQ:CARB) earned “Buy” rating by B. Riley & Co on Friday, June 10.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States. The company has market cap of $726.63 million. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It currently has negative earnings. The company??s solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

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