EPS for Carbonite, Inc. (CARB) Expected At $0.19

January 8, 2018 - By Vivian Park

 EPS for Carbonite, Inc. (CARB) Expected At $0.19
Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.28, from 1.36 in 2017Q2. It turned negative, 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.
Sentinel Asset Mgmt holds 0.37% of its portfolio in Carbonite, Inc. (NASDAQ:CARB) for 711,690 shares. Brown Advisory owns 15,614 shares or 0% of their US portfolio. Alliancebernstein Lp owns 19,050 shares. Northpointe Cap Ltd Llc reported 1.43% in Carbonite, Inc. (NASDAQ:CARB). Argent Limited Liability Corporation owns 0.23% invested in Carbonite, Inc. (NASDAQ:CARB) for 265,000 shares. Summit Creek Advisors Limited Com has 2.41% invested in Carbonite, Inc. (NASDAQ:CARB) for 557,292 shares. Moreover, D E Shaw Inc has 0.01% invested in Carbonite, Inc. (NASDAQ:CARB). Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in Carbonite, Inc. (NASDAQ:CARB) for 451 shares. California Public Employees Retirement holds 84,650 shares or 0% of its portfolio. Switzerland-based Swiss Bancshares has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Aperio Lc, California-based fund reported 18,458 shares. Ubs Asset Management Americas Inc holds 11,500 shares or 0% of its portfolio. Punch & Associate Investment Mngmt Inc stated it has 326,694 shares or 0.64% of all its holdings. Cypress Cap Mgmt Ltd Com (Wy) stated it has 1,530 shares or 0.04% of all its holdings. Minnesota-based Ameriprise Financial has invested 0% in Carbonite, Inc. (NASDAQ:CARB).

Since August 7, 2017, it had 0 insider buys, and 11 insider sales for $1.04 million activity. On Tuesday, September 26 the insider FOLGER ANTHONY sold $154,425. 4,810 shares valued at $104,137 were sold by SHEER DANIELLE on Monday, August 7. $53,887 worth of stock was sold by Guadagno Norman on Monday, August 7. Mellinger Paul S. sold $157,815 worth of stock or 7,500 shares. 1,563 Carbonite, Inc. (NASDAQ:CARB) shares with value of $34,464 were sold by HUDSON CASSANDRA.

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 33.68 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 decreased 0.58% or $0.15 during the last trading session, reaching $25.6. About 193,105 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 113.73% since January 8, 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 firm earned “Hold” rating on Friday, November 3 by Northland Capital. As per Friday, August 4, the company rating was maintained by Oppenheimer. The firm has “Sell” rating by Zacks given on Monday, September 21. The firm has “Buy” rating by Lake Street given on Tuesday, February 28. B. Riley & Co initiated the stock with “Buy” rating in Friday, June 10 report. As per Friday, August 4, the company rating was maintained by Barclays Capital. The rating was maintained by Northland Capital on Wednesday, September 20 with “Hold”. On Tuesday, October 17 the stock rating was initiated by JMP Securities with “Buy”. The firm earned “Outperform” rating on Tuesday, October 11 by Oppenheimer. The rating was maintained by JMP Securities with “Buy” on Monday, November 27.

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 $715.45 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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