$0.11 EPS Expected for Carbonite, Inc. (CARB)

April 8, 2018 - By Richard Conner

Carbonite, Inc. (NASDAQ:CARB) LogoInvestors sentiment is 1.08 in 2017 Q4. Its the same as in 2017Q3. It has no change, as 17 investors sold Carbonite, Inc. shares while 42 reduced holdings. only 26 funds opened positions while 38 raised stakes. 24.93 million shares or 1.89% more from 24.47 million shares in 2017Q3 were reported.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 451 shares or 0% of its portfolio. Ameriprise Financial Inc invested in 98,754 shares or 0% of the stock. Millrace Asset Grp holds 150,736 shares or 3.63% of its portfolio. New York-based D E Shaw And Incorporated has invested 0.01% in Carbonite, Inc. (NASDAQ:CARB). Ami Asset Corporation has invested 0.89% of its portfolio in Carbonite, Inc. (NASDAQ:CARB). Falcon Point Capital Ltd Liability Corporation holds 51,413 shares. Moreover, American Group has 0% invested in Carbonite, Inc. (NASDAQ:CARB) for 16,924 shares. White Pine Capital Llc, a Minnesota-based fund reported 25,380 shares. Arrowstreet Partnership holds 0% or 47,349 shares. Hanseatic Mgmt Svcs reported 50 shares or 0% of all its holdings. Granahan Inv Mngmt Ma reported 406,797 shares. Atlantic Tru Group Ltd Com has 58,895 shares for 0.01% of their portfolio. Zacks Investment Mgmt has 0.05% invested in Carbonite, Inc. (NASDAQ:CARB) for 98,104 shares. 16,502 were accumulated by Los Angeles Cap Management Equity Research. Lpl Fincl Lc accumulated 26,000 shares or 0% of the stock.

Since December 11, 2017, it had 0 buys, and 14 selling transactions for $1.60 million activity. $11,989 worth of stock was sold by SHEER DANIELLE on Tuesday, December 12. Another trade for 1,135 shares valued at $26,900 was made by Mellinger Paul S. on Friday, February 2. 9,119 shares valued at $279,406 were sold by FOLGER ANTHONY on Monday, March 19. $46,269 worth of Carbonite, Inc. (NASDAQ:CARB) shares were sold by Mohan Deepak. The insider HUDSON CASSANDRA sold 9,410 shares worth $224,393. KRASNOW TODD also sold $231,600 worth of Carbonite, Inc. (NASDAQ:CARB) shares.

Analysts expect Carbonite, Inc. (NASDAQ:CARB) to report $0.11 EPS on May, 3.They anticipate $0.08 EPS change or 266.67 % from last quarter’s $0.03 EPS. CARB’s profit would be $3.14M giving it 65.34 P/E if the $0.11 EPS is correct. After having $0.18 EPS previously, Carbonite, Inc.’s analysts see -38.89 % EPS growth. The stock decreased 1.03% or $0.3 during the last trading session, reaching $28.75. About 155,314 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 44.44% since April 8, 2017 and is uptrending. It has outperformed by 32.89% the S&P500.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

Among 4 analysts covering Carbonite Inc (NASDAQ:CARB), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Carbonite Inc had 7 analyst reports since October 17, 2017 according to SRatingsIntel. The rating was maintained by JMP Securities on Monday, November 27 with “Buy”. The stock has “Buy” rating by Rosenblatt on Wednesday, December 13. On Tuesday, October 17 the stock rating was initiated by JMP Securities with “Buy”. As per Friday, November 3, the company rating was maintained by Northland Capital. On Wednesday, February 14 the stock rating was maintained by Northland Capital with “Hold”.

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 $820.77 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.

Carbonite, Inc. (NASDAQ:CARB) Institutional Positions Chart

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