Carbonite, Inc. (NASDAQ:CARB) SVP Norman Guadagno sold 1,912 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $25.80, for a total value of $49,329.60. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Carbonite, Inc. (NASDAQ CARB) opened at $26.00 on Thursday. The stock has a market capitalization of $718.24, a price-to-earnings ratio of -236.36, a P/E/G ratio of 2.06 and a beta of 0.37. Carbonite, Inc. has a 52-week low of $15.90 and a 52-week high of $27.00. 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 (NASDAQ:CARB) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $61.60 million during the quarter, compared to the consensus estimate of $61.49 million. Carbonite had a positive return on equity of 32.85% and a negative net margin of 1.32%. Carbonite’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. analysts anticipate that Carbonite, Inc. will post 0.39 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Summit Creek Advisors LLC lifted its position in Carbonite by 10.1% in the fourth quarter. Summit Creek Advisors LLC now owns 613,577 shares of the technology company’s stock worth $15,401,000 after buying an additional 56,285 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Carbonite by 71.2% in the third quarter. Public Employees Retirement System of Ohio now owns 256,869 shares of the technology company’s stock worth $5,651,000 after buying an additional 106,869 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Carbonite by 167.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,370 shares of the technology company’s stock worth $162,000 after buying an additional 4,612 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Carbonite by 62.9% in the third quarter. Allianz Asset Management GmbH now owns 271,349 shares of the technology company’s stock worth $5,970,000 after buying an additional 104,761 shares during the last quarter. Finally, King Luther Capital Management Corp bought a new stake in Carbonite in the third quarter worth $418,000. Institutional investors own 94.21% of the company’s stock.
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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