Carbonite Inc (NASDAQ:CARB) SVP Deepak Mohan sold 1,601 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.90, for a total transaction of $46,268.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Carbonite Inc (NASDAQ:CARB) opened at $29.00 on Tuesday. The company has a market cap of $810.47, a P/E ratio of -193.33, a P/E/G ratio of 0.73 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 Inc has a 1 year low of $18.20 and a 1 year high of $30.65.
Carbonite (NASDAQ:CARB) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $61.69 million during the quarter, compared to analyst estimates of $63.72 million. Carbonite had a negative net margin of 1.67% and a positive return on equity of 42.21%. research analysts anticipate that Carbonite Inc will post 1 earnings per share for the current fiscal year.
Several analysts have commented on CARB shares. BidaskClub raised shares of Carbonite from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Lake Street Capital reissued a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Carbonite in a research report on Wednesday, February 14th. TheStreet lowered shares of Carbonite from a “c+” rating to a “d” rating in a research report on Tuesday, February 13th. Finally, B. Riley increased their price target on shares of Carbonite from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $29.86.
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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.
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