Carbonite (NASDAQ:CARB) traded down 0.613% during mid-day trading on Thursday, reaching $20.275. 705,596 shares of the company’s stock traded hands. Carbonite has a 52 week low of $6.50 and a 52 week high of $21.30. The stock’s market capitalization is $552.66 million. The stock’s 50 day moving average is $17.23 and its 200-day moving average is $15.86.
Carbonite, Inc. (NASDAQ:CARB) issued its quarterly earnings data on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Carbonite had a negative net margin of 4.26% and a negative return on equity of 699.63%. The firm had revenue of $53.50 million for the quarter, compared to the consensus estimate of $50.97 million. During the same quarter in the previous year, the firm earned $0.13 EPS. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. Carbonite updated its Q1 guidance to $0.06-0.08 EPS and its FY16 guidance to $0.72-0.80 EPS.
CARB has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Carbonite from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 4th. B. Riley reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Carbonite in a research report on Saturday, November 5th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Carbonite in a research report on Monday, November 21st. Finally, TheStreet raised shares of Carbonite from a “sell” rating to a “hold” rating in a research report on Friday, November 4th.
In other news, insider Cassandra Hudson sold 7,846 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $18.53, for a total transaction of $145,386.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Anthony Folger sold 1,563 shares of the stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $19.01, for a total transaction of $29,712.63. The disclosure for this sale can be found here. Insiders have sold 432,949 shares of company stock worth $7,860,018 in the last three months. Corporate insiders own 15.80% of the company’s stock.
Carbonite Company Profile
Carbonite, Inc (Carbonite) is a provider of cloud and business continuity solutions. The Company’s solutions are designed to address the specific needs of small and medium sized businesses and individuals. It offers various solutions, such as Carbonite Personal, Carbonite Pro, Carbonite Server Backup and MailStore.