Carbonite (NASDAQ:CARB) Receives News Sentiment Score of 0.09
Media headlines about Carbonite (NASDAQ:CARB) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carbonite earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.6250490158168 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Wasabi Technologies takes on Amazon S3 on price, performance (searchcloudstorage.techtarget.com)
- Carbonite, Inc. breached its 50 day moving average in a Bearish Manner : CARB-US : August 7, 2017 (finance.yahoo.com)
- Climate Change Will Bring 50-Fold Rise in Europe Weather-related Deaths (fishinghd.com)
- Carbonite, Inc. (NASDAQ:CARB) Price Target Raised to $27.00 (americanbankingnews.com)
- Brokerages Anticipate Carbonite, Inc. (NASDAQ:CARB) Will Announce Quarterly Sales of $60.71 Million (americanbankingnews.com)
CARB has been the subject of several analyst reports. Barclays PLC initiated coverage on shares of Carbonite in a research note on Monday, June 26th. They issued an “equal weight” rating and a $26.00 price objective for the company. BidaskClub upgraded shares of Carbonite from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of Carbonite in a research note on Monday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $24.43.
Carbonite (CARB) traded up 4.49% during trading on Monday, reaching $22.10. 577,908 shares of the company’s stock traded hands. The stock has a market cap of $607.57 million, a price-to-earnings ratio of 73.42 and a beta of 0.13. The company’s 50 day moving average is $22.63 and its 200-day moving average is $20.34. Carbonite has a 52-week low of $12.56 and a 52-week high of $24.60.
Carbonite (NASDAQ:CARB) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Carbonite had a negative net margin of 10.81% and a negative return on equity of 114.49%. The firm had revenue of $59 million for the quarter, compared to the consensus estimate of $59.97 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts anticipate that Carbonite will post $0.76 earnings per share for the current fiscal year.
In other news, SVP Paul S. Mellinger sold 7,500 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $21.04, for a total value of $157,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Anthony Folger sold 6,876 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $18.84, for a total transaction of $129,543.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,262 shares of company stock worth $1,187,382. Insiders own 12.20% of the company’s stock.
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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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