Carbonite (CARB) Given News Impact Rating of 0.30
News headlines about Carbonite (NASDAQ:CARB) have been trending positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carbonite earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.299352546597 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
- Insider Selling: Carbonite Inc (CARB) CFO Sells 9,119 Shares of Stock (americanbankingnews.com)
- Top Ranked Growth Stocks to Buy for March 21st (zacks.com)
- Carbonite (CARB) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- Data storage beyond the clouds: Wasabi promises a super-secure system in space (msn.com)
- Carbonite Stock Owner Insight (investing.com)
Carbonite (NASDAQ:CARB) opened at $28.35 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.18 and a quick ratio of 1.18. Carbonite has a 52-week low of $18.20 and a 52-week high of $33.55. The firm has a market capitalization of $839.89, a PE ratio of -188.99, a price-to-earnings-growth ratio of 0.74 and a beta of 0.22.
Several brokerages have weighed in on CARB. BidaskClub raised Carbonite from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Zacks Investment Research raised Carbonite from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday. B. Riley upped their target price on Carbonite from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Lake Street Capital reaffirmed a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Carbonite in a research report on Wednesday, February 14th. Finally, TheStreet lowered Carbonite from a “c+” rating to a “d” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Carbonite has an average rating of “Buy” and a consensus target price of $30.29.
In other news, CFO Anthony Folger sold 9,119 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $30.64, for a total transaction of $279,406.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Cassandra Hudson sold 5,252 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $24.06, for a total value of $126,363.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,101 shares of company stock worth $1,814,183. 12.20% of the stock is currently owned by insiders.
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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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