Analysts See $0.19 EPS for Carbonite, Inc. (CARB)

January 22, 2018 - By Clifton Ray

 Analysts See $0.19 EPS for Carbonite, Inc. (CARB)
Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.28, from 1.36 in 2017Q2. It turned negative, as 30 investors sold Carbonite, Inc. shares while 35 reduced holdings. 23 funds opened positions while 47 raised stakes. 24.47 million shares or 2.34% more from 23.91 million shares in 2017Q2 were reported.
Crosslink holds 4.9% of its portfolio in Carbonite, Inc. (NASDAQ:CARB) for 1.31 million shares. Bnp Paribas Arbitrage Sa reported 2,255 shares. King Luther Cap Mgmt owns 19,000 shares or 0% of their US portfolio. Tiaa Cref Invest Mgmt has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Qs Investors Lc reported 104,567 shares. Lenox Wealth Advsr Inc has 0% invested in Carbonite, Inc. (NASDAQ:CARB) for 112 shares. Oppenheimer Asset Inc stated it has 0% in Carbonite, Inc. (NASDAQ:CARB). Atlantic Group Llc reported 37,240 shares or 0% of all its holdings. Pacad Investment Limited reported 500 shares. Barclays Public Limited Company invested in 13,372 shares. Peak6 Invests Lp reported 10,718 shares stake. Pembroke Mngmt has invested 2.68% in Carbonite, Inc. (NASDAQ:CARB). Ami Asset Management owns 523,942 shares or 0.82% of their US portfolio. 339,576 are owned by Northern Trust. Deutsche Bancorporation Ag accumulated 30,645 shares.

Since August 7, 2017, it had 0 insider buys, and 13 insider sales for $1.14 million activity. On Monday, December 11 KRASNOW TODD sold $231,600 worth of Carbonite, Inc. (NASDAQ:CARB) or 10,000 shares. Guadagno Norman had sold 2,489 shares worth $53,887. Mellinger Paul S. sold $157,815 worth of stock or 7,500 shares. 4,810 shares valued at $104,137 were sold by SHEER DANIELLE on Monday, August 7. HUDSON CASSANDRA also sold $34,464 worth of Carbonite, Inc. (NASDAQ:CARB) shares.

Analysts expect Carbonite, Inc. (NASDAQ:CARB) to report $0.19 EPS on February, 8.They anticipate $0.15 EPS change or 375.00 % from last quarter’s $0.04 EPS. CARB’s profit would be $5.31 million giving it 33.88 P/E if the $0.19 EPS is correct. After having $0.13 EPS previously, Carbonite, Inc.’s analysts see 46.15 % EPS growth. It closed at $25.75 lastly. It is down 113.73% since January 22, 2017 and is uptrending. It has outperformed by 97.03% the S&P500.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

Among 9 analysts covering Carbonite (NASDAQ:CARB), 5 have Buy rating, 2 Sell and 2 Hold. Therefore 56% are positive. Carbonite has $31.0 highest and $8 lowest target. $23’s average target is -10.68% below currents $25.75 stock price. Carbonite had 14 analyst reports since September 21, 2015 according to SRatingsIntel. As per Tuesday, February 28, the company rating was maintained by Lake Street. The rating was maintained by JMP Securities on Monday, November 27 with “Buy”. The company was maintained on Friday, November 3 by Northland Capital. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Equal-Weight” rating given on Friday, August 4 by Barclays Capital. The firm has “Buy” rating by Rosenblatt given on Wednesday, December 13. B. Riley & Co initiated it with “Buy” rating and $15 target in Friday, June 10 report. JMP Securities initiated it with “Buy” rating and $30.0 target in Tuesday, October 17 report. The firm earned “Sell” rating on Monday, September 21 by Zacks. The firm has “Hold” rating given on Wednesday, September 20 by Northland Capital. Oppenheimer upgraded Carbonite, Inc. (NASDAQ:CARB) on Tuesday, October 11 to “Outperform” rating.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States. The company has market cap of $719.64 million. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It currently has negative earnings. The company??s solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

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