Were Analysts Bullish Carbonite, Inc. (NASDAQ:CARB) This Week?

November 10, 2018 - By Hannah Black

Carbonite, Inc. (NASDAQ:CARB) LogoInvestors sentiment decreased to 0.97 in 2018 Q2. Its down 0.12, from 1.09 in 2018Q1. It dropped, as 12 investors sold Carbonite, Inc. shares while 57 reduced holdings. 30 funds opened positions while 37 raised stakes. 25.35 million shares or 5.71% more from 23.98 million shares in 2018Q1 were reported.
Numerixs Inv Technologies holds 0.05% or 6,400 shares in its portfolio. Metropolitan Life Insur has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Gabelli Funds Llc holds 14,000 shares. Cypress Cap Management Lc (Wy) holds 1,150 shares. Alphaone Inv Ltd Co has 1.29% invested in Carbonite, Inc. (NASDAQ:CARB). Renaissance Technologies Limited Liability Co accumulated 1.71 million shares. Walleye Trading Ltd Liability Company stated it has 0% of its portfolio in Carbonite, Inc. (NASDAQ:CARB). Piedmont Inv Advsrs Ltd Liability Com has 0% invested in Carbonite, Inc. (NASDAQ:CARB). Federated Pa holds 0% of its portfolio in Carbonite, Inc. (NASDAQ:CARB) for 423 shares. Bainco Intll holds 47,631 shares or 0.24% of its portfolio. Paw Capital holds 90,000 shares. Goldman Sachs Group Incorporated holds 0% or 48,494 shares. Ami Asset Mngmt Corp reported 0.88% stake. Moreover, Northpointe Capital Limited Liability Com has 0.37% invested in Carbonite, Inc. (NASDAQ:CARB) for 79,972 shares. Sheets Smith Wealth Management stated it has 9,175 shares or 0.07% of all its holdings.

Since May 31, 2018, it had 0 insider buys, and 18 sales for $29.14 million activity. 1,419 Carbonite, Inc. (NASDAQ:CARB) shares with value of $49,026 were sold by HUDSON CASSANDRA. SHEER DANIELLE also sold $625,391 worth of Carbonite, Inc. (NASDAQ:CARB) shares. 573 Carbonite, Inc. (NASDAQ:CARB) shares with value of $23,837 were sold by Mohan Deepak. 12,402 Carbonite, Inc. (NASDAQ:CARB) shares with value of $508,836 were sold by Guadagno Norman. FRIEND DAVID had sold 698,080 shares worth $26.18 million on Monday, July 23. Mellinger Paul S. sold 3,515 shares worth $148,333.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

Among 5 analysts covering Carbonite (NASDAQ:CARB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Carbonite had 6 analyst reports since July 12, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, July 12 report. The rating was downgraded by Oppenheimer to “Perform” on Friday, November 2. The stock of Carbonite, Inc. (NASDAQ:CARB) earned “Equal-Weight” rating by Barclays Capital on Tuesday, July 24. Below is a list of Carbonite, Inc. (NASDAQ:CARB) latest ratings and price target changes.

02/11/2018 Broker: Oppenheimer Old Rating: Outperform New Rating: Perform Downgrade
12/10/2018 Broker: Jefferies Rating: Buy New Target: $45 Initiates Coverage On
05/10/2018 Broker: RBC Capital Markets Rating: Outperform New Target: $42 Initiates Coverage On
20/08/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $44 Initiates Coverage On
24/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $38 New Target: $41 Maintain
12/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $34 New Target: $38 Maintain

The stock decreased 2.91% or $0.89 during the last trading session, reaching $29.74. About 279,645 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 99.27% since November 10, 2017 and is uptrending. It has outperformed by 83.65% the S&P500.

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 $999.68 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 has a 803.78 P/E ratio. The companyÂ’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.

More notable recent Carbonite, Inc. (NASDAQ:CARB) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within CSS Industries, Accelerate Diagnostics, Oasis Petroleum, Model N, Carbonite …” on November 09, 2018, also Globenewswire.com with their article: “Carbonite to Present at Upcoming Investor Conferences” published on November 05, 2018, Globenewswire.com published: “Carbonite Announces Third Quarter 2018 Financial Results” on November 01, 2018. More interesting news about Carbonite, Inc. (NASDAQ:CARB) were released by: Seekingalpha.com and their article: “Oppenheimer steps to Carbonite sideline on market pressure” published on November 02, 2018 as well as Globenewswire.com‘s news article titled: “Carbonite Introduces Comprehensive Data Protection for Virtual and Physical Servers” with publication date: October 18, 2018.

Carbonite, Inc. (NASDAQ:CARB) Institutional Positions Chart

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