NASDAQ:CARB - Carbonite Stock Price, Price Target & More

Carbonite trades on the NASDAQ under the ticker symbol "CARB."

Carbonite declared that its Board of Directors has approved a stock buyback program on Saturday, April 8th 2017, which authorizes the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through a private placement purchase. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Carbonite Inc (NASDAQ:CARB) posted its earnings results on Monday, May, 7th. The technology company reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.05. The technology company had revenue of $64.03 million for the quarter, compared to the consensus estimate of $63.51 million. Carbonite had a return on equity of 35.49% and a net margin of 0.14%. The firm's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. View Carbonite's Earnings History.

Carbonite is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Carbonite.

Carbonite issued an update on its FY18 earnings guidance on Monday, May, 7th. The company provided EPS guidance of $1.51-1.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.49. The company issued revenue guidance of $302.5-312.5 million, compared to the consensus revenue estimate of $305.39 million.Carbonite also updated its Q2 guidance to $0.34-0.38 EPS.

7 brokers have issued twelve-month price targets for Carbonite's shares. Their forecasts range from $27.00 to $37.00. On average, they anticipate Carbonite's stock price to reach $32.8571 in the next twelve months. View Analyst Ratings for Carbonite.

Some companies that are related to Carbonite include Bilibili (BILI), Zynga (ZNGA), PagSeguro (PAGS), CarGurus (CARG), Fang (SFUN), Acxiom (ACXM), Longfin (LFIN), Smartsheet (SMAR), Five9 (FIVN), Mindbody (MB), Globant (GLOB), Cars.com (CARS), Trivago (TRVG), Bitauto (BITA) and Shutterstock (SSTK).

News articles about CARB stock have been trending positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Carbonite earned a news sentiment score of 0.25 on Accern's scale. They also assigned news headlines about the technology company an impact score of 45.24 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Carbonite's stock is owned by many different of retail and institutional investors. Top institutional investors include ETF MANAGERS GROUP, LLC (6.91%), ETF Managers Group LLC (6.45%), BlackRock Inc. (5.75%), PORTOLAN CAPITAL MANAGEMENT, LLC (5.01%), Dimensional Fund Advisors LP (3.97%) and Russell Investments Group Ltd. (3.20%). Company insiders that own Carbonite stock include Anthony Folger, Cassandra Hudson, Christopher Doggett, Danielle Sheer, David Friend, David Raissipour, Deepak Mohan, Jeffry Flowers, Marina Levinson, Mv Management X, LLC, Norman Guadagno, Paul S Mellinger and Todd Krasnow. View Institutional Ownership Trends for Carbonite.

CARB stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Fort Washington Investment Advisors Inc. OH, Argent Capital Management LLC, Millrace Asset Group Inc., Unterberg Capital LLC, Timpani Capital Management LLC, Penn Capital Management Co. Inc. and Lisanti Capital Growth LLC. Company insiders that have sold Carbonite company stock in the last year include Anthony Folger, Cassandra Hudson, Danielle Sheer, Deepak Mohan, Marina Levinson, Norman Guadagno, Paul S Mellinger and Todd Krasnow. View Insider Buying and Selling for Carbonite.

CARB stock was acquired by a variety of institutional investors in the last quarter, including ETF Managers Group LLC, Millennium Management LLC, Carillon Tower Advisers Inc., Summit Trail Advisors LLC, Lyon Street Capital LLC, Connors Investor Services Inc., Mackay Shields LLC and Prudential Financial Inc.. View Insider Buying and Selling for Carbonite.

Shares of CARB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CARB stock can currently be purchased for approximately $36.10.

Carbonite has a market capitalization of $1.03 billion and generates $239.46 million in revenue each year. The technology company earns $-4,000,000.00 in net income (profit) each year or $0.50 on an earnings per share basis. Carbonite employs 967 workers across the globe.

Carbonite's mailing address is TWO AVENUE DE LAFAYETTE, BOSTON MA, 02111. The technology company can be reached via phone at 617-587-1100 or via email at [email protected]