Carbonite (CARB) Updates FY18 Earnings Guidance
Carbonite (NASDAQ:CARB) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.45-1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.01. The company issued revenue guidance of $294.0-304.0 million, compared to the consensus revenue estimate of $267.76 million.Carbonite also updated its Q1 guidance to $0.20-0.24 EPS.
A number of brokerages have recently commented on CARB. BidaskClub cut Carbonite from a hold rating to a sell rating in a report on Tuesday. JMP Securities began coverage on Carbonite in a report on Tuesday, October 17th. They issued an outperform rating and a $30.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Carbonite presently has an average rating of Buy and an average target price of $27.71.
Shares of Carbonite (NASDAQ CARB) traded up $0.55 during trading on Tuesday, hitting $21.70. The stock had a trading volume of 910,174 shares, compared to its average volume of 238,626. The stock has a market cap of $602.26, a PE ratio of -192.27, a price-to-earnings-growth ratio of 1.72 and a beta of 0.33. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.12. Carbonite has a 12-month low of $18.20 and a 12-month high of $27.00.
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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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