Carbonite (CARB) May Catch the Eye of Small-Cap Value Investors
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Price: $10.07 --0%
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade CARB Now!
This morning Carbonite (NASDAQ: CARB) reported Q4 EPS of $0.01, $0.07 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $23.7 million versus the consensus estimate of $23.21 million.
Commenting on developments, analyst Richard Davis of Canaccord Genuity said, "Carbonite posted reasonably solid Q4 results, committed to quarterly FCF profitability throughout C2013, and talked of gradually reaccelerating bookings."
In his view, 2013 will be the year management demonstrates it can maintain a sustainable path forward.
"The path to this future appears to be to shift growth investments toward the SMB market – a decision that we believe makes sense. CARB shares are inexpensively valued, so the stock should appeal to small-cap, value investors," added the analyst.
Canaccord Genuity reiterated a Buy rating on Carbonite and raised its price target to $11.00 (from $8.00)
For an analyst ratings summary and ratings history on Carbonite (NASDAQ: CARB) click here. For more ratings news on Carbonite click here.
Shares of Carbonite closed at $9.62 yesterday, with a 52 week range of $5.75-$11.70.
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Commenting on developments, analyst Richard Davis of Canaccord Genuity said, "Carbonite posted reasonably solid Q4 results, committed to quarterly FCF profitability throughout C2013, and talked of gradually reaccelerating bookings."
In his view, 2013 will be the year management demonstrates it can maintain a sustainable path forward.
"The path to this future appears to be to shift growth investments toward the SMB market – a decision that we believe makes sense. CARB shares are inexpensively valued, so the stock should appeal to small-cap, value investors," added the analyst.
Canaccord Genuity reiterated a Buy rating on Carbonite and raised its price target to $11.00 (from $8.00)
For an analyst ratings summary and ratings history on Carbonite (NASDAQ: CARB) click here. For more ratings news on Carbonite click here.
Shares of Carbonite closed at $9.62 yesterday, with a 52 week range of $5.75-$11.70.
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