Carbonite Announces Second Quarter 2018 Financial Results

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Carbonite (CARB) PT Raised to $40 at Oppenheimer

August 3, 2018 9:29 AM EDT

Oppenheimer raised its price target on Carbonite (NASDAQ: CARB) to $40.00 (from $35.00) while maintaining an Outperform rating.

Analyst Brian Schwartz commented, "Consistent with the company's positive pre-announcement last month, Carbonite reported solid 2Q results that beat consensus. The profitability was a highlight... More

Carbonite (CARB) Tops Q2 EPS by 6c

August 2, 2018 4:18 PM EDT

Carbonite (NASDAQ: CARB) reported Q2 EPS of $0.45, $0.06 better than the analyst estimate of $0.39. Revenue for the quarter came in at $79.9 million versus the consensus estimate of $78.95 million.

GUIDANCE:

Carbonite sees Q3 2018 EPS of $0.40-$0.42, versus the consensus of $0.40. Carbonite sees... More