Carbonite Announces Third Quarter 2018 Financial Results

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Carbonite (CARB) PT Lowered to $40 at RBC Capital

November 2, 2018 6:52 AM EDT

RBC Capital analyst Matthew Hedberg lowered the price target on Carbonite (NASDAQ: CARB) to $40.00 (from $42.00) while maintaining a Outperform rating.

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Carbonite (CARB) Tops Q3 EPS by 7c

November 1, 2018 4:49 PM EDT

Carbonite (NASDAQ: CARB) reported Q3 EPS of $0.48, $0.07 better than the analyst estimate of $0.41. Revenue for the quarter came in at $77.7 million versus the consensus estimate of $80.46 million.

GUIDANCE:

Carbonite sees Q4 2018 EPS of $0.40-$0.44, versus the consensus of $0.42. Carbonite sees Q4... More