Carbonite, Inc. (CARB) Reaches $36.35 After 7.00% Up Move; Syneos Health – Class A (SYNH) SI Increased By 1.23%

May 10, 2018 - By Jacob Smith

Carbonite, Inc. (NASDAQ:CARB) Logo

The stock of Carbonite, Inc. (NASDAQ:CARB) is a huge mover today! The stock increased 3.86% or $1.35 during the last trading session, reaching $36.35. About 304,300 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 44.44% since May 10, 2017 and is uptrending. It has outperformed by 32.89% the S&P500.The move comes after 7 months positive chart setup for the $1.04B company. It was reported on May, 10 by Barchart.com. We have $38.89 PT which if reached, will make NASDAQ:CARB worth $72.66M more.

Syneos Health Inc – Class A (NASDAQ:SYNH) had an increase of 1.23% in short interest. SYNH’s SI was 5.77M shares in May as released by FINRA. Its up 1.23% from 5.70 million shares previously. With 1.07M avg volume, 5 days are for Syneos Health Inc – Class A (NASDAQ:SYNH)’s short sellers to cover SYNH’s short positions. The SI to Syneos Health Inc – Class A’s float is 10.25%. The stock increased 3.31% or $1.275 during the last trading session, reaching $39.775. About 594,064 shares traded. Syneos Health, Inc. (NASDAQ:SYNH) has 0.00% since May 10, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment is 1.08 in Q4 2017. Its the same as in 2017Q3. It is flat, as 17 investors sold Carbonite, Inc. shares while 42 reduced holdings. only 26 funds opened positions while 38 raised stakes. 24.93 million shares or 1.89% more from 24.47 million shares in 2017Q3 were reported. Millrace Asset Grp invested 3.63% of its portfolio in Carbonite, Inc. (NASDAQ:CARB). State Board Of Administration Of Florida Retirement Sys reported 35,278 shares. Parallax Volatility Advisers L P has 0% invested in Carbonite, Inc. (NASDAQ:CARB) for 3,738 shares. Bancorp Of Montreal Can has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Jefferies Grp Ltd Limited Liability Company has 0.01% invested in Carbonite, Inc. (NASDAQ:CARB) for 65,844 shares. Fortaleza Asset has 6,665 shares for 1.05% of their portfolio. Falcon Point Cap Ltd Liability Com has invested 0.22% in Carbonite, Inc. (NASDAQ:CARB). Oberweis Asset Mngmt holds 2.08% of its portfolio in Carbonite, Inc. (NASDAQ:CARB) for 354,560 shares. United Serv Automobile Association stated it has 0% in Carbonite, Inc. (NASDAQ:CARB). Fmr Lc owns 0% invested in Carbonite, Inc. (NASDAQ:CARB) for 356,200 shares. Raymond James Fincl Svcs Advisors holds 0.03% or 181,636 shares. Gru accumulated 0% or 16,924 shares. Cadence Capital Mngmt Lc stated it has 94,191 shares. Employees Retirement Sys Of Ohio owns 256,869 shares for 0.03% of their portfolio. Brown Advisory has invested 0% in Carbonite, Inc. (NASDAQ:CARB).

Since December 11, 2017, it had 0 insider buys, and 19 selling transactions for $1.87 million activity. Mellinger Paul S. also sold $50,052 worth of Carbonite, Inc. (NASDAQ:CARB) on Friday, January 5. Guadagno Norman sold 13,834 shares worth $426,917. On Wednesday, May 2 the insider Mohan Deepak sold $106,326. 10,000 Carbonite, Inc. (NASDAQ:CARB) shares with value of $231,600 were sold by KRASNOW TODD. SHEER DANIELLE also sold $11,989 worth of Carbonite, Inc. (NASDAQ:CARB) on Tuesday, December 12. 2,458 shares valued at $58,255 were sold by FOLGER ANTHONY on Friday, February 2. HUDSON CASSANDRA had sold 9,410 shares worth $224,393 on Friday, February 2.

More notable recent Carbonite, Inc. (NASDAQ:CARB) news were published by: Globenewswire.com which released: “Carbonite Announces First Quarter 2018 Financial Results” on May 07, 2018, also Seekingalpha.com with their article: “Carbonite’s (CARB) CEO Mohamad Ali on Q1 2018 Results – Earnings Call Transcript” published on May 08, 2018, Globenewswire.com published: “Carbonite Showcases Data Protection Platform at Dell Technologies World 2018” on May 02, 2018. More interesting news about Carbonite, Inc. (NASDAQ:CARB) were released by: Globenewswire.com and their article: “Carbonite to Present at Upcoming Investor Conferences” published on April 30, 2018 as well as Livetradingnews.com‘s news article titled: “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations” with publication date: May 09, 2018.

Among 11 analysts covering Carbonite (NASDAQ:CARB), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. Carbonite has $42 highest and $8 lowest target. $29.50’s average target is -18.84% below currents $36.35 stock price. Carbonite had 21 analyst reports since September 21, 2015 according to SRatingsIntel. JMP Securities maintained the shares of CARB in report on Monday, November 27 with “Buy” rating. JMP Securities maintained the stock with “Market Outperform” rating in Friday, April 27 report. The company was initiated on Friday, June 10 by B. Riley & Co. Northland Capital maintained Carbonite, Inc. (NASDAQ:CARB) on Wednesday, February 14 with “Hold” rating. The firm has “Buy” rating by FBR Capital given on Tuesday, May 8. On Tuesday, May 8 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was upgraded by Oppenheimer on Tuesday, October 11 to “Outperform”. Lake Street maintained the stock with “Buy” rating in Tuesday, February 28 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, August 4 report. Zacks downgraded the stock to “Sell” rating in Monday, September 21 report.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States. The company has market cap of $1.04 billion. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It currently has negative earnings. The companyÂ’s solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

Carbonite, Inc. (NASDAQ:CARB) Institutional Positions Chart

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