Is Carbonite Inc. (NASDAQ:CARB) being pumped?


Here is an analysis at the scorecard of Carbonite Inc. (NASDAQ:CARB) for the recent quarter and analyst projections for the coming periods.

The firm generated sales of 57.1M%, implying a jump of 0.16% compared to a analogous quarter a year ago.

To achieve the recorded sales of 57.1M% for the quarter, the firm incurred $17.36M in cost of goods. Hence, after considering the cost of sales, Carbonite Inc. came with a gross income of $39.74M.

Let’s look into the technical of the stock

The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is in highly overbought territory. Beware of a trend reversal.

Carbonite Inc. incurred other expenses in the completion of operation. Taking those into account, it closed the quarter with EPS of $0.27. The firm had 28.5M diluted outstanding shares at the close of the quarter.

For the next quarter, analysts on the average are projecting EPS of $0.23.

Carbonite Inc.?s cash balance at the close of the recent quarter was 41.81M%. The firm generated free cash flow of $1.13M during the quarter, while net operating cash flow was $7.7M. Net change in cash was $(17.34M).

What is market thinking about Carbonite Inc.? So far 6 analysts have assessed the stock, and they have average recommendation of Buy and average price target of $25.80. To put the recommendation into perspective, call in the range of 1.00 – 1.24 indicates a BUY recommendation, whereas 1.25 – 1.74 refers to OVERWEIGHT. HOLD recommendation is shown by 1.75 – 2.24, UNDERWEIGHT is signified by 2.25 – 2.74 while SELL is signified by 2.75 – 3.00.

Does Carbonite Inc. have a strong balance sheet? A look at the firm’s balance sheet at the close of the most recent quarter displays that it has total assets of $222.07M, offset by total liabilities of $213.38M.