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Enter Symbol:
 
Carbonite Inc (CARB) [hlAlert]

Rating:
Underperform
CARB
up 26.73 %

Carbonite Inc (CARB) rated Underperform with price target $34 by DA Davidson

Posted on: Monday,  Dec 8, 2014  8:25 AM ET by DA Davidson

DA Davidson rated Underperform Carbonite Inc (NASDAQ: CARB) on 12/08/2014, when the stock price was $14.22. Since
then, Carbonite Inc has lost 21.10% as of 09/08/2015's recent price of $11.22.
If you would have followed this DA Davidson's recommendation on CARB, you would have gained 26.73% of your investment in 274 days.

Carbonite, Inc. (Carbonite) focuses on the development and marketing of personal computer backup software that enables users to backup, access, and restore data files online. Carbonite is a provider of online backup solutions for consumers and small and medium sized businesses (SMBs). The Company provides secure online backup solutions with anytime, anywhere access to files stored on its servers, which it calls the Carbonite Personal Cloud. The Company?s backup solutions works automatically uploading encrypted copies of its customers? files to the Carbonite Personal Cloud. The Company's customers can browse and share their photos, videos, and documents anytime, anywhere using a Web browser or its free iPad, iPhone, BlackBerry, and Android apps. During the year ended December 31, 2010, Carbonite introduced a version of its solution designed for SMBs.

By offering a full menu of integrated brokerage, capital markets, money management, trust and wealth management services, Davidson Companies has grown to become one of the nation’s leading regional financial services holding companies. Headquartered in Montana, the company has a reach that stretches across 16 states – and we continue to grow. More importantly, we continue to expand the variety and quality of products and services we provide our clients. We work to find more ways to bring you the best in integrated financial services. That’s our commitment to you. The Davidson Companies family includes: * D.A. Davidson & Co., the largest full-service investment firm based in the Northwest and a leader in investment banking and company research for the region; * Davidson Investment Advisors, a professional money management firm; * Davidson Trust Co., a wealth management and trust firm; * Davidson Fixed Income Management, a registered investment adviser providing fixed income services; * and Davidson Travel, a full-service travel agency. Welcome to Davidson Companies, offering excellence in financial services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/8/2014 8:25 AM Sell
None
14.22 34.00
as of 8/27/2015
1 Week up  3.77 %
1 Month up  6.10 %
3 Months down  -5.64 %
1 YTD up  21.09 %

(*) Stock Price at the time of the recommendation.
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