Carbonite Inc. (CARB) Drops 10.61% on February 04

Equities Staff |

Carbonite Inc. (CARB) was one of the Russell 2000's biggest losers for Thursday February 04 as the stock slid 10.61% to $7.88, a loss of $-0.935 per share. Starting at an opening price of $8.77 a share, the stock traded between $7.05 and $8.77 over the course of the trading day. Volume was 263,903 shares over 1,503 trades, against an average daily volume of 83,521 shares and a total float of 27.25 million.

The losses send Carbonite Inc. down to a market cap of $214.62 million. In the last year, Carbonite Inc. has traded between $15.43 and $8.40, and its 50-day SMA is currently $9.37 and 200-day SMA is $10.71.

Carbonite Inc together with its subsidiaries, provides easy-to-use, affordable, and secure cloud backup solutions with anytime, anywhere access to files stored on it servers.

Carbonite Inc. is based out of Boston, MA and has some 589 employees. Its CEO is Mohamad Ali.

For a complete fundamental analysis analysis of Carbonite Inc., check out’s Stock Valuation Analysis report for CARB. To see the latest independent stock recommendations from’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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