Carbonite Inc. (CARB) Jumps 8.38% on February 12

Equities Staff |

Carbonite Inc. (CARB) was among the biggest gainers on the Russell 2000 for Friday February 12 as the stock popped 8.38% to $7.24, representing a gain of $0.56 per share. Some 122,686 shares traded hands on 1,063 trades, compared with an average daily volume of 93,950 shares out of a total float of 27.25 million. The stock opened at $6.73 and traded with an intraday range of $7.24 to $6.61.

After today's gains, Carbonite Inc. reached a market cap of $197.31 million. Carbonite Inc. has had a trading range between $15.43 and $6.52 over the last year, and it had a 50-day SMA of $9.06 and a 200-day SMA of $10.59.

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 .

For a complete fundamental analysis analysis of Carbonite Inc., check out Equities.com’s Stock Valuation Analysis report for CARB. To see the latest independent stock recommendations from Equities.com’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 Equities.com. 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 equities.com. 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: http://www.equities.com/disclaimer

Comments

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…

Private Markets

Airbnb

Airbnb is a community marketplace for people to list, discover, and book unique accommodations around the world — online or from a mobile phone. Whether an apartment for a night,…

Knightscope

Autonomous security robots providing advanced detection capabilities at $7 per hour - aiming to define the future of security. Help #StopTheViolence.