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Carbonite (CARB +4.1%) gets a boost from positive comments out of Canaccord this morning, saying...

Carbonite (CARB +4.1%) gets a boost from positive comments out of Canaccord this morning, saying the sell-off has been overdone and the Street is likely to start defending the stock now that the research restriction is off. The firm adds that Carbonite is one of the fastest growing SaaS companies in the space, has a new advertising campaign underway and its competitive dynamics are misunderstood.
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    The sell-off may have been overdone. On the other hand, constant downward action since the IPO doesn't constitute a "sell-off," it's a "death spiral." The initial owners got theirs--good for them. This one has 50 cents written all over it.

     

    "For a business to be loved, it should, on occasion, produce a profit and distribute a dividend."
    -- Yogi Trump

     

    Carbonite--you're fired.
    14 Mar 2012, 11:52 AM Reply Like
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