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

|About: Carbonite Inc. (CARB)|By:, SA News Editor

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.