Carbonite, Inc. (CARB) Reaches $26.65 52-Week High; Funds Transfer (RELL) Sentiment Is 0.54

February 15, 2018 - By Hazel Jackson

Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company has market cap of $103.80 million. The companyÂ’s Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications. It currently has negative earnings. The Company’s products are used to control, switch, or amplify electrical power signals, as well as are used as display devices in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.

The stock of Carbonite, Inc. (NASDAQ:CARB) hit a new 52-week high and has $28.52 target or 7.00% above today’s $26.65 share price. The 8 months bullish chart indicates low risk for the $744.80 million company. The 1-year high was reported on Feb, 15 by Barchart.com. If the $28.52 price target is reached, the company will be worth $52.14 million more. The stock increased 0.47% or $0.12 during the last trading session, reaching $26.65. About 166,123 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 113.73% since February 15, 2017 and is uptrending. It has outperformed by 97.03% the S&P500.

The stock increased 1.26% or $0.1 during the last trading session, reaching $8.03. About 100 shares traded. Richardson Electronics, Ltd. (RELL) has risen 17.64% since February 15, 2017 and is uptrending. It has outperformed by 0.94% the S&P500.

Ancora Advisors Llc holds 0.08% of its portfolio in Richardson Electronics, Ltd. for 242,928 shares. Mutual Of America Capital Management Llc owns 694,283 shares or 0.07% of their US portfolio. Moreover, Boothbay Fund Management Llc has 0.02% invested in the company for 18,259 shares. The California-based Malaga Cove Capital Llc has invested 0.02% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 118,211 shares.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States. The company has market cap of $744.80 million. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It currently has negative earnings. The companyÂ’s solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

Since August 28, 2017, it had 0 insider buys, and 14 selling transactions for $957,197 activity. FOLGER ANTHONY sold 741 shares worth $13,894. Mellinger Paul S. sold 1,135 shares worth $26,900. $58,823 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by SHEER DANIELLE on Friday, February 2. Shares for $231,600 were sold by KRASNOW TODD on Monday, December 11. HUDSON CASSANDRA sold $224,393 worth of Carbonite, Inc. (NASDAQ:CARB) on Friday, February 2. Another trade for 1,134 shares valued at $26,876 was made by Guadagno Norman on Friday, February 2.

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By1 Hazel Jackson

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