Zacks Investment Research downgraded shares of CARBONITE INC (CARB) from OUTPERFORM to NEUTRAL on September 03, 2012, with a target price of $8.80.
Carbonite Inc. is a computer service company which provides online backup solutions for consumers and small and medium sized businesses to retrieve files if lost on the internet. The Company's backup solutions work automatically and continuously uploading encrypted copies of its customer's files to the servers known as Carbonite Personal Cloud. Carbonite Inc. is headquartered in Boston, Massachusetts.
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