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What Caused The Opening Gap In Carbonite?

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Provider of cloud and hybrid business continuity solutions, Carbonite Inc (NYSE: CARB) today had a large opening gap of -31.39%.

Photo taken from the Opening Gap Signals tool inside Benzinga Pro.

Why Is CARB Moving?

Carbonite Inc shares are trading lower after the company reported worse-than-expected Q2 sales results. The company also issued Q3 sales guidance below analyst estimates and cut its 2019 EPS guidance below analyst estimates.

Photo taken from the ‘Why Is It Moving?’ Details tool inside Benzinga Pro.

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Posted-In: News Intraday Update

 

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