This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Top Software Stocks To Kick Off 2012


Share price: $10.43

Online backup specialist Carbonite went public in August 2011 at $10 per share, and Canaccord believes shares are attractive, now that they are close to the IPO price.

Davis believes Carbonite is likely to be the second fastest-growing public SaaS (software as a service) company this year, behind Cornerstone OnDemand (CSOD).

"Like any good IPO, near-term numbers are likely to be sufficiently conservative that Carbonite should have several more quarters of meeting or beating expectations," Davis noted in his report. The analyst believes now is a good time to get bullish on Carbonite, but would be bearish on the name at $ 9 per share. He sees six-month upside to Carbonite's stock at $14, close to 35% higher than current levels.

Davis notes that Carbonite does not make money, and could be subject to selling pressure should investors get nervous.

Year-to-date, shares have lost 5.5%, and have lost 15.06% since shares were open for trading.

Carbonite reports earnings on Feb. 9, and is expected to lose 26 cents per share on $15.93 million in revenue, according to Thomson Reuters.
4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CTCT $32.01 4.54%
CARB $7.54 0.00%
CRM $75.80 0.00%
TYPE $22.03 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs