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Carbonite Stock Price, News & Analysis (NASDAQ:CARB)

$15.70
-0.16 (-1.01 %)
(As of 10/22/2019 10:18 AM ET)
Today's Range
$15.67
Now: $15.70
$15.99
50-Day Range
$12.05
MA: $14.87
$16.00
52-Week Range
$11.86
Now: $15.70
$35.74
Volume55,626 shs
Average Volume490,431 shs
Market Capitalization$544.63 million
P/E Ratio12.56
Dividend YieldN/A
Beta0.74
Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe, a cloud backup solution for individuals and businesses that protects customer data from accidental deletions, crashes, ransomware, viruses, and other common threats; and Carbonite Endpoint that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones. Read More…

Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Current SymbolNASDAQ:CARB
CUSIP14133710
Phone617-587-1100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$296.41 million
Cash Flow$2.47 per share
Book Value$7.44 per share

Profitability

Net Income$7.56 million

Miscellaneous

Employees959
Market Cap$544.63 million
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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Carbonite (NASDAQ:CARB) Frequently Asked Questions

What is Carbonite's stock symbol?

Carbonite trades on the NASDAQ under the ticker symbol "CARB."

How were Carbonite's earnings last quarter?

Carbonite Inc (NASDAQ:CARB) released its earnings results on Thursday, July, 25th. The technology company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The technology company earned $121.51 million during the quarter, compared to the consensus estimate of $129.68 million. Carbonite had a positive return on equity of 20.11% and a negative net margin of 2.22%. The firm's revenue for the quarter was up 56.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. View Carbonite's Earnings History.

When is Carbonite's next earnings date?

Carbonite is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Carbonite.

What guidance has Carbonite issued on next quarter's earnings?

Carbonite updated its FY 2019 earnings guidance on Thursday, July, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $477.5-482.5 million, compared to the consensus revenue estimate of $498 million.

What price target have analysts set for CARB?

11 Wall Street analysts have issued 1 year price targets for Carbonite's stock. Their forecasts range from $16.00 to $35.00. On average, they anticipate Carbonite's stock price to reach $25.67 in the next year. This suggests a possible upside of 62.7% from the stock's current price. View Analyst Price Targets for Carbonite.

What is the consensus analysts' recommendation for Carbonite?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carbonite in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Carbonite.

What are Wall Street analysts saying about Carbonite stock?

Here are some recent quotes from research analysts about Carbonite stock:
  • 1. Northland Securities analysts commented, "We note that Steve Mumford, board member and Interim CEO is taking an active role while the search for a new CEO continues." (9/5/2019)
  • 2. According to Zacks Investment Research, "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. " (7/25/2019)

Has Carbonite been receiving favorable news coverage?

News headlines about CARB stock have trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Carbonite earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Carbonite.

Are investors shorting Carbonite?

Carbonite saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 2,690,000 shares, an increase of 12.1% from the August 30th total of 2,400,000 shares. Based on an average daily volume of 861,800 shares, the days-to-cover ratio is presently 3.1 days. Currently, 8.5% of the company's shares are short sold. View Carbonite's Current Options Chain.

Who are some of Carbonite's key competitors?

What other stocks do shareholders of Carbonite own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carbonite investors own include NVIDIA (NVDA), Adobe (ADBE), Micron Technology (MU), Paypal (PYPL), Visa (V), Alibaba Group (BABA), Bank of America (BAC), Walt Disney (DIS), Intelsat (I) and New Mountain Finance (NMFC).

Who are Carbonite's key executives?

Carbonite's management team includes the folowing people:
  • Mr. Mohamad S. Ali, Pres, CEO & Director (Age 49)
  • Mr. David Friend III, Co-Founder & Director (Age 71)
  • Mr. Anthony Folger, CFO & Treasurer (Age 47)
  • Ms. Danielle Sheer, Gen. Counsel & Corp. Sec. (Age 38)
  • Mr. Paul S. Mellinger, Sr. VP of Global Sales (Age 57)

Who are Carbonite's major shareholders?

Carbonite's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Dudley & Shanley Inc. (1.85%), Summit Creek Advisors LLC (1.75%), Smith Graham & Co. Investment Advisors LP (1.64%), Scout Investments Inc. (0.97%), CIBC Private Wealth Group LLC (0.12%) and Envestnet Asset Management Inc. (0.07%). Company insiders that own Carbonite stock include Anthony Folger, Cassandra Hudson, Danielle Sheer, David Friend, Deepak Mohan, Marina Levinson, Mohamad Ali, Norman Guadagno, Paul S Mellinger, Scott Andrew Daniels and Todd Krasnow. View Institutional Ownership Trends for Carbonite.

Which institutional investors are selling Carbonite stock?

CARB stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., CIBC Private Wealth Group LLC and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have sold Carbonite company stock in the last year include Anthony Folger, Cassandra Hudson, Danielle Sheer, Mohamad Ali, Norman Guadagno, Paul S Mellinger and Todd Krasnow. View Insider Buying and Selling for Carbonite.

Which institutional investors are buying Carbonite stock?

CARB stock was purchased by a variety of institutional investors in the last quarter, including Smith Graham & Co. Investment Advisors LP, Dudley & Shanley Inc., Summit Creek Advisors LLC, We Are One Seven LLC, Envestnet Asset Management Inc. and NEXT Financial Group Inc. View Insider Buying and Selling for Carbonite.

How do I buy shares of Carbonite?

Shares of CARB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Carbonite's stock price today?

One share of CARB stock can currently be purchased for approximately $15.78.

How big of a company is Carbonite?

Carbonite has a market capitalization of $547.41 million and generates $296.41 million in revenue each year. The technology company earns $7.56 million in net income (profit) each year or $1.25 on an earnings per share basis. Carbonite employs 959 workers across the globe.View Additional Information About Carbonite.

What is Carbonite's official website?

The official website for Carbonite is http://www.carbonite.com/.

How can I contact Carbonite?

Carbonite's mailing address is TWO AVENUE DE LAFAYETTE, BOSTON MA, 02111. The technology company can be reached via phone at 617-587-1100 or via email at [email protected]


MarketBeat Community Rating for Carbonite (NASDAQ CARB)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  413 (Thanks for Voting!)
Underperform Votes:  313 (Thanks for Voting!)
Total Votes:  726
MarketBeat's community ratings are surveys of what our community members think about Carbonite and other stocks. Vote "Outperform" if you believe CARB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CARB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/22/2019 by MarketBeat.com Staff

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