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

$22.99
+0.04 (+0.17 %)
(As of 11/18/2019 02:55 PM ET)
Today's Range
$22.96
Now: $22.99
$23.04
50-Day Range
$14.08
MA: $16.63
$23.06
52-Week Range
$11.86
Now: $22.99
$29.77
Volume39,163 shs
Average Volume2.13 million shs
Market Capitalization$804.88 million
P/E Ratio18.39
Dividend YieldN/A
Beta0.75
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$2.48 per share
Book Value$7.03 per share

Profitability

Net Income$7.56 million

Miscellaneous

Employees959
Market Cap$804.88 million
Next Earnings Date2/6/2020 (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) issued its earnings results on Tuesday, November, 12th. The technology company reported $0.60 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.25. The technology company earned $125.80 million during the quarter, compared to the consensus estimate of $125.76 million. Carbonite had a positive return on equity of 22.46% and a negative net margin of 5.55%. The firm's revenue for the quarter was up 61.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 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, February 6th 2020. View Earnings Estimates for Carbonite.

What price target have analysts set for CARB?

11 analysts have issued 12-month price targets for Carbonite's shares. Their forecasts range from $16.00 to $33.00. On average, they anticipate Carbonite's stock price to reach $23.50 in the next twelve months. This suggests a possible upside of 2.2% 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, 9 hold ratings and 1 buy rating 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?

Media stories about CARB stock have been trending very negative on Monday, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Carbonite earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Carbonite.

Are investors shorting Carbonite?

Carbonite saw a increase in short interest in October. As of October 31st, there was short interest totalling 2,860,000 shares, an increase of 13.0% from the September 30th total of 2,530,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is currently 2.7 days. Approximately 9.0% of the shares of the stock are sold short. 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 Adobe (ADBE), Micron Technology (MU), NVIDIA (NVDA), Intelsat (I), Visa (V), Paypal (PYPL), Alibaba Group (BABA), Bank of America (BAC), Walt Disney (DIS) and AT&T (T).

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 a number of of retail and institutional investors. Top institutional investors include Dudley & Shanley Inc. (1.85%), Summit Creek Advisors LLC (1.75%), Smith Graham & Co. Investment Advisors LP (1.64%), AMI Asset Management Corp (1.16%), Scout Investments Inc. (0.97%) and Congress Asset Management Co. MA (0.75%). 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 AMI Asset Management Corp, Rice Hall James & Associates LLC, Anchor Capital Advisors LLC, Scout Investments Inc., Teton Advisors Inc., CIBC Private Wealth Group LLC, Carillon Tower Advisers Inc. and Van Hulzen Asset Management LLC. Company insiders that have sold Carbonite company stock in the last year include Anthony Folger, Cassandra Hudson, Danielle Sheer, Mohamad Ali, Norman Guadagno and Paul S Mellinger. 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, Congress Asset Management Co. MA, Dudley & Shanley Inc., State of New Jersey Common Pension Fund D, Connors Investor Services Inc., First Trust Advisors LP, Summit Creek Advisors LLC and Virginia Retirement Systems ET AL. 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 $22.99.

How big of a company is Carbonite?

Carbonite has a market capitalization of $804.88 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:  419 (Vote Outperform)
Underperform Votes:  326 (Vote Underperform)
Total Votes:  745
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 11/18/2019 by MarketBeat.com Staff

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