NASDAQ:CARB - Carbonite Stock Price, News, & Analysis

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$27.67 -0.31 (-1.11 %)
(As of 11/18/2018 01:31 PM ET)
Previous Close$27.67
Today's Range$27.33 - $28.56
52-Week Range$20.50 - $43.63
Volume398,278 shs
Average Volume599,093 shs
Market Capitalization$956.22 million
P/E Ratio55.34
Dividend YieldN/A
Beta0.69
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 that offers annual and multi-year cloud backup plans for individuals or businesses; and Carbonite Endpoint Protection that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones. The company's solutions also comprise Carbonite Hybrid Backup, which protects a customer's data footprint on-premise and in the cloud and enables recovery while version history stored in the cloud safeguards against disaster; Carbonite Cloud Backup that automatically backs up data to the cloud and keeps physical and virtual systems protected with point-in-time restore; and Carbonite Onsite Backup, a flexible data protection solution, which backs up and replicates data securely across a customer's own private network. In addition, it offers Carbonite Availability that keeps critical business systems available on Windows and Linux servers; Carbonite Recover, a disaster recovery-as-a-service solution that securely replicates critical systems from a customer's primary environment to the cloud; Carbonite Migrate, which migrates physical, virtual, and cloud workloads to and from any environment with minimal risk and near-zero downtime; and Carbonite Email Archiving that provides MailStore offerings designed to meet the specific email archiving needs of customers in terms of performance, stability, functionality, and simplicity. The company provides its solutions through distributors, value-added resellers, managed service providers, and global systems integrators. Carbonite, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity RatioN/A
Current Ratio0.91
Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio55.34
Forward P/E Ratio24.49
P/E Growth1.22

Sales & Book Value

Annual Sales$239.46 million
Price / Sales3.99
Cash Flow$1.3077 per share
Price / Cash21.16
Book Value$7.90 per share
Price / Book3.50

Profitability

EPS (Most Recent Fiscal Year)$0.50
Net Income$-4,000,000.00
Net Margins1.85%
Return on Equity29.30%
Return on Assets7.29%

Miscellaneous

Employees967
Outstanding Shares34,560,000
Market Cap$956.22 million
OptionableOptionable

Carbonite (NASDAQ:CARB) Frequently Asked Questions

What is Carbonite's stock symbol?

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

How will Carbonite's stock buyback program work?

Carbonite announced that its board has approved a share buyback plan on Saturday, April 8th 2017, which permits the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.6% of its stock through a private placement purchase. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

How were Carbonite's earnings last quarter?

Carbonite Inc (NASDAQ:CARB) announced its earnings results on Thursday, November, 1st. The technology company reported $0.48 EPS for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.07. The technology company had revenue of $79.10 million for the quarter, compared to the consensus estimate of $80.15 million. Carbonite had a net margin of 1.85% and a return on equity of 29.30%. The business's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. View Carbonite's Earnings History.

When is Carbonite's next earnings date?

Carbonite is scheduled to release their next quarterly earnings announcement on Tuesday, February 12th 2019. View Earnings Estimates for Carbonite.

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

Carbonite updated its fourth quarter earnings guidance on Thursday, November, 1st. The company provided earnings per share guidance of $0.40-0.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42. The company issued revenue guidance of $78.6-$81.6 million, compared to the consensus revenue estimate of $82.51 million.Carbonite also updated its FY 2018 guidance to $1.61-1.65 EPS.

What price target have analysts set for CARB?

12 equities research analysts have issued 12-month target prices for Carbonite's shares. Their forecasts range from $30.00 to $50.00. On average, they anticipate Carbonite's share price to reach $39.0909 in the next twelve months. This suggests a possible upside of 41.3% from the stock's current price. View Analyst Price Targets for Carbonite.

What is the consensus analysts' recommendation for Carbonite?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carbonite in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. 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. " (11/12/2018)
  • 2. Rosenblatt Securities analysts commented, "We had the opportunity to spend some time at Dell Technology (DVMT: NR) World earlier this week and were positively surprised at the levels of activity and engagement among Mozy customers in the Carbonite booth." (5/6/2018)

Has Carbonite been receiving favorable news coverage?

News headlines about CARB stock have trended positive on Sunday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Carbonite earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Who are some of Carbonite's key competitors?

Who are Carbonite's key executives?

Carbonite's management team includes the folowing people:
  • Mr. Mohamad S. Ali, Pres, CEO & Director (Age 48)
  • Mr. David Friend III, Co-Founder & Director (Age 70)
  • Mr. Anthony Folger, CFO & Treasurer (Age 46)
  • Ms. Danielle Sheer, Gen. Counsel & Corp. Sec. (Age 37)
  • Mr. Paul S. Mellinger, Sr. VP of Global Sales (Age 56)

Who are Carbonite's major shareholders?

Carbonite's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.47%), Renaissance Technologies LLC (4.86%), Dimensional Fund Advisors LP (3.29%), Pembroke Management LTD (3.18%), Russell Investments Group Ltd. (2.28%) and Bank of New York Mellon Corp (1.61%). Company insiders that own Carbonite stock include Anthony Folger, Cassandra Hudson, Christopher Doggett, Danielle Sheer, David Friend, Deepak Mohan, Jeffry Flowers, Marina Levinson, Norman Guadagno, Paul S Mellinger, Scott Andrew Daniels and Todd Krasnow. View Institutional Ownership Trends for Carbonite.

Which major investors are selling Carbonite stock?

CARB stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Schroder Investment Management Group, Elk Creek Partners LLC, Royce & Associates LP, EAM Investors LLC, AMI Asset Management Corp and Engineers Gate Manager LP. Company insiders that have sold Carbonite company stock in the last year include Anthony Folger, Cassandra Hudson, Danielle Sheer, David Friend, Deepak Mohan, Marina Levinson, Norman Guadagno, Paul S Mellinger and Todd Krasnow. View Insider Buying and Selling for Carbonite.

Which major investors are buying Carbonite stock?

CARB stock was purchased by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., BlackRock Inc., FIL Ltd, Castleark Management LLC, Wells Fargo & Company MN, Bank of New York Mellon Corp, American Century Companies Inc. and Summit Creek Advisors LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Carbonite's stock price today?

One share of CARB stock can currently be purchased for approximately $27.67.

How big of a company is Carbonite?

Carbonite has a market capitalization of $956.22 million and generates $239.46 million in revenue each year. The technology company earns $-4,000,000.00 in net income (profit) each year or $0.50 on an earnings per share basis. Carbonite employs 967 workers across the globe.

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:  2.9 out of 5 (star star)
Outperform Votes:  339 (Vote Outperform)
Underperform Votes:  240 (Vote Underperform)
Total Votes:  579
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 11/18/2018 by MarketBeat.com Staff

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