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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Data processing & preparation
Sub-IndustryInternet Software & Services
SectorComputer and Technology
SymbolNASDAQ:CARB
CUSIP14133710
Phone617-587-1100
Debt
Debt-to-Equity Ratio2.85
Current Ratio0.73
Quick Ratio0.73
Price-To-Earnings
Trailing P/E Ratio75.30
Forward P/E Ratio35.52
P/E GrowthN/A
Sales & Book Value
Annual Sales$239.46 million
Price / Sales5.28
Cash Flow$1.2938 per share
Price / Cash29.10
Book Value$1.37 per share
Price / Book27.48
Profitability
EPS (Most Recent Fiscal Year)$0.50
Net Income$-4,000,000.00
Net Margins0.39%
Return on Equity46.67%
Return on Assets6.40%
Miscellaneous
Employees967
Outstanding Shares33,610,000
Market Cap$1.28 billion
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 declared that its Board of Directors has initiated a share buyback program on Saturday, April 8th 2017, which authorizes the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.6% of its stock through a private placement purchase. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.
How were Carbonite's earnings last quarter?
Carbonite Inc (NASDAQ:CARB) issued its quarterly earnings data on Thursday, August, 2nd. The technology company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.15. The technology company had revenue of $77.70 million for the quarter, compared to analyst estimates of $78.89 million. Carbonite had a return on equity of 46.67% and a net margin of 0.39%. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. View Carbonite's Earnings History.
When is Carbonite's next earnings date?
What guidance has Carbonite issued on next quarter's earnings?
Carbonite updated its third quarter earnings guidance on Thursday, August, 2nd. The company provided earnings per share guidance of $0.40-$0.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.41. The company issued revenue guidance of $79-$81 million, compared to the consensus revenue estimate of $81.56 million.
What price target have analysts set for CARB?
8 brokers have issued 1 year price targets for Carbonite's stock. Their forecasts range from $30.00 to $41.00. On average, they expect Carbonite's stock price to reach $35.50 in the next year. This suggests that the stock has a possible downside of 5.7%. View Analyst Price Targets for Carbonite.
What is the consensus analysts' recommendation for Carbonite?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carbonite in the last year. There are currently 1 hold rating and 7 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. " (7/25/2018)
- 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)
Who are some of Carbonite's key competitors?
Some companies that are related to Carbonite include DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), PagSeguro Digital (PAGS), Acxiom (ACXM), Zynga (ZNGA), Bilibili (BILI), Smartsheet (SMAR), Five9 (FIVN), Yext (YEXT), Globant (GLOB), Cars.com (CARS), Shutterstock (SSTK), Inovalon (INOV) and Evertec (EVTC).
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)
Has Carbonite been receiving favorable news coverage?
Media stories about CARB stock have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Carbonite earned a daily sentiment score of 0.22 on Accern's scale. They also assigned news stories about the technology company an impact score of 48.33 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Carbonite.
Who are Carbonite's major shareholders?
Carbonite's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.42%), Renaissance Technologies LLC (4.98%), Portolan Capital Management LLC (4.42%), Dimensional Fund Advisors LP (3.38%), Pembroke Management LTD (3.69%) and Russell Investments Group Ltd. (2.41%). 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 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 Russell Investments Group Ltd., Northpointe Capital LLC, Summit Creek Advisors LLC, Penn Capital Management Co. Inc., Pembroke Management LTD, Fort Washington Investment Advisors Inc. OH, AMI Asset Management Corp and Mackay Shields LLC. 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 institutional investors are buying Carbonite stock?
CARB stock was acquired by a variety of institutional investors in the last quarter, including Intrinsic Edge Capital Management LLC, BlackRock Inc., Portolan Capital Management LLC, Bank of New York Mellon Corp, Engineers Gate Manager LP, Migdal Insurance & Financial Holdings Ltd., Sei Investments Co. and Telemus Capital 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 $37.65.
How big of a company is Carbonite?
Carbonite has a market capitalization of $1.28 billion 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.
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)
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.
