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

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$24.35 -0.18 (-0.73 %)
(As of 03/19/2019 12:43 PM ET)
Previous Close$24.53
Today's Range$24.16 - $24.7026
52-Week Range$21.83 - $43.63
Volume138,772 shs
Average Volume659,344 shs
Market Capitalization$836.91 million
P/E Ratio19.48
Dividend YieldN/A
Beta0.72
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. The company's solutions also comprise Carbonite Server, an all-in-one server protection solution for physical, virtual, and legacy systems that deploys in an organization's onsite environment and store copies on a local target and direct to the secure Carbonite cloud; Carbonite Availability that keeps critical business systems available on Windows and Linux servers; and Carbonite Recover, a solution that securely replicates critical systems from an organization's primary environment to the cloud. In addition, it offers Carbonite Migrate, which migrates physical, virtual, and cloud workloads over any distance 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

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$2.4571 per share
Book Value$7.44 per share

Profitability

Net Income$7.56 million

Miscellaneous

Employees959
Market Cap$836.91 million
Next Earnings Date5/6/2019 (Estimated)
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 declared that its board has authorized a share repurchase plan on Saturday, April 8th 2017, which allows the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.6% of its stock through a private placement purchase. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

How were Carbonite's earnings last quarter?

Carbonite Inc (NASDAQ:CARB) posted its quarterly earnings data on Thursday, February, 7th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.29 by $0.16. The technology company had revenue of $77 million for the quarter, compared to analyst estimates of $79.53 million. Carbonite had a net margin of 2.54% and a return on equity of 24.20%. The business's revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 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 Monday, May 6th 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, February, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $468-482 million, compared to the consensus revenue estimate of $334.58 million.Carbonite also updated its Q1 2019 guidance to EPS.

What price target have analysts set for CARB?

11 brokers have issued 1 year price objectives for Carbonite's shares. Their forecasts range from $25.00 to $50.00. On average, they expect Carbonite's stock price to reach $37.50 in the next year. This suggests a possible upside of 53.8% 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 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Carbonite.

Has Carbonite been receiving favorable news coverage?

News headlines about CARB stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Carbonite earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the stock's share price in the near future.

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 Alibaba Group (BABA), Micron Technology (MU), Square (SQ), salesforce.com (CRM), Intelsat (I), Twilio (TWLO), Intel (INTC), Adobe (ADBE), Bank of America (BAC) and NVIDIA (NVDA).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (6.68%), ETF Managers Group LLC (5.62%), Portolan Capital Management LLC (5.26%), Pembroke Management LTD (3.49%), Dimensional Fund Advisors LP (3.42%) and Dimensional Fund Advisors LP (3.42%). 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 Two Sigma Investments LP, Royce & Associates LP, New York State Common Retirement Fund, Penn Capital Management Co. Inc., Bank of New York Mellon Corp, Raymond James Financial Services Advisors Inc., Two Sigma Advisers LP and Crown Advisors Management Inc.. 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, 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 bought by a variety of institutional investors in the last quarter, including ETF Managers Group LLC, Portolan Capital Management LLC, Fort Washington Investment Advisors Inc. OH, Pembroke Management LTD, Millennium Management LLC, PNC Financial Services Group Inc., Elk Creek Partners LLC and First Trust Advisors LP. 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 $24.39.

How big of a company is Carbonite?

Carbonite has a market capitalization of $838.28 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.

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:  360 (Vote Outperform)
Underperform Votes:  259 (Vote Underperform)
Total Votes:  619
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 3/19/2019 by MarketBeat.com Staff

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