NASDAQ:CARB - Carbonite Stock Price, Price Target & More

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$37.85 +0.55 (+1.47 %)
(As of 07/19/2018 08:54 AM ET)
Previous Close$37.30
Today's Range$36.90 - $38.20
52-Week Range$18.55 - $41.25
Volume595,222 shs
Average Volume281,943 shs
Market Capitalization$1.08 billion
P/E Ratio75.70
Dividend YieldN/A
Beta0.33
Carbonite logoCarbonite, 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
SymbolNASDAQ:CARB
CUSIP14133710
Phone617-587-1100

Debt

Debt-to-Equity Ratio3.02
Current Ratio0.73
Quick Ratio0.73

Price-To-Earnings

Trailing P/E Ratio75.70
Forward P/E Ratio36.75
P/E GrowthN/A

Sales & Book Value

Annual Sales$239.46 million
Price / Sales4.56
Cash Flow$1.3271 per share
Price / Cash28.52
Book Value$1.37 per share
Price / Book27.63

Profitability

EPS (Most Recent Fiscal Year)$0.50
Net Income$-4,000,000.00
Net Margins0.14%
Return on Equity35.49%
Return on Assets4.55%

Miscellaneous

Employees967
Outstanding Shares28,850,000
Market Cap$1,076.04

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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 will Carbonite's stock buyback program work?

Carbonite declared that its board has initiated a stock repurchase program on Saturday, April 8th 2017, which authorizes the company to buyback $20,000,000.00 in 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 usually a sign that the company's board of directors believes its stock is undervalued.

How were Carbonite's earnings last quarter?

Carbonite Inc (NASDAQ:CARB) posted its quarterly earnings results on Monday, May, 7th. The technology company reported $0.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.05. The technology company had revenue of $64.03 million for the quarter, compared to analysts' expectations of $63.51 million. Carbonite had a return on equity of 35.49% and a net margin of 0.14%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. View Carbonite's Earnings History.

When is Carbonite's next earnings date?

Carbonite is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Carbonite.

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

Carbonite updated its FY18 earnings guidance on Monday, July, 16th. The company provided EPS guidance of $1.62-1.68 for the period, compared to the Thomson Reuters consensus estimate of $1.57. The company issued revenue guidance of $302.5-312.5 million, compared to the consensus revenue estimate of $306.91 million.Carbonite also updated its Q2 guidance to $0.41-0.44 EPS.

What price target have analysts set for CARB?

7 equities research analysts have issued twelve-month price objectives for Carbonite's shares. Their predictions range from $30.00 to $38.00. On average, they anticipate Carbonite's stock price to reach $34.4286 in the next year. This suggests that the stock has a possible downside of 9.0%. View Analyst Ratings for Carbonite.

What is the consensus analysts' recommendation for Carbonite?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carbonite in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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. " (5/11/2018)
  • 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?

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?

News headlines about CARB stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. 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 0.23 on Accern's scale. They also assigned news articles about the technology company an impact score of 46.33 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are Carbonite's major shareholders?

Carbonite's stock is owned by a number of of retail and institutional investors. Top institutional investors include Summit Creek Advisors LLC (1.61%), Scout Investments Inc. (0.67%), Bank of Montreal Can (0.22%), Boston Advisors LLC (0.11%) and Pendal Group Ltd (0.08%). 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 major investors are selling Carbonite stock?

CARB stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, Pendal Group Ltd, Boston Advisors LLC, Bank of Montreal Can and Scout Investments Inc.. Company insiders that have sold Carbonite company stock in the last year include Anthony Folger, Cassandra Hudson, Danielle Sheer, Deepak Mohan, Marina Levinson, Norman Guadagno, Paul S Mellinger and Todd Krasnow. 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 $37.85.

How big of a company is Carbonite?

Carbonite has a market capitalization of $1.08 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)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  298 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  502
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 7/19/2018 by MarketBeat.com Staff

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