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.
Industry, Sector and Symbol
Industry Data processing & preparation
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Phone617-587-1100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$296.41 million
Profitability
Miscellaneous
Employees959
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 announced that its Board of Directors has authorized a share repurchase plan 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 reacquire up to 3.6% of its stock through a private placement purchase. Stock buyback plans are generally 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) released its earnings results on Thursday, February, 7th. The technology company reported $0.45 earnings per share for the quarter, beating the Zacks' 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%. Carbonite's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 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 FY 2019 earnings guidance on Thursday, February, 7th. The company provided 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 brokerages have issued 12 month target prices for Carbonite's shares. Their forecasts range from $25.00 to $50.00. On average, they expect Carbonite's share price to reach $37.50 in the next twelve months. This suggests a possible upside of 51.4% 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 articles about CARB stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Carbonite earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are some of Carbonite's key competitors?
Some companies that are related to Carbonite include Five9 (FIVN), Corelogic (CLGX), Globant (GLOB), Yext (YEXT), Upwork (UPWK), Evertec (EVTC), Inovalon (INOV), MINDBODY (MB), Shutterstock (SSTK), Trivago (TRVG), Cars.com (CARS), CSG Systems International (CSGS), Bitauto (BITA), Liberty Tripadvisor Holdings Inc Series A (LTRPA) and Tucows (TCX).
What other stocks do shareholders of Carbonite own?
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 variety of of institutional and retail investors. Top institutional shareholders 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 $24.77.
How big of a company is Carbonite?
Carbonite has a market capitalization of $851.22 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?
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.
