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
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 Ratio73.60
Forward P/E Ratio35.73
P/E GrowthN/A
Sales & Book Value
Annual Sales$239.46 million
Price / Sales4.41
Cash Flow$1.2616 per share
Price / Cash29.17
Book Value$1.37 per share
Price / Book26.86
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 Shares28,680,000
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 stock buyback program on Saturday, April 8th 2017, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 3.6% of its shares through a private placement purchase. Shares repurchase programs are typically a sign that the company's management 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 Thomson Reuters' consensus estimate of $0.22 by $0.05. The technology company earned $64.03 million during the quarter, compared to analyst estimates of $63.51 million. Carbonite had a return on equity of 35.49% and a net margin of 0.14%. Carbonite's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. View Carbonite's Earnings History.
When is Carbonite's next earnings date?
What guidance has Carbonite issued on next quarter's earnings?
Carbonite issued an update on its FY18 earnings guidance on Monday, May, 7th. The company provided earnings per share guidance of $1.51-1.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.49. The company issued revenue guidance of $302.5-312.5 million, compared to the consensus revenue estimate of $305.39 million.Carbonite also updated its Q2 guidance to $0.34-0.38 EPS.
What price target have analysts set for CARB?
7 Wall Street analysts have issued 1-year price objectives for Carbonite's stock. Their predictions range from $27.00 to $37.00. On average, they anticipate Carbonite's stock price to reach $32.8571 in the next year. 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. " (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?
Some companies that are related to Carbonite include CarGurus (CARG), PagSeguro Digital (PAGS), Zynga (ZNGA), Smartsheet (SMAR), Acxiom (ACXM), Five9 (FIVN), Cars.com (CARS), Globant (GLOB), MINDBODY (MB), Yext (YEXT), Fang (SFUN), Bitauto (BITA), Trivago (TRVG), Shutterstock (SSTK) 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)
- Mr. Paul S. Mellinger, Sr. VP of Global Sales (Age 56)
- Mr. Norman S. Guadagno, Sr. VP of Marketing (Age 54)
Has Carbonite been receiving favorable news coverage?
Press coverage about CARB stock has been trending somewhat negative this week, according to Accern. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carbonite earned a media sentiment score of -0.18 on Accern's scale. They also gave media coverage about the technology company an impact score of 46.38 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Carbonite's major shareholders?
Carbonite's stock is owned by many different of retail and institutional investors. Top institutional shareholders include ETF MANAGERS GROUP, LLC (6.91%), ETF Managers Group LLC (6.45%), BlackRock Inc. (5.75%), PORTOLAN CAPITAL MANAGEMENT, LLC (5.01%), Dimensional Fund Advisors LP (3.97%) and Russell Investments Group Ltd. (3.20%). 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., Fort Washington Investment Advisors Inc. OH, Argent Capital Management LLC, Redwood Investments LLC, Millrace Asset Group Inc., Unterberg Capital LLC, Timpani Capital Management LLC and Penn Capital Management Co. 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.
Which institutional investors are buying Carbonite stock?
CARB stock was acquired by a variety of institutional investors in the last quarter, including ETF Managers Group LLC, Millennium Management LLC, Carillon Tower Advisers Inc., Summit Trail Advisors LLC, Lyon Street Capital LLC, Connors Investor Services Inc., Mackay Shields LLC and EAM Global Investors 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 $36.80.
How big of a company is Carbonite?
Carbonite has a market capitalization of $1.09 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 (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.
