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

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$28.17 +0.03 (+0.11 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$28.14
Today's Range$27.90 - $28.36
52-Week Range$20.50 - $43.63
Volume152,900 shs
Average Volume288,569 shs
Market Capitalization$970.04 million
P/E Ratio56.04
Dividend YieldN/A
Beta0.81
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.

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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$239.46 million
Cash Flow$1.3121 per share
Book Value$1.37 per share

Profitability

Net Income$-4,000,000.00

Miscellaneous

Employees967
Market Cap$970.04 million
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 of Directors has approved a stock buyback plan on Saturday, April 8th 2017, which allows the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3.6% of its shares through a private placement purchase. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

How were Carbonite's earnings last quarter?

Carbonite Inc (NASDAQ:CARB) announced its earnings results on Thursday, November, 1st. The technology company reported $0.48 EPS for the quarter, topping the Zacks' consensus estimate of $0.41 by $0.07. The technology company had revenue of $79.10 million for the quarter, compared to the consensus estimate of $80.15 million. Carbonite had a net margin of 1.85% and a return on equity of 29.30%. The company's quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. View Carbonite's Earnings History.

When is Carbonite's next earnings date?

Carbonite is scheduled to release their next quarterly earnings announcement on Tuesday, February 12th 2019. View Earnings Estimates for Carbonite.

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

Carbonite issued an update on its fourth quarter earnings guidance on Thursday, November, 1st. The company provided EPS guidance of $0.40-0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.42. The company issued revenue guidance of $78.6-$81.6 million, compared to the consensus revenue estimate of $82.51 million.Carbonite also updated its FY 2018 guidance to $1.61-1.65 EPS.

What price target have analysts set for CARB?

11 brokerages have issued twelve-month price objectives for Carbonite's shares. Their forecasts range from $30.00 to $50.00. On average, they expect Carbonite's stock price to reach $38.70 in the next year. This suggests a possible upside of 37.4% 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 2 hold ratings and 9 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 stories about CARB stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Carbonite earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.

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 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 shareholders include Summit Creek Advisors LLC (1.51%), Scout Investments Inc. (0.55%) and Boston Advisors LLC (0.12%). Company insiders that own Carbonite stock include Anthony Folger, Cassandra Hudson, Danielle Sheer, David Friend, Deepak Mohan, Jeffry Flowers, 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 Summit Creek Advisors LLC and Scout Investments 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 Boston Advisors 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 $28.17.

How big of a company is Carbonite?

Carbonite has a market capitalization of $970.04 million 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.

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:  346 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  590
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 1/18/2019 by MarketBeat.com Staff

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