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NASDAQ:CARB - Carbonite Stock Price, Forecast & News

$22.98
0.00 (0.00 %)
(As of 01/23/2020 12:50 PM ET)
Add
Compare
Today's Range
$22.98
Now: $22.98▼
$22.98
50-Day Range
$22.93
MA: $22.97▼
$22.99
52-Week Range
$11.86
Now: $22.98▼
$29.77
VolumeN/A
Average Volume798,577 shs
Market Capitalization$804.53 million
P/E Ratio18.38
Dividend YieldN/A
Beta0.85
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. Read More…

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Data processing & preparation
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Current SymbolNASDAQ:CARB
Previous Symbol
CUSIP14133710
CIK1340127
Webhttp://www.carbonite.com/
Phone617-587-1100

Debt

Debt-to-Equity Ratio2.58
Current Ratio0.68
Quick Ratio0.68

Price-To-Earnings

Trailing P/E Ratio18.38
Forward P/E Ratio15.53
P/E Growth0.78

Sales & Book Value

Annual Sales$296.41 million
Price / Sales2.71
Cash Flow$2.49 per share
Price / Cash Flow9.24
Book Value$7.44 per share
Price / Book3.09

Profitability

EPS (Most Recent Fiscal Year)$1.25
Net Income$7.56 million
Net Margins-5.55%
Return on Equity22.46%
Return on Assets5.19%

Miscellaneous

Employees959
Outstanding Shares35,010,000
Market Cap$804.53 million
Next Earnings Date2/6/2020 (Estimated)
OptionableOptionable

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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 were Carbonite's earnings last quarter?

Carbonite Inc (NASDAQ:CARB) issued its earnings results on Tuesday, November, 12th. The technology company reported $0.60 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.35 by $0.25. The technology company earned $125.80 million during the quarter, compared to the consensus estimate of $125.76 million. Carbonite had a positive return on equity of 22.46% and a negative net margin of 5.55%. The firm's revenue for the quarter was up 61.9% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. View Carbonite's Earnings History.

When is Carbonite's next earnings date?

Carbonite is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Carbonite.

What price target have analysts set for CARB?

11 equities research analysts have issued 12-month price objectives for Carbonite's shares. Their forecasts range from $16.00 to $33.00. On average, they anticipate Carbonite's share price to reach $23.50 in the next twelve months. This suggests a possible upside of 2.3% 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 1 sell rating, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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. Northland Securities analysts commented, "We note that Steve Mumford, board member and Interim CEO is taking an active role while the search for a new CEO continues." (9/5/2019)
  • 2. 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. " (7/25/2019)

Has Carbonite been receiving favorable news coverage?

News stories about CARB stock have been trending very negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Carbonite earned a media sentiment score of -3.6 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Carbonite.

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 Intelsat (I), Adobe (ADBE), Micron Technology (MU), Bank of America (BAC), Netflix (NFLX), NVIDIA (NVDA), Paypal (PYPL), Alibaba Group (BABA), New Mountain Finance (NMFC) and Visa (V).

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)

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, Robinhood, Fidelity and Charles Schwab.

What is Carbonite's stock price today?

One share of CARB stock can currently be purchased for approximately $22.98.

How big of a company is Carbonite?

Carbonite has a market capitalization of $804.53 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.View Additional Information About Carbonite.

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:  2.8 out of 5 (star star)
Outperform Votes:  432 (Vote Outperform)
Underperform Votes:  337 (Vote Underperform)
Total Votes:  769
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 1/23/2020 by MarketBeat.com Staff

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