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NASDAQ:CARBCarbonite Stock Price, Forecast & News

$22.98
0.00 (0.00 %)
(As of 01/10/2020)
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Today's Range
$22.98
Now: $22.98
$22.98
50-Day Range
$22.98
MA: $22.98
$22.98
52-Week Range
$11.86
Now: $22.98
$29.77
Volume400 shs
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. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.46 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryInternet Software & Services
Current SymbolNASDAQ:CARB
CUSIP14133710
Phone617-587-1100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$296.41 million
Cash Flow$2.49 per share
Book Value$7.44 per share

Profitability

Net Income$7.56 million

Miscellaneous

Employees959
Market Cap$804.53 million
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Carbonite (NASDAQ:CARB) Frequently Asked Questions

How has Carbonite's stock been impacted by COVID-19 (Coronavirus)?

Carbonite's stock was trading at $22.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CARB stock has increased by 0.0% and is now trading at $22.98. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Carbonite?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carbonite in the last year. There are currently 1 sell rating, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Carbonite.

When is Carbonite's next earnings date?

Carbonite is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Carbonite.

How were Carbonite's earnings last quarter?

Carbonite Inc (NASDAQ:CARB) issued its quarterly earnings data on Tuesday, November, 12th. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.25. The technology company had revenue of $125.80 million for the quarter, compared to analyst estimates of $125.76 million. Carbonite had a negative net margin of 5.55% and a positive return on equity of 22.46%. The business's revenue was up 61.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. View Carbonite's earnings history.

What price target have analysts set for CARB?

10 brokers have issued 12 month target prices for Carbonite's shares. Their forecasts range from $16.00 to $29.00. On average, they anticipate Carbonite's stock price to reach $22.44 in the next twelve months. This suggests that the stock has a possible downside of 2.3%. View analysts' price targets 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?

Press coverage about CARB stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Carbonite earned a coverage optimism score of 0.2 on InfoTrie's scale. They also gave news coverage 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 company's share price in the near term. View the latest news about 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 Alibaba Group (BABA), Intelsat (I), Micron Technology (MU), New Mountain Finance (NMFC), Adobe (ADBE), salesforce.com (CRM), Netflix (NFLX), Paypal (PYPL), Bank of America (BAC) and Bristol-Myers Squibb (BMY).

Who are Carbonite's key executives?

Carbonite's management team includes the following 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)

What is Carbonite's stock symbol?

Carbonite trades on the NASDAQ under the ticker symbol "CARB."

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.

What is Carbonite's official website?

The official website for Carbonite is 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]

This page was last updated on 7/14/2020 by MarketBeat.com Staff

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