|Bid||23.83 x 1100|
|Ask||24.00 x 900|
|Day's Range||23.73 - 24.65|
|52 Week Range||22.35 - 43.63|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||108.41|
|Earnings Date||Feb 11, 2019 - Feb 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.50|
Carbonite (CARB) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
NEW YORK, Feb. 14, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Carbonite, Inc. , a global leader in data protection, today announced that the company is scheduled to participate at the following investor events:
Webroot employees in Broomfield were ducking out early to get a jumpstart on traffic on what was a cold and icy Thursday last week. “Once we sent that notice out, they did a turnaround and the town hall was packed,” Webroot CEO Mike Potts said. “I was concerned there were people there who weren’t Webrooters.” Officials from Boston-based Carbonite (Nasdaq: CARB) last week announced the company is acquiring Webroot, one of Colorado’s pioneer cybersecurity firms, in an all-cash deal.
Carbonite, the online backup and recovery company based in Boston, announcedlate yesterday that it will be acquiring Webroot, an endpoint security vendor,for $618
Carbonite (CARB) delivered earnings and revenue surprises of 7.14% and -2.56%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Boston-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 45 cents per share. The results topped Wall ...
An early Colorado cybersecurity company that made its name selling desktop anti-spyware software before pivoting its business to selling security products for more than 210,000 businesses has been acquired by a public tech company for $618.5 million. Officials from Boston-based Carbonite (Nasdaq: CARB) said Thursday that the company was acquiring Broomfield-based Webroot in an all-cash deal. Webroot was bought by a California private equity firm in 2005 for $108 million.
Carbonite Inc. shares fell in the extended session Thursday after the cloud-based data protection company topped Wall Street estimates for earnings but not revenue and announced an all-cash deal to acquire cybersecurity company Webroot. Carbonite shares dropped 5.6% after hours, following a 0.5% decline to close the regular session at $29.30. The company reported fourth-quarter net income of $719,000, or 2 cents a share, compared with a loss of $1.6 million, or 6 cents a share, in the year-ago period. Adjusted earnings were 45 cents a share. Revenue rose to $77 million from $61.7 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 42 cents a share on revenue of $79.9 million. Carbonite also said it will acquire Webroot for about $618.5 million in cash on hand in a deal it expects to close in the first quarter of 2019. Webroot reported fiscal 2018 revenue of about $215 million, Carbonite said. The company expects adjusted earnings before interest, tax, depreciation and amortization of $20 million to $25 million on adjusted revenue of $77 million to $78 million in the first quarter, and adjusted EBITDA of $129 million to $134 million on adjusted revenue of $488 million to $502 million for the year. Analysts expect adjusted EBITDA of $25 million on revenue of $80.7 million for the first quarter, and adjusted EBITDA of $334.9 million for the year. Carbonite said the outlook assumes nine months of contribution from Webroot.
Carbonite, Inc. (CARB) (“Carbonite” or the “Company”), a leading cloud-based data protection provider, and Webroot Inc. (“Webroot”), a leading cybersecurity company, today announced that they have entered into a definitive agreement under which Carbonite will acquire Webroot for approximately $618.5 million in cash. Carbonite will fund the transaction with existing cash on hand and funds secured under a new credit facility.
Carbonite, Inc. , a global leader in data protection, today announced financial results for the quarter and full year ended December 31, 2018. Carbonite also announced that Linda Connly, a sales and marketing veteran, has joined its Board of Directors.
Carbonite, Inc. , a global leader in data protection, announced that it will publish financial results for the fourth quarter and full year 2018 following the close of market on Thursday, February 7, 2019.
While small-cap stocks, such as Carbonite, Inc. (NASDAQ:CARB) with its market cap of US$899m, are popular for their explosive growth, investors should also be aware of their balance sheet to Read More...
Is Carbonite Inc (NASDAQ:CARB) a good bet right now? We like to analyze hedge fund sentiment before doing days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy league graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of […]
Iron Mountain (IRM) partners with Carbonite to provide data protection solutions. It plans to integrate the Carbonite Data Protection Platform into its Iron Cloud platform.
Does the November share price for Carbonite Inc (NASDAQ:CARB) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by taking the expected future cash flows and discounting Read More...
BOSTON, Nov. 29, 2018 -- Today, Carbonite, Inc. (NASDAQ: CARB), a global leader in data protection, and Iron Mountain Incorporated® (NYSE: IRM), the global leader for storage.
Carbonite, Inc. (CARB), a leading data protection provider for businesses, today announced that its Board of Directors approved a share repurchase program authorizing the purchase of up to $50 million of the Company’s common stock. Under this program, the Company may repurchase stock from time to time, in amounts, at prices, and at such times the Company deems appropriate, subject to market conditions, legal requirements and other considerations. The Company's repurchases may be executed using open market purchases, privately negotiated purchases or other transactions.
If the lawsuit progresses to trial, it could be the first major test of how Massachusetts courts will decide such cases in light of the noncompete reform law passed earlier this year.