Last $10.91 USD
Change Today +0.03 / 0.28%
Volume 11.5K
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As of 11:21 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

carbonite inc (CARB) Snapshot

Open
$10.89
Previous Close
$10.88
Day High
$11.00
Day Low
$10.81
52 Week High
09/11/13 - $16.50
52 Week Low
04/15/14 - $8.26
Market Cap
291.2M
Average Volume 10 Days
55.9K
EPS TTM
$-0.15
Shares Outstanding
26.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARBONITE INC (CARB)

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carbonite inc (CARB) Details

Carbonite, Inc. provides cloud backup solutions with access to files stored in its servers in the United States. The company’s solutions enable its customers to manually pick and choose, which files to back up; restore files, which are accidentally deleted or overwritten; and browse and share photos, music and videos, and documents using a Web browser or free iPad, iPhone, and Android apps to its customers. Its solutions also enable its customers to encrypt files before they are transmitted to its data centers, as well as guards against unauthorized access to stored files. The company offers Carbonite Personal Basic, Carbonite Personal Plus, Carbonite Personal Prime, Carbonite Pro Basic, Carbonite Pro Plus, and Carbonite Pro Prime solutions to access, edit, and share backed-up files from any devices. In addition, it provides server software designed primarily for cloud backup. Carbonite, Inc. offers its solutions through distributors, resellers, and retailers. Carbonite, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.

421 Employees
Last Reported Date: 03/5/14
Founded in 2005

carbonite inc (CARB) Top Compensated Officers

Co-Founder, Executive Chairman, Chief Executi...
Total Annual Compensation: $340.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $279.1K
Vice President, General Counsel and Secretary
Total Annual Compensation: $250.0K
Senior Vice President of Sales and Marketing
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

carbonite inc (CARB) Key Developments

Carbonite, Inc. Introduces Carbonite Appliance HT10 Hybrid Backup Appliance Designed for Small Businesses, Sold Exclusively Through Channel

Carbonite, Inc. introduced the Carbonite Appliance HT10, hybrid backup solution designed to meet the needs of small businesses. The Carbonite Appliance delivers the speed of local backup and the ultimate safety of the cloud, protecting businesses against data loss and minimizing downtime, at a disruptive, low cost. With the launch of the channel-exclusive Carbonite Appliance, Carbonite continues to prove its commitment to its partners and the small business market. For channel partners, the Carbonite Appliance is a cost-effective, easy-to-deploy solution that allows partners to provide centrally-managed local and cloud data backup to their small business clients. The Carbonite Appliance is fully managed by the channel partner, allowing partners to increase their interaction with clients, empowering them to strengthen existing relationships and providing the opportunity to drive revenue through business growth. With the new hybrid backup appliance, Carbonite is providing partners unparalleled control and a solution that is designed to keep their clients' businesses moving and take their own businesses to the next level. The Carbonite Appliance provides partners and their small business clients with the following benefits: Hybrid Solution: Carbonite provides an appliance for local backups, and automatically copies all stored data to the cloud ensuring businesses can get data back quickly and completely. The appliance includes 1TB of local storage plus 500GB of cloud storage. Simplicity: Setting up the appliance is done in three easy steps. Carbonite provides the partner with an intuitive interface that makes it easy to configure, monitor and manage the backup and restore processes. Affordability: No hardware fees, upfront costs or per-server license fees. The Carbonite Appliance meets small businesses' needs, as well as their budgets. Speed: Bare metal recovery ensures that a business can get back up and running quickly by restoring the full system, including operating systems, applications, databases and files to new or existing hardware. Security: Data is transferred using SSL encryption and stored with AES-256 encryption server-side.

Carbonite, Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-12-2014 09:20 AM

Carbonite, Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-12-2014 09:20 AM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States.

Carbonite, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014; Revised Earnings Guidance for the Full Year 2014

Carbonite, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of $29.1 million, an increase of 19% from $24.5 million in the first quarter of 2013. Net loss was $1.0 million, compared to a net loss of $7.4 million in the first quarter of 2013. Non-GAAP net income for the first quarter was $0.5 million, compared to non-GAAP net loss of $4.7 million in the first quarter of 2013. Net loss was $0.04 per share basic and diluted compared to a net loss of $0.29 per share basic and diluted in the first quarter of 2013. Non-GAAP net earnings were $0.02 per share basic and diluted for the first quarter, compared to non-GAAP net loss of $0.18 per share basic and diluted in the first quarter of 2013. Cash flow from operations was $7.3 million compared to $3.8 million in the first quarter of 2013. Non-GAAP free cash flow for the first quarter was $4.2 million, compared to $0.7 million in the first quarter of 2013. Loss from operations was $942,000 against $7,411,000 a year ago. Loss before income taxes was $972,000 against $7,409,000 a year ago. Net cash provided by operating activities was $7,324,000 against $3,785,000 a year ago. Capital expenditure for the first quarter was $3.1 million compared to $3.1 million in the year-ago quarter. For the second quarter of 2014, revenues are expected to be in the range of $30.0 million -$30.2 million and non-GAAP net loss per share to be in the range of $0.05-$0.03. Based on first quarter performance, the company is revising its full year guidance for revenue and profitability. The company now expect revenues to be in the range of $121.7 million to $123.4 million, and non-GAAP net loss to be in a range of $0.10 to $0.04 per share. The company still expect gross margin for the full year to be relatively flat compared to 2013, and free cash flow in the range of $12 million to $14 million before one-time items associated with the relocation of corporate headquarters in Boston and one of data centers.

 

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Price/Book 21.4x
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TEV/Sales 2.0x
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