SeekingAlpha  Aug 8  Comment 
ByMarshall Hargrave: Carbonite (NASDAQ:CARB) managed to beat 2Q earnings, but over the last month shares have tumbled 16%. EPS came in at a $0.03 loss, beating consensus of a $0.04 loss. Revenues also marginally beat, but grew 16% y/y and bookings...
Benzinga  Jul 30  Comment 
In a report published Wednesday, Bank of America analyst Scott S. Shiao downgraded the rating on Carbonite (NASDAQ: CARB) from Neutral to Underperform, but lowered the price target from $12.00 to $9.00. In the report, Bank of America noted,...
SeekingAlpha  Jul 30  Comment 
Carbonite Inc. (NASDAQ:CARB) Q2 2014 Earnings Conference Call July 29, 2014 8:30 AM ET Executives Emily Walt - IR Dave Friend - Chairman, President and CEO Anthony Folger - CFO Analysts Rob Owens - Pacific Crest Tim...
SeekingAlpha  Jun 18  Comment 
By Disciplined Investing: Carbonite (CARB), formed in 2005, is a provider of Cloud backup solutions for consumers and small-to-medium sized businesses. Carbonite provides secure online backup solutions, with anytime, anywhere access to customer...
Automotive World  Jun 12  Comment 
BY ALAN BUNTING. CARB’s 2050 vision sees the organisation indulging in ‘blue sky’ powertrain technology predictions The post COMMENT: CARB’s 2050 emissions vision – realistic or improbably optimistic? appeared first on Automotive World.
SeekingAlpha  Apr 29  Comment 
Start Time: 08:30 End Time: 08:55 Carbonite Inc. (CARB) Q1 2014 Earnings Conference Call April 29, 2014, 08:30 AM ET Executives David Friend - Chairman, President and CEO Anthony Folger - CFO and Treasurer Emily Walt - IR ...
Forbes  Apr 21  Comment 
A Series of Forbes Insights Profiles of Thought Leaders Changing the Business Landscape:  David Friend, Founder and CEO, Carbonite...
Biomass Magazine  Mar 11  Comment 
The California Air Resources Board held public workshops on proposed updates to the state's Low Carbon Fuel Standard and revisions to the related issue of indirect land use change (ILUC) on March 11.
Benzinga  Feb 11  Comment 
Insmed (NASDAQ: INSM) shares dropped 13.24% to $16.58 in pre-market trading. Insmed announced a contract manufacturing pact with Therapure BioPharma. Canadian Solar (NASDAQ: CSIQ) dipped 6.70% to $36.50 after the company announced the...
SeekingAlpha  Feb 10  Comment 
ByMarshall Hargrave: Despite posting a record quarter in 4Q 2013, Carbonite Management (CARB) is now trading near 52-week lows. Carbonite managed to generate record levels of revenues and free cash flow during 4Q, marking the company's second...


Carbonite (NASDAQ:CARB) is a web-based technology company which offers customers the ability to backup their files and access them anywhere. Carbonite focuses on small and medium businesses, and allows them backup on the cloud files from computers, smartphones, and cameras. The platform, once enabled, continuously backups files onto the cloud. Carbonite makes money by charging a flat yearly fee for unlimited usage. Carbonite's technology relies on businesses accepting to have their files hosted on Carbonite's servers.[1]

Business Overview

For the full year 2010, Carbonite's total revenue was $39.6M. This was a 102% increase over the total revenue of $19.1M in 2009. The company had not achieved a net income however, as of 2010. In 2009, its net loss was $19.2M and in 2010 it was $25.8M. A large sales and marketing cost from the larges sales team caused such a net loss. [2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on August 10, 2011. The company offered 6.25M shares each for $10. This was at the low end of the revised price range of $10-$11. The company had originally announced that it would sell its stock between $15 and $17 per share. The lead underwriters of the deal were Bank of America (BAC) and J P Morgan Chase (JPM).[3]

Trends & Forces

Cloud based service

Carbonite's service fundamentally relies on syncing business data onto the cloud. In this case, the cloud refers to a decentralized servers which are not directly controlled by business whose files are being backedup. It is not clear of the wider business community will be willing to have their files stored on someone else's servers. This is because the businesses can not completely control their own files which likely contain confidential information. In addition, some industries, like the financial industry, are highly regulated and are often unable to store files in such a manner. Carbonite's future is dependent on the continued acceptance of cloud computing. [4]

  1. CARB S-1/A 2011 PROSPECTUS SUMMARY "Overview" pg 1
  2. CARB S-1/A 2011 PROSPECTUS SUMMARY "Summary Consolidated Financial and Other Data" pg 7
  3. Renaissance Capital - IPO Home "Carbonite prices IPO at $10, at low end of revised range" 10 August 2011
  4. CARB S-1/A 2011 PROSPECTUS SUMMARY "Risk Factors" pg 24-27
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