Bulk Transporter  Nov 12  Comment 
The Owner-Operator Independent Drivers Association’s said it will appeal the ruling by the US District Court, Eastern District of California dismissing the lawsuit filed against CARB in December 2013 in connection with the Truck and Bus...
Benzinga  Oct 2  Comment 
Lake Street Capital Markets initiated coverage of Carbonite Inc (NASDAQ: CARB) with a Buy rating and $16 price target. Analyst Eric Martinuzzi issued a report in which he expressed that Carbonite represents a “hidden growth...
SeekingAlpha  Sep 24  Comment 
By Alternative Activist: History Lesson Carbonite (NASDAQ:CARB) was founded in 2005 to provide cloud backup solutions with anytime, anywhere access to files stored on its servers. The Company cut its teeth in the consumer market, and with its...
DailyFinance  Sep 18  Comment 
Fuel Tech, Inc. (NASDAQ:FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced that it has acquired the...
StreetInsider.com  Sep 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Fuel+Tech+%28FTEK%29+Acquires+IP+Related+to+CARBONITE+/9845375.html for the full story.
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...


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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