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Automotive World  Jun 9  Comment 
Not all OEMs have to produce ZEVs to meet California’s new ZEV mandates The post Changes in California’s ZEV rules “provide more flexibility,” says CARB appeared first on Automotive World.
MarketWatch  Jun 1  Comment 
Lumber Liquidators Holdings Inc. disclosed in a regulatory filing on Monday, in response to inquiries over why it relabeled certain engineered hardwood flooring products, that it did so because a supplier put some California Air Resources Board...
Forbes  May 8  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they...
Benzinga  May 6  Comment 
Nina McIntyre, Chief Marketing Officer – Nina McIntyre has held senior leadership positions at leading software and technology firms, including CMO at ATG (acquired by Oracle in 2011), SVP of Marketing at Authoria, and product group General...
Benzinga  Apr 16  Comment 
Pernix Therapeutics Holdings Inc (NASDAQ: PTX) dipped 14.74 percent to $8.50 after the company issued a disappointing sales guidance and announced a private offering of $120 million of convertible senior notes due 2021. ForceField Energy Inc ...
Jutia Group  Apr 9  Comment 
[at American City Business Journals] - Boston-based Internet service provider netBlazr is gearing up to compete with the likes of Comcast and Verizon, fueled with a recent investment from David Friend, co-founder of Carbonite. Friend, formerly the...
Wall Street Journal  Apr 2  Comment 
J2 Global Inc. disclosed Thursday that it has approached Carbonite Inc. about buying its endpoint business, just a month after withdrawing its bid to buy the portion of the data-backup provider it doesn’t already own.
Benzinga  Mar 26  Comment 
In a report published Thursday, Wedbush Securities analyst Shyam Patil reiterated an Outperform rating and $75.00 price target on J2 Global Inc. (NASDAQ: JCOM). In the report, Wedbush Securities noted, "Recall that j2 is attempting to acquire...
Motley Fool  Mar 14  Comment 
Wood-flooring retailer Lumber Liquidators' response to "60 Minutes."




 
TOP CONTRIBUTORS

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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