QUOTE AND NEWS
Benzinga  Jan 27  Comment 
j2 Global, Inc. (NASDAQGS: JCOM) announced today that its tender offer for all outstanding shares of Carbonite, Inc. (NASDAQ: CARB) common stock was set to expire at 5:00 p.m., New York City time on January 26, 2015 and that, at that time, a total...
Benzinga  Dec 24  Comment 
Adamas Pharmaceuticals, Inc. (NASDAQ: ADMS) surged 18.16% to $17.31. The volume of Adamas Pharmaceuticals shares traded 5466% higher than normal. The FDA approved a New Drug Application for Adamas Pharmaceuticals' Namzaric for the treatment of...
Wall Street Journal  Dec 23  Comment 
An investor in data-backup provider Carbonite encouraged the company to negotiate with J2 Global, which has offered to buy the part of the company it doesn’t already own.
InfoStor  Dec 17  Comment 
In addition to email archives, Carbonite's cloud backup platform will gain full-text search and indexing capabilities.
Benzinga  Dec 15  Comment 
Carbonite, Inc. (Nasdaq: CARB), a leading provider of cloud and hybrid backup and recovery solutions for businesses, and MailStore, a leader in email archiving solutions for small and midsize businesses (SMBs), have announced that the companies...
Benzinga  Dec 11  Comment 
Carbonite Inc (Nasdaq: CARB) shares were largely unmoved Thursday by a nudge from suitor J2 Global Inc (NASDAQ: JCOM) concerning its earlier, $15 unsolicited bid. J2, which currently owns about 9.5 percent stake in Carbonite, made the offer...




 
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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