QUOTE AND NEWS
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...
Benzinga  Feb 10  Comment 
Carbonite, Inc. (Nasdaq: CARB) (the "Company") announced today that founder David Friend will transition out of his role as President and Chief Executive Officer when his successor is named. Friend, 66, will remain directly involved with the...
SeekingAlpha  Jan 30  Comment 
Carbonite (CARB) Q4 2013 Earnings Call January 30, 2014 8:30 am ET Executives Emily Walt David Friend - Co-Founder, Chairman, Chief Executive Officer and President Anthony Folger - Chief Financial Officer, Principal Accounting...
StreetInsider.com  Jan 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Carbonite+%28CARB%29+Tops+Q4+EPS+by+9c/9104557.html for the full story.
Benzinga  Jan 30  Comment 
Carbonite (Nasdaq: CARB), a leading provider of cloud solutions that keep small businesses and home offices running smoothly, today announced the election of Stephen Munford to the Company's board of directors. Munford, who is the seventh member...
Biomass Magazine  Nov 1  Comment 
The California Air Resources Board has filed its response to a petition filed in the 9th circuit court to request a rehearing en banc with regard to a prior court ruling the state's low carbon fuel standard does not violate interstate commerce laws.
StreetInsider.com  Oct 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Carbonite+%28CARB%29+Tops+Q3+EPS+by+8c%3B+Issues+Strong+Q4+Outlook/8827963.html for the full story.
MarketWatch  Oct 30  Comment 
Carbonite Inc. said Wednesday that revenue jumped 28% in the third quarter, beating Wall Street's estimates. For the period ended Sept. 30, the data-storage and backup service provider reported a net loss of $1.2 million, or 5 cents per share,...




 
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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