+ Watch CARB
on My Watchlist
Happy Carbonite customer. Revenue (subscription model) is going up, costs of memory decreasing exponentially.Heading towards break even point in other words.Insider buying. Over the past week two directors of Carbonite Inc reported insider buys. These directors made the first insider buys for the company since May 2012. The company has maintained a strong past of insider selling with only a handful of insider buys. Director Todd Krasnow purchased the larger amount on Nov. 20. The director purchased a total of 37,000 shares at an average price of $11.35 per share. This transaction cost Krasnow a total of $419,950. Since his buy the price per share has increased 10.48%. Krasnow now holds on to at least 234,771 shares of the company’s stock.
Steve Jobs once remarked of Dropbox: "It's a feature, not a product." He wanted to buy it and incorporate it into Apple products, but was not willing to pay more than $100M.So what does that say about Carbonite, which offers a narrower focused and basically uncompetitive backup service? It doesn't make sense as a standalone company - it is merely a feature. (So far, earnings confirm this.) The moat looks shallow, so displacing Carbonite will be fairly easy.
Performance in the market is based on so many crazy factors, but for me the things that stand out are company leadership and great products. Carbonite has both.
Carbonite is worth $15 million on paper and $250+ million on the market. Talk about overvalued. There is no moat in data backup technology. Why would people pay to have a company back up their files when they can keep all of their information secure and private by buying an external hard drive?
Some large company will buy them for "cloud" story.
everybody i know uses carb it is a great soft ware, takes the worry out of having a failure.
Takeover target... Carbonite meet Oracle. Oracle meet carbonite
Overvalued business with no competitive advantage.
Hands down the best online backup software on the market.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions