Carbonite Inc (NASDAQ:CARB) reported earnings of $0.45 per share beating Walls Streets expectations.

ME Staff
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Carbonite Inc (NASDAQ:CARB) reported Q2 2018 earnings this Afternoon, coming in at $0.45 per share, beating Wall Street’s estimates of $0.36 per Share. Revenue for the quarter came in at $77.70 million missing the streets estimates of $78.89 million

Recent Insider Trading for Carbonite Inc (NASDAQ:CARB)

  • On 7/30/2018 Cassandra Hudson, Insider, sold 3,125 with an average share price of $34.77 per share and the total transaction amounting to $108,656.25.
  • On 7/27/2018 Anthony Folger, CFO, sold 2,898 with an average share price of $36.20 per share and the total transaction amounting to $104,907.60.
  • On 7/27/2018 Danielle Sheer, General Counsel, sold 1,174 with an average share price of $36.20 per share and the total transaction amounting to $42,498.80.
  • On 7/27/2018 Norman Guadagno, SVP, sold 1,280 with an average share price of $36.20 per share and the total transaction amounting to $46,336.00.
  • On 7/23/2018 David Friend, Director, sold 698,080 with an average share price of $37.50 per share and the total transaction amounting to $26,178,000.00.
  • On 6/29/2018 Cassandra Hudson, Insider, sold 1,419 with an average share price of $34.55 per share and the total transaction amounting to $49,026.45.



    About Company
    Carbonite, Inc., together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe that offers annual and multi-year cloud backup plans for individuals or businesses; and Carbonite Endpoint Protection that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones. The company's solutions also comprise Carbonite Hybrid Backup, which protects a customer's data footprint on-premise and in the cloud and enables recovery while version history stored in the cloud safeguards against disaster; Carbonite Cloud Backup that automatically backs up data to the cloud and keeps physical and virtual systems protected with point-in-time restore; and Carbonite Onsite Backup, a flexible data protection solution, which backs up and replicates data securely across a customer's own private network. In addition, it offers Carbonite Availability that keeps critical business systems available on Windows and Linux servers; Carbonite Recover, a disaster recovery-as-a-service solution that securely replicates critical systems from a customer's primary environment to the cloud; Carbonite Migrate, which migrates physical, virtual, and cloud workloads to and from any environment with minimal risk and near-zero downtime; and Carbonite Email Archiving that provides MailStore offerings designed to meet the specific email archiving needs of customers in terms of performance, stability, functionality, and simplicity. The company provides its solutions through distributors, value-added resellers, managed service providers, and global systems integrators. Carbonite, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.

    Recent Analyst Rating for Carbonite Inc (NASDAQ:CARB)



      Recent Trading for Carbonite Inc (NASDAQ:CARB)
      Shares of Carbonite Inc closed the previous trading session at 35.20 up +0.60 1.73% with 34.25 shares trading hands.