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Carbonite, Inc. (CARB) provides cloud and hybrid business continuity solutions to small and medium sized businesses, and individuals in the United States.
Its solutions include Carbonite Personal, which offers annual plans that comprise cloud backup for one computer at three service levels, including Personal Basic, Personal Plus, and Personal Prime; and Carbonite Pro that automatically backs up files to the cloud and includes various devices through annual plans at Pro Basic, Pro Prime, and Pro Advanced Bundle service levels.
The company also offers Carbonite Server Backup, a hybrid server backup solution that provides annual plans at Server Essentials, Server Advanced, and Server Pro Bundle service levels for protecting a range of physical and virtual servers and providing management capabilities, such as scheduling, retention, bandwidth and compression settings, and detaile2d monitoring and reporting via a personalized server dashboard.
In addition, its MailStore solution provides MailStore Server, MailStore Provider Edition, and MailStore Home market solutions to meet the specific email archiving needs.
Further, the company offers server software designed primarily for cloud backup. It encrypts files using a secure key before the files leave the customers computer and transmit the encrypted files over the Internet to one of its data centers, as well as on its servers to guard against unauthorized access. The company offers its solutions through distributors, resellers, and retailers.
Shares have formed a shallow bullish "cup and handle" and are about to move higher out of this formation.
52-Weeks Trading Range: $6.50 - $14.96
Entry Point: $14.80
Stop Loss: $14.00
Target Price: $16.30
CARB closed at $16.39
