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Carbonite, Inc. (CARB) 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.
Shares have moved above their 50-day moving average on heavy volume. We are now hearing rumors that company is a takeover target.
Entry Point: $17.00
Trading Range: $11.86 to $35.735
Stop Loss: $16.00
Target Price: $19.00
CARB closed at $22.90
