#CARBONITE STOCK SOFTWARE#

The Motley Fool has no position in any of the stocks mentioned. and approximately 332,000 shares of Carbonite stock worth 5.5 million. The $16,728 Social Security Bonus You Cannot Afford to MissĢ0 of the Top Stocks to Buy (Including the Two Every Investor Should Own)Įvan Niu, CFA has no position in any of the stocks mentioned. The deal augments Carbonites ability to keep SMB. Investors weren't happy that Carbonite cut its full-year outlook, and the company now expects 2019 adjusted revenue to be $477.5 million to $482.5 million, down from a prior forecast of $491 million to $505 million. In terms of outlook, adjusted revenue in the third quarter is expected to be $131 million to $133 million, which should translate into adjusted EBITDA of $34 million to $37 million. Find stock and reserve your Yakima SkyBox 18 Carbonite Cargo Box for pickup from the stores below Availability is not guaranteed until you receive a confirmation from our staff. 'We remain committed to capitalizing on the opportunity of combining data protection and security, while we improve the effectiveness of our go-to-market efforts and deliver on our profitability targets.'

#CARBONITE STOCK SOFTWARE#

'Our security software business performed well during the quarter, however, we continued to experience challenges in parts of our data protection business,' Munford said in a statement. Carbonite named Steve Munford as interim CEO Munford is currently Carbonite's chairman of the board. OpenText, which has a market capitalization of $15 billion, provides enterprise information management software, helping companies digitize processes and supply chains for more efficient operations among other services.CEO Mohamad Ali announced that he was stepping down in order to become CEO of IDG, which operates media brands like Computerworld, CIO, and Macworld, among others. The company says it expects to close the deal within 90 days.

How much money does Carbonite make Carbonite (NASDAQ:CARB) has a market capitalization of 804.44 million and generates 296.41 million in revenue each year. Under the deal, OpenText will pay $23 per share in cash for about $800 million in total, while debt obligations bring the total deal value to about $1.42 billion. Carbonite trades on the NASDAQ under the ticker symbol 'CARB.' What is Carbonites stock price today One share of CARB stock can currently be purchased for approximately 22.98. market, OpenText can leverage its network of clients globally in places like the U.K., France, Germany, Japan, Singapore and Australia to expand demand.

He said that with Carbonite focused largely on the U.S.

'We put security front and centre only about two years ago when we acquired Guidance, so it's a low penetration rate for us, it's still early days.' Expanding demand The acquisition will strengthen Open Text's security offerings for its cloud platforms, said Barrenechea.Ĭloud computing has become a key focus for many of the world's largest technology companies including Amazon, Google, IBM, Microsoft and Alibaba. In the short term (2weeks), CARBs stock price should outperform the market by 0.96.During that period the price should oscillate between -5.20 and +5.38. The transaction is subject to customary closing conditions, including the tender of a majority of the outstanding shares of Carbonite common stock and.

Open Text to buy customer communications assets from HP for $315 million USīoston-based Carbonite brings a focus of cloud-based subscription data protection, backup, disaster recovery, and end-point security for a variety of customers. CARB stock forecast Our latest prediction for Carbonite, Inc.s stock price was made on the Jwhen the stock price was at 26.27.

2019: Waterloo region tech leaders predict change on new year horizon.