Topic: How To Invest

Spinoffs, Takeovers and Special Situations Hotline – Friday, September 13, 2019

Article Excerpt

CARBONITE INC., $15.51, symbol CARB on Nasdaq, is a provider of computer cloud backup and restore solutions. Together with its partners, it supports more than 1.5 million individuals and small businesses around the world. The company’s products include the following: Carbonite Computer Backup, which automatically backs up computer files directly to remote computer servers; Carbonite Server Backup, which offers hybrid backup for physical and virtual servers; Carbonite Office Power protects just one physical or virtual server; Carbonite Office Ultimate has all the features of Carbonite Office Power, but can protect multiple physical or virtual servers; and EVault Cloud Disaster Recovery Service, which is a cloud-based service focused on helping organizations recover their computer network systems after a disaster. On July 25, 2019, Carbonite announced its results for its second quarter. In the three months ended June 30, 2019, overall revenue rose 56.4%, to $121.5 million from $77.7 million a year earlier. Revenue was higher on improved sales of security software. That offset…

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