Key Developments: Carbonite Inc (CARB.OQ)

CARB.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Carbonite Inc unanimously rejects unsolicited tender offer from j2 Global
Friday, 9 Jan 2015 05:30pm EST 

Carbonite Inc:Has unanimously rejected the unsolicited tender offer from j2 Global, Inc. (j2) to acquire all of the outstanding shares of Carbonite for $15.00 per share in cash.Board, in consultation with its legal and financial advisors, determined that j2's unsolicited tender offer substantially undervalues the Company and is not in the best interests of Carbonite stockholders.Accordingly, the Carbonite Board strongly recommends that Carbonite stockholders not tender any of their shares into the j2 offer.Carbonite Board also announced that it has authorized the exploration of strategic alternatives, including a potential sale of company and/or potential material acquisitions, in order to maximize stockholder value.Board has not made a determination to enter into any transaction at this time or in the future, and there can be no assurances that any such transaction can or will be completed.Company does not intend to provide updates unless and until the Board approves a specific transaction or otherwise determines that disclosure is appropriate or necessary.  Full Article

Carbonite Inc to acquire MailStore
Monday, 15 Dec 2014 09:15am EST 

Carbonite Inc and MailStore:Says they have entered into a definitive agreement whereby Carbonite will acquire MailStore.  Full Article

Carbonite Inc names New President and CEO
Thursday, 4 Dec 2014 08:38am EST 

Carbonite Inc:Directors has named Mohamad Ali as company's next President and Chief Executive Officer, effective Dec. 3, 2014.Says Ali was also elected to company's Board of Directors.Ali succeeds Carbonite co-founder David Friend, who will now serve as Executive Chairman of Board.  Full Article

Carbonite Inc gives Q4 2014 guidance in line with analysts' estimates; lowers high end of prior FY 2014 revenue guidance; raises FY 2014 EPS guidance - Conference Call
Thursday, 30 Oct 2014 08:30am EDT 

Carbonite Inc:Expects Q4 2014 revenue to be in the range of $31.7 million to $32.1 million.Expects Q4 2014 bottom line to be in the range of a non-GAAP net loss of $0.04 to $0.02 per share.Revises FY 2014 guidance for revenue and profitability.Narrows FY 2014 revenue guidance to be in the range of $122.4 million to $122.8 million.Expects FY 2014 bottom line to be between a $0.01 non-GAAP net loss to $0.01 of non-GAAP net income per share.FY 2014 revenue of $122.6 mln and EPS of ($0.03) - Thomson Reuters I/B/E/S.Q4 2014 revenue of $31.9 mln and EPS of ($0.03) - Thomson Reuters I/B/E/S.  Full Article

Carbonite Inc narrows FY 2014 revenue guidance to a range in line with analysts' estimates, raises EPS guidance - Conference Call
Tuesday, 29 Jul 2014 08:30am EDT 

Carbonite Inc:Now expects FY 2014 revenue guidance to be in the range of $122.4 to $123 million.FY 2014 non-GAAP net loss to be in the range of $0.06 to $0.02 per share.FY 2014 revenue of $122.7 mln and EPS of ($0.06) - Thomson Reuters I/B/E/S.  Full Article

Carbonite Inc gives Q2 2014 guidance in line with analysts' estimates; raises FY 2014 guidance - Conference Call
Tuesday, 29 Apr 2014 08:30am EDT 

Carbonite Inc:Revises FY 2014 guidance for revenue and profitability.Expects FY 2014 revenues to be in the range of $121.7 mln to $123.4 mln.Expects FY 2014 non-GAAP net loss (EPS) to be in the range of $0.10 to $0.04 per share.Expects Q2 2014 revenue to be in the range of $30 mln to $30.2 mln.Expects Q2 2014 non-GAAP net loss to be in the range of $0.05 to $0.03 per share.FY 2014 revenue of $121.7 mln and EPS of ($0.13) - Thomson Reuters I/B/E/S.Q2 2014 revenue of $30 mln and EPS of ($0.03) - Thomson Reuters I/B/E/S.  Full Article

Carbonite Inc announces partnership with D&H Distributing
Wednesday, 12 Feb 2014 09:41am EST 

Carbonite Inc:Says it has expanded its distribution network through a partnership with D&H Distributing Co.  Full Article

Carbonite Inc announces CEO succession plan
Monday, 10 Feb 2014 04:15pm EST 

Carbonite Inc:Says David Friend will transition out of his role as President and Chief Executive Officer when his successor is named.Says upon the appointment of a successor President and Chief Executive Officer, Friend will take on the role of Executive Chairman of the Board of Directors.  Full Article

Carbonite Inc gives Q1 2014 mixed outlook; gives FY 2014 net loss outlook; revenue outlook below analysts' estimates
Thursday, 30 Jan 2014 07:03am EST 

Carbonite Inc:Sees Q1 2014 revenues to be in the range of $28.3-$28.7 mln.Sees Q1 2014 non-GAAP net loss per share to be in the range of ($0.03)-($0.05).Sees FY 2014 revenues to be in the range of $120.8-$122.8 mln.Sees FY 2014 non-GAAP net loss per share to be in the range of ($0.10) to ($0.16).Q1 2014 revenue of $29.4 mln, EPS of ($0.12) - Thomson Reuters I/B/E/S.FY 2014 revenue of $126.6 mln, EPS of ($0.16) - Thomson Reuters I/B/E/S.  Full Article

Carbonite Inc Issues Q4 2013 Guidance; EPS Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
Wednesday, 30 Oct 2013 04:06pm EDT 

Carbonite Inc announced that for fourth quarter of 2013, it expects total revenue to be in the range of $28.3 million to $28.5 million and non-GAAP net loss per diluted common share to be in the range of ($0.04) to ($0.02). The Company expects total revenue for fiscal 2013 to be in the range of $106.7 million to $106.9 million and non-GAAP net loss per diluted common share to be in the range of ($0.23) to ($0.21). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $28 million and EPS of $(0.08) for fourth quarter of 2013; revenue of $106 million and EPS of $(0.34) for fiscal 2013.  Full Article

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