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Carbonite Inc (CARB.OQ)

CARB.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Carbonite Inc gives Q1 2015 guidance below analysts' estimates; gives FY 2015 guidance below analysts' estimates - Conference Call
Wednesday, 4 Feb 2015 08:30am EST 

Carbonite Inc:Expect Q1 2015 revenue to be in the range of $31.9 - $32.1 million.Q1 2015 non-GAAP net loss to be in the range of $0.09 - $0.07 per share.Q1 2015 revenue of $31.8 mln and EPS of ($0.04) - Thomson Reuters I/B/E/S.FY 2015 total revenue to be in the range of $137 - $138 million.FY 2015 non-GAAP earnings to be between $0.08 and $0.10 per share.FY 2015 revenue of $136.9 mln and EPS of ($0.05) - Thomson Reuters I/B/E/S.  Full Article

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

BRIEF-Carbonite Q2 non-GAAP earnings per share $0.19

* Q2 earnings per share view $0.03 -- Thomson Reuters I/B/E/S