Adams Street Partners adds Carbonite Inc (CARB) to its portfolio

Carbonite Inc (CARB) : Adams Street Partners added new position in Carbonite Inc during the most recent quarter end. The investment management firm now holds 14,159 shares of Carbonite Inc which is valued at $185,624 , the company said in a statement filed on Aug 10, 2016 with the SEC.Carbonite Inc makes up approximately 0.03% of Adams Street Partners’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd sold out all of its stake in CARB during the most recent quarter. The investment firm sold 4,335 shares of CARB which is valued $56,832. Swiss National Bank sold out all of its stake in CARB during the most recent quarter. The investment firm sold 13,600 shares of CARB which is valued $176,120. Aberdeen Asset Management Plcuk added CARB to its portfolio by purchasing 12,062 company shares during the most recent quarter which is valued at $156,203.American Century Companies Inc boosted its stake in CARB in the latest quarter, The investment management firm added 852 additional shares and now holds a total of 28,925 shares of Carbonite Inc which is valued at $319,043.

Carbonite Inc closed down -0.02 points or -0.15% at $13.1 with 2,10,552 shares getting traded on Friday. Post opening the session at $13.12, the shares hit an intraday low of $12.91 and an intraday high of $13.175 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Carbonite Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.03. The company had revenue of $53.40 million for the quarter, compared to analysts expectations of $46.05 million. The company’s revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

Carbonite Inc. (Carbonite) provides cloud and hybrid backup solutions. The Company’s solutions are designed to address the specific needs of small and medium sized businesses (SMBs) and individuals. The Company’s suite of solutions includes Carbonite Personal which include unlimited cloud backup for one computer at three different service levels for individuals; Carbonite Pro the Company’s small business workstation solutions automatically back up files to the cloud and include an unlimited number of devices for an annual flat fee based on the amount of storage needed and Carbonite Server Backup the Company’s hybrid server backup solution that protects an unlimited number of servers databases and live applications and offers management capabilities. As of December 31 2014 the Company had subscribers in over 100 countries with subscribers based in the United States representing approximately 94% of its total revenue.

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