Critical Review: Carbonite (CARB) vs. Its Competitors

Carbonite (NASDAQ: CARB) is one of 196 publicly-traded companies in the “IT Services & Consulting” industry, but how does it compare to its competitors? We will compare Carbonite to similar companies based on the strength of its dividends, institutional ownership, valuation, profitability, risk, analyst recommendations and earnings.

Profitability

This table compares Carbonite and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Carbonite 0.29% 36.43% 2.35%
Carbonite Competitors -20.94% -62.72% -4.24%

Volatility and Risk

Carbonite has a beta of 0.27, meaning that its share price is 73% less volatile than the S&P 500. Comparatively, Carbonite’s competitors have a beta of 1.27, meaning that their average share price is 27% more volatile than the S&P 500.

Earnings & Valuation

This table compares Carbonite and its competitors revenue, earnings per share and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Carbonite $221.57 million $6.83 million 1,107.50
Carbonite Competitors $2.14 billion $366.31 million 16.08

Carbonite’s competitors have higher revenue and earnings than Carbonite. Carbonite is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a summary of recent recommendations for Carbonite and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Carbonite 0 1 5 0 2.83
Carbonite Competitors 672 4387 7395 165 2.56

Carbonite presently has a consensus target price of $27.33, indicating a potential upside of 23.40%. As a group, “IT Services & Consulting” companies have a potential upside of 0.55%. Given Carbonite’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Carbonite is more favorable than its competitors.

Insider and Institutional Ownership

94.2% of Carbonite shares are held by institutional investors. Comparatively, 60.2% of shares of all “IT Services & Consulting” companies are held by institutional investors. 12.2% of Carbonite shares are held by company insiders. Comparatively, 17.1% of shares of all “IT Services & Consulting” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Carbonite beats its competitors on 8 of the 13 factors compared.

Carbonite Company Profile

Carbonite, Inc. provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving. Carbonite Computer Backup enables users to automatically back up files directly to the cloud. Carbonite Server Backup provides cloud and hybrid backup for physical and virtual servers with management capabilities, including scheduling, retention, bandwidth and compression settings, and monitoring and reporting via a personalized server dashboard. Its e-mail archiving solutions include MailStore Server, MailStore Service Provider Edition and MailStore Home.

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