Lyon Street Capital buys $9,210,824 stake in Carbonite Inc (CARB)

Carbonite Inc (CARB) : Lyon Street Capital scooped up 68,052 additional shares in Carbonite Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 702,580 shares of Carbonite Inc which is valued at $9,210,824.Carbonite Inc makes up approximately 4.62% of Lyon Street Capital’s portfolio.

Other Hedge Funds, Including , Walleye Trading sold out all of its stake in CARB during the most recent quarter. The investment firm sold 100 shares of CARB which is valued $1,311.Menta Capital boosted its stake in CARB in the latest quarter, The investment management firm added 18,936 additional shares and now holds a total of 61,607 shares of Carbonite Inc which is valued at $807,668. Carbonite Inc makes up approx 0.10% of Menta Capital’s portfolio. Citadel Advisors added CARB to its portfolio by purchasing 10,560 company shares during the most recent quarter which is valued at $138,442.Rhumbline Advisers boosted its stake in CARB in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 17,926 shares of Carbonite Inc which is valued at $235,010. Fuller Thaler Asset Management added CARB to its portfolio by purchasing 243,600 company shares during the most recent quarter which is valued at $3,081,540. Carbonite Inc makes up approx 0.05% of Fuller Thaler Asset Management’s portfolio.

Carbonite Inc closed down -0.03 points or -0.21% at $13.93 with 1,16,278 shares getting traded on Thursday. Post opening the session at $13.92, the shares hit an intraday low of $13.8 and an intraday high of $14.02 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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