Press release
Carbonite Inc (NASDAQ: CARB) Investor Investigation over possible Securities Laws Violations
An investigation for investors in Carbonite Inc (NASDAQ: CARB) shares over potential securities laws violations by Carbonite Inc w
Investors who purchased shares of Carbonite Inc (NASDAQ: CARB), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Carbonite Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Boston, MA based Carbonite, Inc., together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States.
Carbonite Inc reported that its annual Total Revenue increased from $239.46 million in 2017 to $296.4 million in 2018 and that its Net Loss of $4 million in 2017 turned into a Net Income of $7.56 million in 2018..
On July 25, 2019, Carbonite Inc announced its financial results for the second quarter of 2019 and that Carbonite was lowering its guidance for the year. Additionally, Carbonite Inc announced Mohamad Ali's decision to step down as President, CEO and member of the Company's Board.
Shares of Carbonite Inc (NASDAQ: CARB) declined from $43.63 per share in September 2018 to as low as $17.75 per share on July 25, 2019.
Those who purchased shares of Carbonite Inc (NASDAQ: CARB) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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