openPR Logo
Press release

Carbonite Inc (NASDAQ: CARB) Investor Investigation over possible Securities Laws Violations

07-31-2019 07:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Carbonite Inc (NASDAQ: CARB) shares over potential securities laws violations by Carbonite Inc w

An investigation for investors in Carbonite Inc (NASDAQ: CARB) shares over potential securities laws violations by Carbonite Inc w

An investigation on behalf of investors of Carbonite Inc (NASDAQ: CARB) shares over potential securities laws violations by Carbonite Inc and certain of its directors and officers in connection with certain financial statements was announced.

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Carbonite Inc (NASDAQ: CARB) Investor Investigation over possible Securities Laws Violations here

News-ID: 1815903 • Views: 526

More Releases from Shareholders Foundation

Investigation announced for Investors in Genworth Financial, Inc. (NYSE: GNW)
An investigation was announced concerning potential securities laws violations by Genworth Financial, Inc. in connection with certain financial statements. Investors who purchased shares of Genworth Financial, Inc. (NYSE: GNW), 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 possible claims on behalf of purchasers of the securities of Genworth Financial, Inc. (NYSE: GNW) concerning whether a
Investigation announced for Long-Term Investors in shares of Dropbox, Inc. (NASD …
An investigation was announced for investors in shares of Dropbox, Inc. (NASDAQ: DBX) concerning potential breaches of fiduciary duties by certain directors of Dropbox, Inc.. Investors who are current long term investors in Dropbox, Inc. (NASDAQ: DBX) shares, 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 for current long term investors in NASDAQ: DBX stocks follows
Deadline in Lawsuit for Investors in shares of Trulieve Cannabis Corp. (OTC: TCN …
The Shareholders Foundation announced that a deadline is coming up on February 28, 2020 in the lawsuit filed for certain investors of Trulieve Cannabis Corp. (OTC: TCNN) over alleged securities laws violations by Trulieve Cannabis Corp. Investors who purchased shares of Trulieve Cannabis Corp. (OTC: TCNN) have certain options and there are strict and short deadlines running. Deadline: February 28, 2020. OTC: TCNN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
Investigation announced for Investors in shares of Canaan Inc. (NASDAQ: CAN)
An investigation was announced concerning potential securities laws violations by Canaan Inc. in connection with certain financial statements. Investors who purchased shares of Canaan Inc. (NASDAQ: CAN), 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 Canaan Inc. (NASDAQ: CAN regarding its business, its prospects and its operations were materially

All 5 Releases


More Releases for Carbonite

Cloud Backup Market to 2024| IBM, Amazon, Microsoft, Google, Veeam Software, Bar …
Albany, NY, 23rd January : Recent research and the current scenario as well as future market potential of "Cloud Backup Markets: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024" globally. Worldwide markets are poised to achieve continuing growth as Cloud Backup markets respond to the advantages brought by mega data centers for cloud computing. The quality and the customization of mega data centers are significant market growth drivers.
Cloud Accounting Software and How Can it Benefit Your Business? With Carbonite, …
The report further highlights the development trends in the global Cloud Accounting Software Market Factors that are driving the market growth and fueling its segments are also analyzed in the report. The report also highlights on its applications, types, deployments, components, developments of this market.  Moreover, the research highlights the changing trends in the global Cloud Accounting Software Market Technological developments are predicted to allow key companies to introduce a
Cloud Backup Market Trends 2018-2025 by Leading Key Players - IBM, Carbonite, Dr …
Global Cloud Backup Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years. In today's
Global Cloud Backup Market 2018 Leading companies – Carbonite, Asigra, Code42 …
Qyresearchreports include new market research report “Global Cloud Backup Market SizeStatus and Forecast 2025” to its huge collection of research reports. This report on the global Cloud Backup market is based upon thorough study conducted by some of the professional and expert analysts of the industry. This report emphasizes on several factors including government regulations that are influencing growth of the market positively or negatively. The report explains challenges, opportunities, and
Futute of Data Resiliency Market | Carbonite, Centurylink, Commvault, IBM
HTF MI recently introduced Global Data Resiliency Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Acronis, Asigra, Ca Technologies, Carbonite, Centurylink, Commvault, IBM, Micro Focus, Microsoft,
Data Resiliency Market 2018 - 2025 | Prominent Players - Acronis, Asigra, CA Tec …
Market Analysis: Global Data Resiliency Market The Global Data Resiliency Market is expected to reach USD 38.60 Billion by 2025, from USD 10.13 Billion in 2017, growing at a CAGR of 18.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Market Definition: Global Data Resiliency