Carbonite Inc. (CARB)

[chmcnfunds]

Bought into Carbonite today. New info from SA:

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Carbonite -9.1%; strategic review ended, Q1 sales pre-announced

Apr 16 2015, 10:21 ET | About: Carbonite Inc. (CARB) | By: Eric Jhonsa, SA N

"After extensive discussions with interested parties, the interests expressed were unlikely to lead to an acquisition of the entire Company and did not present an attractive alternative to the Company's stand-alone plan," says Carbonite (NASDAQ:CARB). "As a result, the board of directors unanimously determined that it is in the best interest of Carbonite and its shareholders to continue its present strategic course..."Carbonite's decision comes 2 weeks after J2 Global stated it's only interested in buying Carbonite's endpoint protection service ops, and not the entire company.Overshadowed by the strategic review announcement: Carbonite now expects Q1 revenue to top a prior guidance range of $31.9M-$32.1M and EPS to beat prior guidance of -$0.07 to -$0.09; consensus is at $32M and -$0.08.Full-year revenue and EPS are expected to be "within or above" prior guidance ranges of $137M-$138M and $0.08-$0.10. Q1 results are due on April 28.
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http://seekingalpha.com/news/2430636-carbonite-minus-9_1-percent-strategic-review-ended-q1-sales-pre-announced

CARB