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Time to say goodbye to Webroot
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<blockquote data-quote="Muddy7" data-source="post: 826744" data-attributes="member: 24236"><p>On Thursday, Carbonite suffered a double whammy with the announcement of the departure of its CEO Mohamad Ali and the announcement of a loss of $11.3M for Q2.</p><p></p><p>[ATTACH=full]217595[/ATTACH]</p><p></p><p><em>Source: <a href="https://blocksandfiles.com/2019/07/26/carbonite-q2-2019-earnings/" target="_blank">"https://blocksandfiles.com/2019/07/26/carbonite-q2-2019-earnings/"</a></em></p><p></p><p>As a result, their stock price took a hit the following day, with a dizzying 25% drop in its share value.</p><p></p><p>However, this is also perhaps the first time we can get a glimpse into Webroot's financial health, now that it has been acquired by a public company. For revenue see the above chart to get some kind of idea, and for profits see press release/reports below.</p><p></p><p>This is what Carbonite's interim CEO Steve Munford has to say:</p><p><strong>“Our security software business performed well during the quarter, however, we continued to experience challenges in parts of our data protection business."</strong></p><p><em>Source: <a href="https://investor.carbonite.com/news-releases/news-release-details/carbonite-announces-second-quarter-2019-financial-results" target="_blank">"https://investor.carbonite.com/news-releases/news-release-details/carbonite-announces-second-quarter-2019-financial-results"</a></em></p><p></p><p>Elsewhere, CFO Anthony Folger is quoted as saying:</p><p>On the enterprise side, the endpoint security business — and associated MSP channel — is growing <strong>“well into the double digits, north of 20 percent"</strong>.</p><p><em>Source: <a href="https://www.channele2e.com/business/talent/carbonite-ceo-search/" target="_blank">"https://www.channele2e.com/business/talent/carbonite-ceo-search/"</a></em></p><p></p><p>And in the same news article, this summary:</p><p><strong>"Overall, it sounds like the company’s security business (i.e., <a href="http://www.webroot.com" target="_blank">Webroot</a>) continues to build strong relationships with MSPs (managed IT services providers). However, Carbonite’s data protection, backup and disaster recovery (BDR) business appears to need some fine-tuning."</strong></p><p></p><p>Perhaps Webroot is not down to its last breath, after all — if, granted, Carbonite can survive these knocks and bruises <strong><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite110" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /></strong></p></blockquote><p></p>
[QUOTE="Muddy7, post: 826744, member: 24236"] On Thursday, Carbonite suffered a double whammy with the announcement of the departure of its CEO Mohamad Ali and the announcement of a loss of $11.3M for Q2. [ATTACH type="full" alt="Carbonite Revenues & Profits 2.GIF"]217595[/ATTACH] [I]Source: [URL='https://blocksandfiles.com/2019/07/26/carbonite-q2-2019-earnings/']"https://blocksandfiles.com/2019/07/26/carbonite-q2-2019-earnings/"[/URL][/I] As a result, their stock price took a hit the following day, with a dizzying 25% drop in its share value. However, this is also perhaps the first time we can get a glimpse into Webroot's financial health, now that it has been acquired by a public company. For revenue see the above chart to get some kind of idea, and for profits see press release/reports below. This is what Carbonite's interim CEO Steve Munford has to say: [B]“Our security software business performed well during the quarter, however, we continued to experience challenges in parts of our data protection business."[/B] [I]Source: [URL='https://investor.carbonite.com/news-releases/news-release-details/carbonite-announces-second-quarter-2019-financial-results']"https://investor.carbonite.com/news-releases/news-release-details/carbonite-announces-second-quarter-2019-financial-results"[/URL][/I] Elsewhere, CFO Anthony Folger is quoted as saying: On the enterprise side, the endpoint security business — and associated MSP channel — is growing [B]“well into the double digits, north of 20 percent"[/B]. [I]Source: [URL='https://www.channele2e.com/business/talent/carbonite-ceo-search/']"https://www.channele2e.com/business/talent/carbonite-ceo-search/"[/URL][/I] And in the same news article, this summary: [B]"Overall, it sounds like the company’s security business (i.e., [URL='http://www.webroot.com']Webroot[/URL]) continues to build strong relationships with MSPs (managed IT services providers). However, Carbonite’s data protection, backup and disaster recovery (BDR) business appears to need some fine-tuning."[/B] Perhaps Webroot is not down to its last breath, after all — if, granted, Carbonite can survive these knocks and bruises [B];)[/B] [/QUOTE]
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