CARB - Carbonite: Investors Do Not Like Webroot Deal
Carbonite (CARB) made a huge move in expanding the business to become a leading data protection business as it acquired Webroot in a $618 million deal. This transaction, which was announced at the same time as the release of the full-year results, were not welcomed by investors.
The reason for that probably involves the massive leverage taken on with the deal as the combination sees just very modest organic growth in 2019, growth rates which are anything but impressive. High leverage, very "adjusted" earnings and rapid industry changes threatening to make part of