Seeking Alpha

Despite posting a record quarter in 4Q 2013, Carbonite Management (CARB) is now trading near 52-week lows. Carbonite managed to generate record levels of revenues and free cash flow during 4Q, marking the company's second straight quarter of profitability and sixth straight quarter of positive free cash flow.

Even still, investors are a bit spooked by the company's pending transition from a consumer-focused company to a small- and medium business one. This is causing shares to be mispriced and creating a great opportunity for investors.

Digging into 4Q a bit more, total bookings were actually up 15% Y/Y, with consumer growing a modest 5%, and the SMB growing 40%. On an annual basis, for...

Only subscribers can access this article, which is part of the PRO research library covering 3,775 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: