Carbonite, Inc. Loss Form

Company: Carbonite, Inc.

Ticker: (NASDAQGM) CARB

Deadline

Passed

Lead Plaintiff Deadline: September 30, 2019

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Allegations

(i) Carbonite’s Server Backup VM Edition was of poor quality and technologically flawed; (ii) Carbonite was receiving poor reviews and complaints from customers about the Server Backup VM Edition; (iii) the poor quality and technological flaws of the Server Backup VM Edition was acting as a “disruptive” factor throughout the Carbonite salesforce and keeping that sales organization from closing opportunistically on several larger deals during fiscal 2019; and (iv) as a result of the foregoing, Carbonite lacked any reasonable basis for issuing its positive projections and financial forecasts.