Commvault Systems, Inc. (NASDAQ:CVLT) Q1 2025 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Michael Melnyk - Director, IR Sanjay Mirchandani - President, CEO & Director Gary Merrill - CFO Danielle Sheer - Chief Trust Officer Conference Call Participants Aaron Rakers - Wells Fargo Securities Howard Ma - Guggenheim Securities James Fish - Piper Sandler & Co. Rudy Kessinger - D.A. Davidson & Co. Operator Thank you for standing by. My name is Kath and I will be your conference operator ...

This quarterly report represents an earnings surprise of 13.33%. A quarter ago, it was expected that this datamanagement software company would post earnings of $0.73 per share when it actually produced earnings of $0.79, delivering a surprise of 8.22%. Commvault shares have added about 54.3% since the beginning of the year versus the S&P 500's gain of 14.5%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not o ...

3. Commvault does not provide forward-looking guidance on a GAAP basis as certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. See "Use of Non-GAAP Financial Measures" for additional explanation. 7 Commvault Systems, Inc. | --- | --- | --- | --- | --- | |--------------------------------------------------------------------|-------|---------------------------|----------|---------| | | | Three Months Ended \n2024 | June 30, ...

10. The provision for income taxes is adjusted to reflect Commvault's estimated non-GAAP effective tax rate of 24% for fiscal 2025, and 27% for fiscal 2024. Beginning in fiscal 2025, Commvault lowered its estimated non-GAAP effective tax rate from 27% to 24%. Commvault believes that a 24% rate more closely aligns with its effective tax rate expectations over the next few years. SOURCE COMMVAULT Commvault considers non-GAAP net income and non-GAAP diluted EPS useful metrics for Commvault management and its i ...

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For the quarter, the consensus mark for earnings has remained steady at 75 cents per share in the past 30 days. The figure indicates 4.17% growth from the year-ago quarter's reported figure. CommVault's fiscal first-quarter performance is expected to have benefited from steady demand for the company's cyber resilience and data protection solutions by hybrid cloud organizations. The company also announced that its SaaS-delivered data protection offerings have achieved the Federal Risk and Authorization Manag ...

The latest trading session saw Commvault Systems (CVLT) ending at $122.24, denoting a +0.4% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.51%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw a decrease of 0.93%. Investors will be eagerly watching for the performance of Commvault Systems in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2024. The company's earnings ...

Ahlawat will spearhead ongoing product and AI innovation to help customers securely and responsibly navigate the ever-evolving threat landscape TINTON FALLS, N.J., July 23, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced Pranay Ahlawat as its first Chief Technology and AI Officer (CTAIO). Reporting to Rajiv Kottomtharayil, Chief Product Officer, Ahlawat will oversee Commvault's product vision and development lifecycle ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Commvault Systems (CVLT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Commvault currently has an avera ...

"As a long-term Commvault partner, we are excited to deliver Commvault Cloud to government organizations, expanding access via the AWS ICMP," said Bryan Jenkins, Director, Strategic Business Development, Carahsoft. "More than any other industry, public sector organizations hold highly confidential data that must be protected at all costs. With Commvault Cloud, we're able to provide the necessary security to customers and help them remain cyber resilient in the fight against bad actors and malicious attacks. ...