In the latest market close, Commvault Systems (CVLT) reached $151.19, with a -1.66% movement compared to the previous day. This change lagged the S&P 500's daily loss of 1.07%. Meanwhile, the Dow lost 0.97%, and the Nasdaq, a tech-heavy index, lost 1.19%.Coming into today, shares of the data-management software company had lost 10.4% in the past month. In that same time, the Computer and Technology sector gained 4.8%, while the S&P 500 lost 0.36%.The investment community will be paying close attention to th ...

CommVault Systems (CVLT) shares have surged 26.3% for the trailing six months, outperforming the broader Zacks Computer & Technology sector’s return of 6.5%.Over the same time frame, it outpaced its industry peers like Autodesk (ADSK) and Manhattan Associates (MANH) , shares of which have climbed 21% and 12.2%, respectively.The outperformance of the stock is firmly grounded in the robust adoption of its cloud platform, which is significantly boosting financial performance. Additionally, the company's unwave ...

Commvault Systems (CVLT) ended the recent trading session at $170.84, demonstrating a +1.27% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw an increase of 1.24%.Shares of the data-management software company witnessed a gain of 0.09% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 3.43% and the ...

Company Performance - Commvault Systems (CVLT) closed at $173.10, reflecting a -0.01% change from the previous trading day's closing, underperforming the S&P 500's daily gain of 0.82% [1] - Over the past month, shares of Commvault have appreciated by 2.03%, outperforming the Computer and Technology sector's gain of 1.43% and the S&P 500's gain of 0.8% [2] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.87, which is an 11.54% increase from the prior-year quarter, with projected revenue of $246.13 million, reflecting a 13.52% rise from the equivalent quarter last year [3] - For the entire fiscal year, the Zacks Consensus Estimates project earnings of $3.44 per share and revenue of $956.2 million, representing changes of +15.44% and +13.94% respectively from the prior year [4] Analyst Estimates and Valuation - Recent changes to analyst estimates indicate a positive outlook for Commvault Systems, with the Zacks Rank system currently rating the company as 3 (Hold) [4][6] - Commvault is trading at a Forward P/E ratio of 50.4, which is a premium compared to the industry's average Forward P/E of 32.41 [7] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, has a current Zacks Industry Rank of 78, placing it in the top 32% of all industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Insights - Commvault has announced Clumio Backtrack, a new capability that allows enterprises to automate the recovery of data stored in Amazon S3 to specific versions at designated points in time, enhancing data protection and recovery processes [1][4][7] Company Developments - Clumio Backtrack leverages Amazon S3 Versioning to enable organizations to recover datasets of any size, from individual objects to entire S3 buckets containing billions of objects [2][3] - The solution utilizes a serverless architecture, allowing for dynamic scaling and the ability to revert billions of objects almost instantaneously after an issue arises [4][5] - Commvault's recent acquisition of Clumio and the introduction of various cloud offerings, including Cloud Rewind™, Air Gap Protect, and Cleanroom™ Recovery, signify its commitment to enhancing cyber resilience for cloud-first customers [7][11] Industry Context - The cloud AI market is projected to exceed $647 billion by 2030, driven by the increasing data generation from AI and machine learning, which necessitates robust object storage solutions like Amazon S3 [6] - The growing complexity of enterprise data environments underscores the need for fast, scalable, and secure data recovery solutions in a cloud-first landscape [7] Product Availability - Early access to Clumio Backtrack will be available in December 2024, with global general availability expected in early 2025 [8] - Commvault will showcase this new solution at AWS re:Invent 2024, providing live demonstrations to attendees [9][10]

Commvault's modern cloud native software received highest possible score in "Hyperscale cloud/IaaS" criterionTINTON FALLS, N.J., Nov. 25, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced its position as a Leader with the top score in the current offering category in The Forrester Wave™: Data Resilience Solutions, Q4 2024. The Forrester Wave is a guide for buyers considering their purchasing options in a technology mark ...

Cyber resilience solutions for cloud-first enterprises showcased at booths #722 and #513TINTON FALLS, N.J., Nov. 20, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, is thrilled to unveil its presence at AWS re:Invent, running December 2-6. Following Commvault's recent acquisition of AWS data protection company Clumio, there will be two booths at this year's show (Commvault: #722 and Clumio, a Commvault Company: #513). Executives from ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: September 30, 2024 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 1-33026 Commvault Systems, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3447504 (State or other jurisdiction of incorporation or organization)(I.R. ...

Commvault Systems, Inc. (NASDAQ:CVLT) Q2 2025 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Michael Melnyk - Director, IR Sanjay Mirchandani - President, CEO & Director Jen DiRico - CFO Conference Call Participants Aaron Rakers - Wells Fargo Securities Rudy Kessinger - D.A. Davidson & Co. James Fish - Piper Sandler & Co. Jason Ader - William Blair. Howard Ma - Guggenheim Securities Operator Thank you for standing by. I would like to welcome everyone to the Commvault Q2 FY 2025 Ea ...

Commvault Systems (CVLT) reported $233.28 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 16.1%. EPS of $0.83 for the same period compares to $0.70 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $221.05 million, representing a surprise of +5.53%. The company delivered an EPS surprise of +10.67%, with the consensus EPS estimate being $0.75. While investors closely watch year-over-year changes in headline numbers -- revenue and e ...