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New Commvault Survey Uncovers Five Capabilities that Helped Companies Recover Faster from Cyberattacks
Prnewswire· 2024-06-25 12:30
Conducted in conjunction with GigaOm, global survey finds resiliency markers impact confidence, preparedness, and recoverability These five resiliency markers emerged after data analysis teams combed through survey results across a range of topics including: how often companies were breached, what resilience technologies were (or were not) deployed, and how rapidly businesses were able to recover data and resume normal operations. The resiliency markers are as follows: Faster recoveries: Cyber mature organi ...
3 Under-the-Radar Stocks Ready to Outsmart the Market
Investor Place· 2024-06-23 16:00
Big tech captures the spotlight as artificial intelligence (AI) initiatives have helped several tech giants reach trillion-dollar valuations. The three most valuable publicly traded corporations are all investing heavily in AI, and they aren't secrets at this point. Some hidden gems continue to report excellent revenue growth while having high profit margins. Investors looking to diversify their portfolios into under-the-radar stocks may want to take a look at these picks. CommVault Systems' annual recurrin ...
Commvault Systems (CVLT) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-06-21 22:55
Coming into today, shares of the data-management software company had gained 6.73% in the past month. In that same time, the Computer and Technology sector gained 6.77%, while the S&P 500 gained 3.15%. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Commvault Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's busines ...
Is CommVault Systems (CVLT) Stock Outpacing Its Computer and Technology Peers This Year?
ZACKS· 2024-06-21 14:40
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Commvault Systems (CVLT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Commvault Systems is one of 618 companies in the Computer and Technology group. The Computer and Technology group currently sits at #11 within the Zack ...
3 Lesser-Known Stocks That Pack Portfolio-Changing Power
Investor Place· 2024-06-18 17:38
However, you don't need to pick the tech giants to outperform the stock market. Investing in lesser-known stocks can also lead to market outperformance and diversify your portfolio away from the common names. Buying shares in smaller companies can also result in meaningful bargains since not all investors have caught onto the opportunities. These are some of the lesser-known stocks to buy that demonstrate great promise and have the potential to outperform the stock market for several years. The firm also of ...
Why the Market Dipped But Commvault Systems (CVLT) Gained Today
ZACKS· 2024-06-14 22:50
Commvault Systems (CVLT) closed at $116.54 in the latest trading session, marking a +1.82% move from the prior day. This change outpaced the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.12%. Market participants will be closely following the financial results of Commvault Systems in its upcoming release. It is anticipated that the company will report an EPS of $0.75, marking a 4.17% rise compared to the same quarter of the previous year. Meanwhile, the l ...
Commvault Systems (CVLT) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-06-13 23:12
Company Performance - Commvault Systems (CVLT) closed at $114.46, down 1.67% from the previous trading session, underperforming the S&P 500 which gained 0.23% [1] - Over the past month, Commvault's shares appreciated by 3.59%, outperforming the Computer and Technology sector's decline of 2.01% but lagging behind the S&P 500's gain of 3.96% [1] Financial Estimates - Analysts expect Commvault to report earnings of $3.38 per share and revenue of $910 million for the full year, reflecting increases of 13.42% and 8.43% respectively from the previous year [2] - The upcoming EPS is projected at $0.75, indicating a 4.17% increase compared to the same quarter last year, with quarterly revenue expected to be $214.47 million, up 8.23% from the year-ago period [6] Valuation Metrics - Commvault Systems has a Forward P/E ratio of 34.46, which is a premium compared to the industry's average Forward P/E of 27.58 [4] Analyst Ratings - Commvault holds a Zacks Rank of 1 (Strong Buy), indicating a positive outlook, with the system showing that top-ranked stocks have historically yielded an average annual return of +25% since 1988 [8] - Recent revisions to analyst forecasts are important as they reflect near-term business trends, with positive revisions indicating optimism about the company's outlook [7] Industry Context - The Computer - Software industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [9]
3 Stocks Predicted to Double Your Investment by 2026
Investor Place· 2024-06-11 14:46
Company Insights - CommVault Systems (NASDAQ:CVLT) is a cloud security company that provides a centralized platform for businesses to detect and address threats effectively [3] - The company reported a 35.5% year-over-year increase in revenue for Q1 FY24, with net income soaring by 364.3% YOY, resulting in a net profit margin of 17.0% [5] - CommVault Systems has a total annual recurring revenue of $770 million, reflecting a 16% year-over-year growth [4] - The company initiated a $50.4 million stock buyback and reported a one-time $103 million windfall from an income tax benefit, enhancing its cash position [12] Industry Trends - Texas Roadhouse (NASDAQ:TXRH) reported a 12.5% year-over-year increase in sales and a 31% increase in net income for the first quarter, with comparable restaurant sales up by 8.4% YOY [8] - The stock of Texas Roadhouse is considered a good candidate for doubling by the end of 2026 due to rising profit margins, more restaurant openings, and a reasonable valuation [8] - Sezzle (NASDAQ:SEZL), a fintech firm specializing in "Buy Now, Pay Later" solutions, has seen a 306% year-to-date gain, with a market cap of approximately $500 million [15][16] - Sezzle has increased its guidance to suggest a 25% year-over-year revenue growth and aims for $30 million in GAAP net income in fiscal 2024 [16] Performance Metrics - CommVault Systems' shares have increased by 48% year-to-date and 140% over the past five years [4] - Texas Roadhouse shares are up 41% year-to-date and have more than tripled over the past five years [19] - Sezzle's stock trades at a 38 P/E ratio, with a forward P/E ratio under 18 times, indicating potential for further growth [15][16]
Government Approved Data Security: Commvault Cloud for Government Achieves FedRAMP High Authorization
Prnewswire· 2024-06-05 12:30
Core Points - Commvault has achieved FedRAMP High Authorization for its Commvault Cloud for Government SaaS data protection solutions, allowing it to securely handle sensitive controlled unclassified information (CUI) for government agencies and contractors [1][3][7] - FedRAMP is a government certification program that provides a standardized security assessment for SaaS application vendors, ensuring compliance with stringent security standards established by the National Institute of Standards and Technology (NIST) [2] - The certification reflects Commvault's commitment to providing high-level data protection and cyber resilience, ensuring critical data remains secure against evolving cyber threats [3][4] Commvault's Offerings - Commvault Cloud for Government is designed specifically for federal agencies, hosted using government cloud deployment models compliant with U.S. regulations [6] - Features include continuous cyber recovery plan testing and automatic recovery to a secure cleanroom in the cloud, enhancing data resilience and operational continuity [5] - The solutions are available for purchase by U.S. agencies and organizations, listed on the FedRAMP Marketplace [8] Industry Recognition - The U.S. Department of the Treasury and NIST have acknowledged Commvault's achievement, highlighting its importance for government agencies handling sensitive data [7] - Commvault Cloud's FedRAMP High Authorization positions it as a leading solution in data security and rapid recoverability from cyber attacks [8] - Commvault's SaaS solutions also comply with various other security standards, including FIPS 140-2, ISO/IEC 27001:2013, and SOC 2 Type II [9]
MI New York Welcomes Commvault as Associate Partner for 2024 Season
Prnewswire· 2024-06-03 12:46
Company Overview - Commvault is a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, helping over 100,000 organizations keep data safe and businesses resilient [4] - The company offers the only cyber resilience platform that combines data security and rapid recovery at enterprise scale across any workload, anywhere, at the lowest total cost of ownership (TCO) [4] Sponsorship Announcement - Commvault announced its sponsorship of MI New York, the defending champions of Major League Cricket (MLC), marking a strategic move to engage with cricket fans and support a growing sport in the U.S. [1][2] - The sponsorship will feature the Commvault logo on jerseys, stadium signage, and across various media platforms, along with opportunities for fan engagement through exclusive events [2] Community Engagement - Commvault's partnership with MI New York aims to foster community and resilience, with plans to offer tickets to local charitable initiatives, allowing more people to experience cricket [2] - The collaboration seeks to educate a broader audience about the importance of resilience, applicable in both personal and professional contexts [2] Cricket Industry Insights - Cricket is the second most watched sport globally, with over 2.5 billion fans, and its popularity is surging in the United States [2] - MI New York, established in 2023, is part of the MI family, which has won 10 titles across various leagues globally, including the Indian Premier League [5][6]