Major security ecosystem expansion with Acante, Dasera, Google Cloud, Splunk, and Wiz Commvault to discuss security integrations and cyber resilience innovations at Black Hat Conference TINTON FALLS, N.J., Aug. 5, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced an expansion of its cyber and data security ecosystem through strategic integrations with an array of security partners: Acante, Dasera, Google Cloud, Splunk, ...

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: June 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.S. Em ...

Michael Melnyk - Director, IR Sanjay Mirchandani - President, CEO & Director Gary Merrill - CFO Danielle Sheer - Chief Trust Officer Aaron Rakers - Wells Fargo Securities Howard Ma - Guggenheim Securities James Fish - Piper Sandler & Co. Rudy Kessinger - D.A. Davidson & Co. I would now like to turn the call over to Mike Melnyk, Head of Investor Relations. Please go ahead. Good morning, and welcome to our earnings conference call. Before we begin, I'd like to remind you that statements made on today's call w ...

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 ...

These three growth stocks are potential S&P 500 additions within a few years. Buying shares now can result in long-term gains for patient investors. E.l.f. Beauty (ELF) Duolingo (DUOL) The S&P 500 makes it easy to invest in the stock market. The famed index has 500 holdings and periodically replaces underperforming stocks with more promising picks. Many investors who don't know much about the stock market prefer to invest in passive index funds that mirror benchmarks like the S&P 500. However, there is a sc ...

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 ...