Acquisition enables Commvault to solve a critical cyber resilience challenge facing enterprises today – rapidly rebuilding cloud applications after an outage or attack TINTON FALLS, N.J., April 16, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the acquisition of Appranix, a cloud cyber resilience company. Commvault is making this acquisition to help enterprises get up and running even faster after an outage or cyber ...

Baird brings more than 15 years of cloud expertise and leadership to Commvault TINTON FALLS, N.J., April 10, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, today announced Ashley Baird as its new Vice President & Managing Director of Market Expansion. With extensive cloud and go-to-market experience, Baird will extend Commvault's leadership and accelerate its growth further into new markets with leading cloud providers. Ba ...

Shares of Commvault Systems (CVLT) have been strong performers lately, with the stock up 6.8% over the past month. The stock hit a new 52-week high of $101 in the previous session. Commvault Systems has gained 25.5% since the start of the year compared to the 13.2% move for the Zacks Computer and Technology sector and the 13.3% return for the Zacks Computer - Software industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnin ...

Key PointsData recovery specialist Commvault has sustained post-earnings momentum, advancing 22.49% since late January.Double-digit subscription and annual recurring revenue growth contributed to investors' bullish response. The company anticipates current-quarter revenue between $210 million and $214 million, ahead of Wall Street forecasts.5 stocks we like better than Commvault SystemsData backup and recovery specialist Commvault Systems Inc. NASDAQ: CVLT is soaring after the company topped earnings and sa ...

I’ve been tasked with recommending three big data stocks to sell in February. There’s no question that 2023 was the year of artificial intelligence (AI). A day didn’t go by when a story about AI appeared in the investment media. One area of technology that relies heavily on AI is big data. TechTarget.com contributor Kathleen Walch in a Dec. 21, 2023, article about enterprise AI stated: “Companies used to move data into and out of data warehouses and create static reports that take a long time to generate an ...

Key PointsCommvault Systems is shifting from legacy licensing models to subscriptions and cloud-based services. The Metallic AI-powered Commvault Cloud continues to drive growth. Guidance is good and maybe cautious due to emerging leadership status in AI-powered hybrid cloud data protection. 5 stocks we like better than Commvault SystemsCommvault Systems Inc. NASDAQ: CVLT is a less-covered, important cybersecurity stock with a rocketing share price. The story is a dual narrative, including the company's shi ...

Aaron Rakers - Wells Fargo Howard Ma - Guggenheim Securities James Fish - Piper Sandler Rudy Kessinger - D.A. Davidson Eric Martinuzzi - Lake Street Jason Ader - William Blair During this call, Commvault's financial results are presented on a non-GAAP basis. A reconciliation between non-GAAP and GAAP measures can be found on our website. Sanjay Mirchandani Total ARR, the primary metric we use to measure underlying growth, grew 17% year-over-year to over three quarters of a billion dollars. Subscription ARR ...

| --- | --- | |------------------------------------------------------|------------------| | | | | Commvault Fiscal Q3'24 Earnings Results JANUARY 2024 | | | | © Commvault 2024 | This presentation contains forward-looking statements regarding future events or the expected financial performance of our company, including statements about our outlook for future periods and related guidance. These statements reflect management's current expectations, estimates and assumptions based on the information currently a ...

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: December 31, 2023 ☐ 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 (I.R.S. Employer incorporation or or ...

Commvault Systems (CVLT) reported $216.81 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 11.1%. EPS of $0.78 for the same period compares to $0.62 a year ago.The reported revenue represents a surprise of +4.08% over the Zacks Consensus Estimate of $208.3 million. With the consensus EPS estimate being $0.73, the EPS surprise was +6.85%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...