Benzinga·2026-01-28 02:37Core Insights - Commvault Systems Inc. reported a fiscal third-quarter earnings announcement, with shares rising 0.15% to $89.26 in after-hours trading, following a regular session close at $89.13, down 31.10% [1] Financial Performance - Total revenue for Q3 was $314 million, reflecting a 19% year-over-year growth [2] - Annual recurring revenue (ARR) reached $1.085 billion, up 22% year-over-year, while subscription ARR grew to $941 million, a 28% increase year-over-year [2] - Subscription revenue totaled $206 million, marking a 30% increase from the previous year, with term-based licenses contributing $119 million (up 22%) and SaaS offerings contributing $87 million (up 44%) [3] Strategic Developments - Commvault announced an expanded collaboration with Google Cloud to enhance data protection and cyber resilience capabilities [3] Future Guidance - For Q4, Commvault projected total revenue between $305 million and $308 million, with subscription revenue expected to be between $203 million and $207 million, and a non-GAAP earnings before interest and taxes margin of about 19% [4] Trading Metrics - Commvault's market capitalization is $3.93 billion, with a 52-week high of $200.68 and a low of $84.44; the stock has fallen 43.7% over the past 12 months [5] - The stock is currently about 4% above its 52-week low, indicating a notable downtrend [5]