Core Viewpoint - Commvault Systems experienced a minor share price decline following the announcement of a C-suite transition, specifically the departure of CFO Jen DiRico, which led to a 0.3% drop in stock price compared to a 0.2% increase in the S&P 500 index [1][5]. Group 1: Executive Transition - CFO Jen DiRico is leaving Commvault at the end of the month for a new opportunity [2]. - An interim leadership structure, referred to as the Office of the CFO, will be established, consisting of Chief Accounting Officer Danielle Abrahamson and Vice President of Finance Kevin White [3]. - Commvault has initiated the search for a permanent CFO while maintaining its financial guidance for the current fiscal year (2026) [4]. Group 2: Company Performance and Market Reaction - The stock closed at $120.99 with a market capitalization of $5 billion, and the day's trading range was between $114.47 and $121.65 [6]. - Despite the executive change, the company has shown robust growth and healthy profitability in recent quarters, suggesting stability [6][7]. - The temporary leadership team is considered experienced, which may facilitate the recruitment of a quality replacement for the CFO position [7].

Core Insights - Jennifer DiRico has been appointed as the new Chief Financial Officer of PTC, effective January 1, 2026, succeeding Kristian Talvitie [1][2][3] - DiRico brings extensive experience from her previous roles, including CFO at Commvault and leadership positions at Toast, where she contributed to the company's IPO and global expansion [2][4] - PTC's President and CEO Neil Barua expressed confidence in DiRico's ability to lead the finance organization and support the company's growth strategy [3] Company Overview - PTC is a global software company focused on enabling manufacturers and product companies to digitally transform their design, manufacturing, and service processes [7] - The company is headquartered in Boston, Massachusetts, employs over 7,000 people, and serves more than 30,000 customers worldwide [7] Leadership Transition - DiRico's appointment follows a thorough executive search process, and she will report directly to the CEO [1][3] - Kristian Talvitie will continue to serve as CFO until the end of 2025, during which he will assist in the transition [1][3] Strategic Vision - DiRico aims to help PTC capture growth opportunities while maintaining strong financial discipline [3] - The company is focused on advancing its Intelligent Product Lifecycle vision, which is critical for addressing customer challenges and driving shareholder value [3]

Core Insights - Commvault's CFO, Jen DiRico, will leave the company at the end of 2025 to pursue another opportunity, prompting a search for her replacement [1][2][3] - Sanjay Mirchandani, the President and CEO, will oversee a newly established Office of the CFO during the transition period [2] - Commvault maintains its financial outlook as previously disclosed in its second quarter earnings results, with the third quarter 2026 results expected at the end of January 2026 [3] Company Overview - Commvault is recognized as a leader in unified resilience at enterprise scale, focusing on data security, identity resilience, and cyber recovery on a cloud-native, AI-enabled platform [4] - The company emphasizes its capability to conduct fast and complete recoveries for customers, enabling them to embrace AI while protecting against AI-driven threats [4]

Core Insights - Commvault has achieved the AWS Resilience Competency in the Recovery category, recognizing its validated solutions for enhancing critical systems availability and resilience on AWS [1][2][3] Group 1: Company Achievements - The AWS Resilience Competency reflects Commvault's technical proficiency and proven success in supporting AWS customers' resilience goals [2][3] - Commvault's cloud-native platform provides visibility, automation, and recovery intelligence essential for securing critical workloads on AWS [3][6] Group 2: Product Offerings - Commvault supports a wide range of AWS workloads, including Amazon S3, Amazon EC2, and Amazon DynamoDB, through its Commvault Cloud platform [3][4] - The company has introduced a new multi-product listing in AWS Marketplace, featuring its key solutions: Commvault Cloud, Cloud Rewind, and Clumio [4] Group 3: Industry Context - Organizations are increasingly pressured to protect data from cyber threats and operational disruptions, particularly with the rapid adoption of AI technologies [3][6] - Commvault aims to enable customers to build a more resilient future by leveraging AWS services [3]

Joining me now in a CNBC exclusive, Convault CEO Sanjay Merchandonni. Sanjay, I want to talk to you about your news today and your outlook for 2026. But first, we haven't spoken on air since earnings.So, uh, tell us about this shift in term duration. What's happening beneath the surface with your subscription revenues. >> Hey, John.Yeah, we haven't spoken in a few weeks, but um you know what what what what is happening essentially is that we had a bit of a mix shift between our term license or software and ...

Core Insights - The company experienced a shift in subscription revenue mix, with an acceleration in SaaS deployments impacting margins compared to traditional software licenses [2][3] - The company achieved a record net new Annual Recurring Revenue (ARR) of $47 million, reaching a total ARR of $1 billion ahead of schedule, with SaaS revenue at $330 million [3] Subscription Revenue Dynamics - There was a mix shift between term licenses and SaaS, leading to a slight impact on the bottom line due to differing margins [2] - Despite the mix shift, the overall quarter was strong with healthy double-digit revenue growth [3] Strategic Positioning and Product Development - The company has transitioned from data protection to cyber resilience, integrating AI capabilities into its platform to enhance security, identity, and recovery [5][6] - The Unity platform is positioned as a strategic asset, addressing the complexities of data storage across various environments [4] Market Outlook and Competitive Advantage - The company believes it is in the early stages of enterprise AI adoption, which will serve as a tailwind for growth [8] - The integration of AI into the product is expected to provide a competitive edge, making the platform future-proof and unique in the market [9]

Core Insights - Commvault has launched the Commvault Cloud Unity platform, setting a new standard for cloud-native data protection, aimed at enhancing enterprise resilience in the AI era [1][2][8] Group 1: Platform Features - The new platform is designed for cloud-first and hybrid enterprises, focusing on simplicity, speed, scale, and cost optimization, centralizing resilience operations across various environments [2][3] - AI-enabled features include discovery, classification, and protection policy recommendations, allowing for rapid scaling of resilience across multi-cloud environments [2][6] - The platform provides visibility into protected and unprotected data, addressing the challenges of fragmented tools and inconsistent protection policies in multi-cloud settings [3][4] Group 2: Market Context - With 86% of enterprises operating in multi-cloud environments and nearly half of cloud spending wasted due to lack of visibility, the need for a unified approach to data protection is critical [3] - The platform supports over 200 cloud services and spans more than 160 cloud regions, offering the industry's broadest workload protection [4][6] Group 3: Customer Benefits - The platform enables organizations to quickly onboard workloads, identify anomalies, and make informed decisions while reducing total cost of ownership (TCO) [5][6] - Customers receive a TCO analysis that highlights unprotected workloads and potential savings by utilizing Commvault Cloud for protection [6] Group 4: Strategic Positioning - Commvault aims to meet the evolving needs of cloud-first and hybrid customers by providing a unified, intelligent experience for data protection and recovery [7] - The platform is now available in Microsoft Azure and AWS marketplaces, enhancing accessibility for enterprises [7][8]

Core Insights - Commvault announced an expansion of its Identity Resilience portfolio, enhancing capabilities to detect threats in Active Directory (AD), log malicious changes, and roll back to a trusted state [1][4][11] - The integration of Commvault's AD forest recovery with Cleanroom Recovery allows for isolated recovery testing without disrupting production systems [5][6][7] Identity Resilience Enhancements - The new advancements enable enterprises to identify hard-to-detect threats in AD, maintain an audit trail of changes, and reverse unwanted modifications in real time [9][11] - Commvault's solutions address the significant risk posed by AD, which is targeted in 90% of attacks due to its control over access to critical business operations [3][5] Integration with Cleanroom Recovery - The integration allows customers to recover AD forests in a cleanroom environment, facilitating preemptive testing of recovery plans [6][7] - This approach minimizes disruption to identity systems while ensuring readiness for potential attacks [5][6] Overall Impact - Commvault's end-to-end Identity Resilience portfolio aims to provide comprehensive protection and recovery solutions, reducing total cost of ownership (TCO) for customers [7][11] - The advancements will be available for early access in early 2026, following their introduction at SHIFT 2025 [8][11]

Core Insights - Commvault has announced transformative innovations aimed at redefining data recovery processes for organizations, focusing on clean, complete, and automated recovery solutions [1][10]. Group 1: Innovations and Solutions - The new features are part of the Commvault Cloud Unity platform release, which enhances the ability to recover data effectively after cyberattacks or outages [1][10]. - Commvault's Synthetic Recovery technology allows for the automatic detection and removal of threats during the recovery process, ensuring that only clean data is restored [6][9]. - The Threat Scan feature utilizes AI to identify and quarantine suspicious files, helping organizations detect potential ransomware threats [4][9]. Group 2: Addressing Industry Challenges - A report indicates that 94% of ransomware attacks target backup storage, highlighting the need for robust recovery solutions [2]. - Organizations often face a dilemma between restoring older, clean backups and risking the loss of recent data or restoring compromised data from the latest backups [5][9]. - Commvault's innovations aim to eliminate this dilemma by providing a comprehensive recovery workflow that integrates threat detection, data assembly, and validation [7][9]. Group 3: Market Position and Future Availability - Commvault positions itself as a leader in unified resilience at enterprise scale, addressing the growing need for intelligent and automated data recovery solutions [11]. - The new Synthetic Recovery, Threat Scan Advanced, and enhanced Cleanroom Recovery solutions are currently in early access and are expected to be generally available in early 2026 [9].

Core Insights - Albert Anthony is a Croatian-American business author and analyst contributing to Seeking Alpha and other financial platforms, with a focus on Real Estate Investment Trusts (REITs) [1] - He has a background in business information systems and experience at Charles Schwab, which supports his equities research firm [1] - The author is launching a book on REITs in late 2025 and is actively growing his YouTube channel discussing REIT investments [1] Background and Experience - Albert Anthony has over 1,000 followers on Seeking Alpha and has participated in numerous business and innovation conferences [1] - He holds a B.A. in Political Science and is certified in Microsoft Fundamentals and CompTIA Project+ [1] - Currently enrolled in a Business Intelligence & Data Analyst certification program, he aims to enhance the equities research process [1] Business Operations - Albert Anthony & Company is a Texas-registered boutique equities research firm managed remotely [1] - The firm does not engage in personalized financial advisory or manage client funds, focusing instead on general market commentary and research [1] - The author does not write about non-publicly traded companies, small cap stocks, or startups, ensuring a focus on publicly available data [1]