On October 7, 2025, Hamilton Lane Advisors sold its entire stake in Rubrik (RBRK 5.59%), an estimated $9.44 million trade based on quarterly average pricing for the quarter ended September 30, 2025.What happenedAccording to a filing with the Securities and Exchange Commission (SEC) dated October 7, 2025, Hamilton Lane Advisors LLC sold all 105,414 shares of Rubrik. The estimated trade value was $9.44 million. After the sale, the fund reported a zero position in Rubrik at the close of the filing period.What ...

TINTON FALLS, N.J., Oct. 2, 2025 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its second quarter fiscal year 2026 earnings results on Tuesday, October 28, 2025 beginning at 8:30 a.m. EST at http://ir.commvault.com. Investors can access the live webcast by visiting http://ir.commvault.com. Investors may also access the call by dialing Toll Free: (800) 715-9871 or International: (646) 307-1963 and referencing Event ID 6143073. To avoid delays, we encourage participants t ...

Core Insights - Corero Network Security has announced a strategic partnership with ONESECURE Asia Pte Ltd, marking its entry into the Singapore market and expanding its presence in Southeast Asia [1][2] - The partnership aims to enhance cyber resilience for telecom operators, enterprises, and service providers in the Asia-Pacific region by combining Corero's automated, real-time resiliency solutions with ONESECURE's local expertise [2][4] Company Overview - Corero Network Security specializes in DDoS protection solutions, focusing on automatic detection and protection with network visibility, analytics, and reporting tools [6] - The company is headquartered in London and is listed on the London Stock Exchange's AIM market and the US OTCQX Market [6] Partnership Details - The collaboration is expected to empower clients with improved resilience, visibility, and performance in DDoS mitigation services across the ASEAN region [4] - ONESECURE, a subsidiary of Secura Group Ltd, is recognized for its expertise in securing high-volume networks and will integrate Corero's technology into its cybersecurity portfolio [3][4] Market Impact - This partnership signifies a new chapter in cyber resilience for Singapore, providing organizations with stronger protection and support to grow securely in a connected economy [5]

Core Viewpoint - The cyber-attack on Jaguar Land Rover (JLR) highlights the critical need for enhanced cybersecurity measures within the UK automotive sector, emphasizing that cybersecurity is now a core element of industrial resilience rather than a mere IT issue [4][9]. Group 1: Impact on JLR - JLR's factories will remain closed until 24 September, resulting in a loss of approximately 24,000 vehicles and around £120 million in profits, with an estimated £1.7 billion in lost revenue [2]. - The cyber incident has significantly impacted JLR and the wider automotive supply chain, with suppliers experiencing operational disruptions and financial strain [4][5]. Group 2: Supplier Vulnerability - JLR's suppliers are more vulnerable to the repercussions of the cyber-attack, with some already pausing operations or laying off staff due to the loss of JLR's cash flow [5]. - The interconnected nature of the UK automotive system means that disruptions at JLR affect the entire supply chain, causing widespread pain across the sector [5]. Group 3: Financial Implications - The incident underscores the potential for a credit and liquidity crisis within the B2B finance community, as tier-two and tier-three suppliers operate on thin margins and rely on receivables for servicing loans [6]. - If receivables vanish due to disruptions, suppliers may struggle to meet their financial obligations, exacerbating the crisis [6]. Group 4: Recommendations for Resilience - The UK should consider adopting mechanisms similar to those in Germany, such as automatic part-time working schemes, to help firms manage sudden industrial shocks [7]. - JLR's experience serves as a lesson in cyber resilience, indicating that effective cybersecurity involves not just better firewalls but also system segmentation, backup processes, and stress-testing supplier networks [9].

Financial Data and Key Metrics Changes - Subscription ARR reached approximately $1,200 million, growing 38% year over year [7][33] - Subscription revenue was $266 million, growing 54% year over year [7][35] - Subscription NRR remained strong above 120% [7][34] - Free cash flow was over $33 million, a significant improvement from negative $37 million in the same quarter last year [8][38] - Non-GAAP gross margin improved to 80.5% from 75.4% year over year [36] Business Line Data and Key Metrics Changes - Cloud ARR reached $972 million, up 60% [34] - Customers with subscription ARR of $100,000 or more increased to 2,381, growing 28% year over year [7][35] - Subscription ARR contribution margin improved by over 1,800 basis points year over year [8][37] Market Data and Key Metrics Changes - Revenue from the Americas grew 51% to $203 million, while revenue from outside the Americas grew 43% to $75 million [36] - The company operates in a $50 billion market for cyber resilience, with significant growth opportunities in identity resilience [78] Company Strategy and Development Direction - The company focuses on cyber resilience as a top priority, leveraging a unique platform that combines data and identity security [10][76] - The strategy includes a two-platform approach, transforming legacy backup into a comprehensive data security platform [51][102] - Investments in R&D and go-to-market strategies will continue to drive innovation and market penetration [39][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the cyber resilience market and the demand for differentiated offerings [39][78] - The company anticipates strong subscription ARR growth and has raised its guidance for the fiscal year [41][42] - Management noted that the current market environment is favorable for the adoption of generative AI and modernization of infrastructure [58][60] Other Important Information - The company has successfully integrated its DSPM Laminar product, resulting in a 300% year-over-year increase in DSPM ARR [66] - The company is focused on combining identity security with data security to create a comprehensive solution for customers [66][118] Q&A Session Summary Question: How long is the runway for the shift from legacy to next-gen solutions? - Management indicated that the shift is expanding the total addressable market (TAM) due to rising identity-based attacks and the need for comprehensive cyber resilience [50][52] Question: What is happening to sales cycles and awareness of Rubrik's capabilities? - Management believes they are at the front end of a significant trend in data security and AI, with increasing awareness leading to faster sales cycles [56][60] Question: How does Rubrik differentiate in identity resilience? - The company combines identity and data security on a single platform, allowing for faster recovery times and preventing malware reintroduction [117][118] Question: What is the demand environment for cybersecurity? - Management stated that cyber resilience is a top priority for CIOs and CSOs, with no change in demand environment observed [77][78] Question: What are the top priorities for Rubrik in the next 12-18 months? - The focus will be on creating a unified platform for data and identity security, ensuring comprehensive risk management and recovery capabilities [102][103]

Financial Performance - Rubrik reported quarterly losses of 15 cents per share, beating the analyst consensus estimate of losses of 32 cents [1] - Quarterly revenue was $278.48 million, exceeding the Street estimate of $260.35 million [1] Management Commentary - CEO Bipul Sinha highlighted that the first-quarter results surpassed all guided metrics, emphasizing the company's success in the cyber resilience market and the growing opportunity [2] Future Outlook - Rubrik raised its fiscal 2026 adjusted EPS guidance to a range of losses of $1.02 to losses of 96 cents, compared to the previous estimate of losses of $1.15 [3] - The company increased its fiscal revenue outlook to between $1.18 billion and $1.19 billion, surpassing the previous estimate of $1.16 billion [3] Subscription Metrics - Subscription ARR grew by 38% year-over-year, reaching $1.18 billion as of April 30, 2025 [4] - Subscription revenue increased by 54%, amounting to $265.7 million compared to $172.2 million in the first quarter of fiscal 2025 [4] - Non-GAAP gross margin improved to 80.5%, up from 75.4% in the first quarter of fiscal 2025 [4]

Company Overview - Commvault (NASDAQ: CVLT) is recognized as the gold standard in cyber resilience, serving over 100,000 organizations to ensure data safety and business continuity [2] - The company provides a unique cyber resilience platform that integrates top-tier data security and rapid recovery capabilities at an enterprise scale, applicable across any workload and location, while maintaining the lowest total cost of ownership (TCO) [2] Upcoming Events - Jen DiRico, Chief Financial Officer of Commvault, is scheduled to present at the William Blair Growth Stock Conference on June 4 at 11:00 a.m. EST, with live webcast access available for investors [1]

Financial Data and Key Metrics Changes - Total revenue increased by 23% to $275 million, driven by a robust 45% increase in subscription revenue [4][22] - Total ARR improved by 21% to $930 million, with subscription ARR growing by 31% to $780 million, and SaaS ARR jumping by 68% to $281 million [21][22] - Fiscal Q4 gross margins were 83.1%, reflecting a strong mix of term software sales [27] - Non-GAAP EBIT grew by 31% to $59 million, with margins up 130 basis points year over year to 21.5% [28] Business Line Data and Key Metrics Changes - Subscription revenue growth was driven by momentum across the SaaS platform and expansion with existing customers [22] - Revenue from term software transactions over $100,000 increased by 38%, benefiting from both volume and average transaction size [22] - Q4 saw the best volume quarter of the year for term software transactions under $100,000, adding 700 new subscription customers, surpassing 12,000 worldwide [23] Market Data and Key Metrics Changes - Strong growth was noted in EMEA and APAC regions, with notable customer wins in highly regulated industries like healthcare and financial services [10][75] - The company is well-positioned to support compliance with regulations such as GDPR and DORA, contributing to strong international growth [9][10] Company Strategy and Development Direction - The company aims to capitalize on strong secular tailwinds tied to cyber resilience and continuous business availability [6][11] - Commvault is focused on expanding its partner ecosystem and enhancing its offerings to address evolving customer needs [5][19] - The total addressable market is estimated to be approximately $24 billion, with plans to invest in cloud and data security integrations [19][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for cyber resilience products and the company's ability to execute its growth strategy [39][40] - The company is closely monitoring the macro environment but remains optimistic about its growth trajectory [30][34] Other Important Information - The company repurchased $165 million of stock, representing 81% of free cash flow, exceeding its guidance to return at least 75% [29] - The company plans to continue investing in cloud and data security integrations across its partner ecosystem [19][34] Q&A Session Summary Question: Customer sentiment regarding macroeconomic conditions and sales cycles - Management indicated that cyber resilience remains a priority for customers, with no significant changes observed in sales cycles or close rates [38][39] Question: Clumio's contribution and integration - Clumio is expected to provide a positive impact on total revenue, with unique capabilities enhancing the company's offerings [48][49] Question: Cross-sell and upsell opportunities within the SaaS portfolio - The company reported a steady net dollar retention rate of 127%, with a mix of two-thirds upsell and one-third cross-sell [53] Question: Competitive landscape and market positioning - Management emphasized the company's focus on resilience and its ability to recover from cyber attacks, highlighting healthy double-digit growth [61] Question: Future product capabilities and market focus - The company is enhancing its capabilities to support emerging workloads, particularly in AI and cloud environments [64][65]

Financial Data and Key Metrics Changes - Total revenue increased by 23% to $275 million, driven by a robust 45% increase in subscription revenue [5][23] - Total ARR improved by 21% to $930 million, with subscription ARR growing by 31% to $780 million, and SaaS ARR jumping by 68% to $281 million [22][23] - Fiscal Q4 gross margins were 83.1%, reflecting a strong mix of term software sales [27] Business Line Data and Key Metrics Changes - Subscription revenue growth was driven by momentum across the SaaS platform and expansion with existing customers [23] - Revenue from term software transactions over $100,000 increased by 38%, with more than a dozen transactions exceeding $1 million [23] - Q4 saw the addition of 700 new subscription customers, surpassing 12,000 worldwide [24] Market Data and Key Metrics Changes - Strong customer wins included notable companies such as American Tower and Cinemark Holdings, reflecting current tailwinds in the industry [9] - EMEA and APAC regions showed balanced growth, with EMEA having a particularly strong quarter [72] Company Strategy and Development Direction - The company is focused on cyber resilience as a top strategic priority, addressing increasing ransomware and sophisticated cyber attacks [9] - Plans to continue investing in cloud and data security integrations across the partner ecosystem, expanding the total addressable market to approximately $24 billion [20][30] - The company aims to drive increased multi-product adoption of its SaaS offerings, with a strategic priority to enhance cross-sell opportunities [26][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the guidance for fiscal year '26, citing strong demand for cyber resilience products and internal execution [41][42] - The macro environment is being monitored closely, but no significant changes in customer sentiment were noted between Q4 and Q1 [39][41] - The company expects total revenue for Q1 to be in the range of $266 million to $270 million, representing a 19% year-over-year growth at the midpoint [30] Other Important Information - The company ended the quarter with no debt and $302 million in cash, with a free cash flow of $76 million for Q4 [28][29] - Fiscal year '26 total ARR growth is expected to be between 16% to 17% year-over-year, driven by subscription ARR growth of 22% to 23% [32][33] Q&A Session Summary Question: Customer sentiment regarding macroeconomic conditions and cyber resilience - Management indicated that cyber resilience remains a priority for customers, with no significant changes in sales cycles or close rates observed [39][41] Question: Operating margin guidance and growth versus margin trade-off - Management emphasized a balance between continued investment in growth opportunities and maintaining overall profitability [42][43] Question: Contribution of Clumio acquisition to revenue - Clumio is expected to contribute approximately 100 basis points to total revenue, with excitement about its unique capabilities [47][49] Question: Cross-sell and upsell opportunities within the SaaS portfolio - The company reported a SaaS net dollar retention rate of 127%, with a focus on increasing multi-product adoption among customers [52][81] Question: Competitive landscape and response to acquisitions in the industry - Management highlighted a focus on resilience and the ability to recover from cyber attacks, asserting that the company is gaining market share despite a flat overall on-premise market [59] Question: Future focus on workloads and capabilities - The company plans to enhance capabilities that support AI and emerging workloads, emphasizing the importance of resilience in their offerings [61][62]

Core Insights - Commvault and SimSpace have launched the Commvault® Recovery Range™, which integrates realistic attack simulations with essential cyber recovery exercises, marking a significant advancement in cyber preparedness [1][2][3] Group 1: Product Overview - The Commvault Recovery Range is the first hands-on cyber range designed to help defenders combat sophisticated cyber threats and recover from cyber crises [2] - Unlike traditional cyber ranges that focus on attack detection and containment, the Commvault Recovery Range provides an immersive learning experience that covers the entire incident lifecycle from detection to validated recovery [3][4] - The platform utilizes SimSpace's award-winning cyber range technology combined with Commvault's recovery solutions to create a hyper-realistic environment for training [3][4] Group 2: Market Need and Impact - The demand for comprehensive cyber resilience training is increasing, with organizations falling victim to ransomware every 14 seconds and experiencing average downtimes of over 24 days, leading to significant financial losses [4] - The integration of attack simulations and recovery exercises aims to enhance organizations' security posture and business resilience, enabling them to minimize downtime and prevent losses [5][6] Group 3: Training Features - The Recovery Range includes hands-on attack simulations that replicate actual network environments, allowing defenders to face sophisticated attacks and make strategic decisions under pressure [6] - Real-world recovery exercises teach users the importance of validating backups and executing swift restorations, utilizing Commvault's cloud solutions for effective recovery [6] - The training emphasizes collaboration among various teams, including CSOs, CISOs, CIOs, and IT Ops, to develop cohesive strategies for crisis management [6][8] Group 4: Industry Recognition - Experts in the field, including CIOs and research vice presidents, have praised the Commvault Recovery Range for its innovative approach to cyber preparedness, highlighting its role in bridging the gap between threat detection and recovery [8][9] - The partnership between Commvault and SimSpace is seen as a significant advancement in modern cyber preparedness training, equipping organizations with the necessary skills to respond effectively to cyber incidents [9]