CommVault Systems

Commvault Systems, Inc. engages in the provision of data protection and information management software applications and related services. Its products include Data Protection and insights, Storage, and Metallic BaaS. The firm also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.

Earnings data Q4 2021

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Commvault reports strong Q4 results, Metallic drives rapid growth

Commvault's Q4 2023 earnings call showcased strong financial performance, strategic evolution, and a focus on responsible growth. The company's SaaS offering, Metallic, has been a key driver of growth, with plans for further expansion and margin improvement. While facing challenges in certain revenue streams, Commvault is well-positioned to capitalize on opportunities and maintain its financial strength.

Commvault reports strong Q1 results and confident in achieving guidance

Commvault's Q1 fiscal results were driven by strong growth in subscription business and SaaS ARR. The company is confident in achieving its full-year fiscal '24 guidance and is making strategic investments in sales and marketing. Metallic's strong customer acquisition and retention indicate a positive outlook for the company's future performance.

CommVault Systems (CVLT) reports strong Q3 performance and strategic wins

CommVault Systems demonstrated resilience and growth in Q3 2023, driven by strong performance in subscription and SaaS ARR. Despite challenges in customer spending and deal complexity, the company remains focused on responsible growth and delivering shareholder value. With a solid financial position, strategic wins, and a focus on margin improvement, CommVault is poised for continued success.

CommVault Systems excels in Q4, eyes growth in data protection

CommVault Systems delivered strong Q4 results, focusing on cloud-first data protection and achieving significant growth in ARR and subscription revenue.
The company's emphasis on responsible growth, security, and customer expansion positions it well for future success.
Challenges include managing declining perpetual license revenue and stabilizing customer support as more clients shift to subscription models.
Opportunities lie in upselling to existing Metallic customers, improving gross margins, and enhancing sales efficiency through hiring and service offerings.

CommVault Systems reports strong Q1 performance and growth outlook

CommVault Systems showcased robust financials, technological prowess, and strategic customer acquisition in Q1, positioning itself for continued growth.
While challenges in customer transitions and market dynamics persist, the company's focus on innovation and market trends bodes well for future success.
With a strong performance in Q1 and promising outlook for Q2, Commvault is poised to capitalize on market opportunities and drive sustained growth.

CommVault Systems (CVLT) surpasses Q2 expectations, eyes growth opportunities

CommVault Systems (CVLT) delivered strong Q2 results exceeding expectations, with notable growth in ARR, revenue, and operational metrics, showcasing financial stability and market adaptability.
The company's focus on cyber resilience, recurring revenue streams, and customer engagement positions them well for future growth despite challenges in revenue mix and customer support.
Opportunities in driving subscription and SaaS business, expanding market reach, and addressing pent-up demand present avenues for sustained growth and market leadership.
Analyst inquiries and strategic adaptations underscore the company's commitment to addressing challenges, enhancing performance, and seizing opportunities for future success.

CommVault Systems (CVLT) exceeds Q3 expectations, eyes growth in cyber resilience

CommVault Systems delivered impressive Q3 results, showcasing strong revenue growth and margin expansion. The company is strategically positioned to capitalize on the growing demand for cyber resilience solutions and anticipates continued revenue growth in FY '25.

CommVault Systems reports stellar Q4 performance and cyber resilience focus

CommVault Systems excelled in Q4 2024, showcasing robust revenue growth and a strategic focus on cyber resilience and subscription services.
The company's integration with security providers and engagement with CSOs position it well for future success in the cybersecurity market.
While facing challenges in adoption and integration, CommVault's unique offerings and customer-centric approach present opportunities for sustained growth and market leadership.

CommVault Systems (CVLT) posts stellar Q1 results, eyes growth

CommVault Systems (CVLT) reported robust Q1 performance, marked by revenue growth, profitability, and strong financial metrics, underlining its market resilience and competitive strength.
The company's strategic focus on cyber resilience, recent acquisitions, and customer success stories position it well for future growth and market leadership.
While facing challenges in managing expenses and meeting ambitious growth targets, Commvault's solid financial position and executive team enhancements offer opportunities for sustained success and innovation.

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Commvault Systems, Inc. engages in the provision of data protection, information management software applications, and related services. The firm offers platform, solution packages, use cases, and workloads. It operates through the United States and Other geographical segments. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.

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Are Computer and Technology Stocks Lagging CommVault Systems (CVLT) This Year?

Commvault SaaS data protection meets the U.S. government's strictest security protocols for trusted protection TINTON FALLS, N.J. , June 5, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, is proud to announce that its SaaS-delivered data protection offerings have achieved the Federal Risk and Authorization Management Program (FedRAMP®) High Authorization.

Government Approved Data Security: Commvault Cloud for Government Achieves FedRAMP High Authorization

TINTON FALLS, N.J. , June 3, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, today announced its sponsorship of the MI New York, the defending champions of Major League Cricket (MLC).

MI New York Welcomes Commvault as Associate Partner for 2024 Season

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Company strengthens its expertise in cyber resilience with the appointment of Gareth Russell as Field Chief Technology Officer, Security for Asia Pacific SINGAPORE and SYDNEY , May 27, 2024 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organisations, today announced the appointment of Gareth Russell as Field Chief Technology Officer, Security for Asia Pacific (APAC). This newly created role reflects Commvault's commitment to extending its deep technical expertise in data security and cyber resilience to more customers and partners in the region – critical in the ransomware era.

Commvault Welcomes Gareth Russell to New APAC-Wide Security Role

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Brokers Suggest Investing in Commvault (CVLT): Read This Before Placing a Bet

Commvault (CVLT) could produce exceptional returns because of its solid growth attributes.

Here is Why Growth Investors Should Buy Commvault (CVLT) Now

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19 Commvault global women leaders have been named to CRN's 2024 Women of the Channel   TINTON FALLS, N.J. , May 13, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, announced today that CRN ® , a brand of The Channel Company, has named 19 of the company's global executives to the Women of the Channel List for 2024.

Commvault Celebrates CRN's 2024 Women of the Channel

Commvault (CVLT) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Commvault (CVLT) is a Solid Choice

Commvault (CVLT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Commvault (CVLT) Run Higher on Rising Earnings Estimates?

The Commvault Cloud Platform with new Cleanroom Recovery technology pivotal to winning the top spot in 12th Annual Global InfoSec Awards at #RSAC 2024 TINTON FALLS, N.J. , May 6, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, announced it has been named a winner in the category for Trailblazing Cyber Resilience at the Global InfoSec Awards during RSA Conference 2024.

Commvault Wins "Trailblazing Cyber Resilience" Global InfoSec Award at RSA Conference 2024

Join Commvault where the best go to test their cyber resilience - North Expo Booths #5778 and #4308 TINTON FALLS, N.J. , May 1, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, is excited to make its RSA Conference debut where attendees can visit Booth #N-5778 to experience what we believe is the first and only dedicated cleanroom experience for cyber recovery.

Commvault Shows CISOs and IT Leaders How to "Keep it Clean" at RSA Conference 2024

Commvault Systems, Inc. (NASDAQ:CVLT ) Q4 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Michael Melnyk - Director, IR Sanjay Mirchandani - President, CEO & Director Gary Merrill - CFO Conference Call Participants Aaron Rakers - Wells Fargo Securities James Fish - Piper Sandler & Co. Howard Ma - Guggenheim Securities Eric Martinuzzi - Lake Street Capital Markets Jason Ader - William Blair & Company Rudy Kessinger - D.A. Davidson & Co. Operator Thank you for standing by, and welcome to the comparable Q4 FY 2024 earnings conference call.

Commvault Systems, Inc. (CVLT) Q4 2024 Earnings Call Transcript

The headline numbers for Commvault (CVLT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Commvault (CVLT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Commvault Systems (CVLT) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.73 per share a year ago.

Commvault Systems (CVLT) Surpasses Q4 Earnings and Revenue Estimates

TINTON FALLS, N.J. , April 30, 2024 /PRNewswire/ -- Commvault [Nasdaq: CVLT] today announced its financial results for the fourth quarter and fiscal year ended March 31, 2024.

Commvault Announces Fiscal 2024 Fourth Quarter Financial Results

Data-backup and recovery-software firm Commvault had “an outstanding quarter and a breakout year.”

Commvault Earnings and Guidance Top Wall Street Views

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Under Constant Threat of Attack, CXOs Can Affordably Test their Cyber Recovery Plans On-Demand and Orchestrate Rapid Recovery to a Clean Location in the Cloud TINTON FALLS, N.J. , April 29, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, is announcing a new era in cleanroom technology.

Commvault Turns the Concept of Cleanrooms on Its Head: Democratizing the Technology and Giving CISOs / CIOs Confidence They Can Recover When Attacked

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 Announces Acquisition of Appranix, Accelerating and Advancing Cyber Resilience for Enterprises Globally

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.

Commvault Welcomes Industry Veteran Ashley Baird to Lead the Company's Rapidly Expanding Hyperscaler Business

TINTON FALLS, N.J. , April 2, 2024 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its fourth quarter and fiscal year 2024 earnings results on Tuesday, April 30, 2024 beginning at 8:30 a.m.

Commvault Announces Fourth Quarter and Fiscal Year 2024 Earnings Release Date

Commvault (CVLT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

News for CommVault Systems Stock (CVLT)