Commvault Systems is a global leader in data protection and information management solutions
The company specializes in providing software and services that help organizations manage, protect, and utilize their data efficiently across various environments, including on-premises, cloud, and hybrid infrastructures. Commvault's offerings enable businesses to ensure data availability, streamline backup and recovery processes, and enhance overall data governance and security. With a strong focus on innovation, Commvault aims to empower organizations to harness the full potential of their data while addressing the growing challenges of data complexity and compliance.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at DigitalOcean (NYSEDOCN) and the best and worst performers in the data storage industry.
Commvault Systems trades at $156.11 and has moved in lockstep with the market. Its shares have returned 9.3% over the last six months while the S&P 500 has gained 5.2%.
Cyber security firm Commvault is outperforming and increasing guidance quarterly, driving a positive trend in analysts' sentiment and institutional buying.
Data backup provider Commvault (NASDAQCVLT) announced better-than-expected revenue in Q4 CY2024, with sales up 21.1% year on year to $262.6 million. On top of that, next quarter’s revenue guidance ($262 million at the midpoint) was surprisingly good and 4.3% above what analysts were expecting. Its non-GAAP profit of $0.94 per share was 7.6% above analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data storage industry, including Couchbase (NASDAQBASE) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at data storage stocks, starting with Commvault Systems (NASDAQCVLT).
