Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, an easy-to-use replication and disaster recovery solution; and Commvault Complete Data Protection, an easy-to-use data protection solution. It also provides Commvault Activate, a data insight solution; Commvault HyperScale X, an easy-to-deploy scale-out solution; Hedvig Distributed Storage Platform that offers software-defined storage built on a hyperscale architecture; Metallic Cloud Storage is the easy button to adopt secure and scalable cloud storage; and Metallic Backup-as-a-Service. In addition, the company provides technology and business consulting, education, and remote managed services. Further, it sells appliances that integrate the software with hardware for use in a range of business needs and use cases; and offers professional and customer support services. The company sells its products and services directly through its sales force to large enterprises, small and medium sized businesses, and government agencies, as well as indirectly through its network of distributors, value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers. It supports customers in a range of industries, including banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utilities, and energy. The company has strategic relationships with Microsoft, Cisco, Dell EMC, Amazon Web Services, NetApp, Nutanix, Fujitsu, Google Cloud, Hitachi, Hewlett Packard Enterprise, IBM, Lenovo, OpenStack, Oracle, Pure Storage, Red Hat, Salesforce, SAP, ServiceNow, Splunk, Supermicro, and VMware. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.
IPO Year: 2006
Exchange: NASDAQ
Website: commvault.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/30/2025 | Mkt Perform → Outperform | William Blair | |
| 1/17/2025 | $159.00 | Neutral | Cantor Fitzgerald |
| 1/16/2025 | $192.00 | Overweight | KeyBanc Capital Markets |
| 11/13/2024 | $200.00 | Outperform | Oppenheimer |
| 10/15/2024 | Buy → Neutral | Guggenheim | |
| 1/31/2024 | $109.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 8/17/2023 | $85.00 | Buy | DA Davidson |
| 1/27/2023 | $86.00 | Buy | Guggenheim |
| 7/13/2022 | $78.00 → $69.00 | Overweight → Neutral | Piper Sandler |
| 1/26/2022 | $66.00 → $75.00 | Sector Perform | RBC Capital |
TINTON FALLS, N.J., April 29, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fourth quarter and fiscal year ended March 31, 2025. "It was a record-breaking year at Commvault," said Sanjay Mirchandani, President and CEO. "Commvault surpassed all key metrics, ended the year with over 12,000 subscription customers, and is firmly positioned as a growth company with subscription revenue up 45% in Q4. We continue to deliver cloud-first innovations that solve a hard problem for customers – strengthening their cyber resilience." Notes are c
Commvault Recognized by Cyber Defense Magazine for Innovation in Cyber Resilience During RSAC Conference 2025 TINTON FALLS, N.J., April 28, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced it has won the Outstanding Cyber Resilience award from Cyber Defense Magazine (CDM), the industry's leading electronic information security magazine. This recognition celebrates the Commvault Cloud platform, powered by Metallic AI, for its innovative approach to providing advanced cyber resilience and
Commvault extends the power of its advanced Cleanroom Recovery technology to managed service providers focused on keeping enterprises resilient TINTON FALLS, N.J., April 28, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced highly differentiated capabilities with its Cleanroom Recovery offering that usher in a new era in end-to-end recovery following cyberattacks. Studies show that it takes enterprises 24 days, on average, to recover after a cyber incident.[1] Much of that time is not onl
Expanded collaboration delivers a unified set of services, bringing together best-in-class offerings for incident response, cyber recovery and resilience TINTON FALLS, N.J., April 28, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced an expanded partnership with CrowdStrike, a global leader in cybersecurity. Together, the companies are delivering a trusted pathway to CrowdStrike's elite incident response services, supported by Commvault's recovery expertise — helping organizations worldwide recover faster and stay better prepared for cyberattacks.
Becomes only cyber resilience vendor meeting GovRAMP Authorization at a High Impact Level, FedRAMP High Authorization, and FIPS 140-3 validation for public sector customers TINTON FALLS, N.J., April 28, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced that Commvault Cloud has achieved GovRAMP Authorized status for its cyber resilience SaaS solutions. This authorization is crucial for state and local government agencies, as well as educational institutions (SLED), enabling them to securely handle critical and sensitive data while supporting rigorous security verification standards.
Showcase includes Commvault Cloud demos at booths #N-5678 and #N-4308 and the debut of Commvault® Recovery Range™, powered by SimSpace – the latest in cyber range experiences TINTON FALLS, N.J., April 16, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, is excited to bring fast, clean, and complete cyber recovery and resilience to RSAC™ Conference 2025, running April 28-May 1 in San Francisco. This year, Commvault is expanding its presence across the city, offering conference attendees multiple and unique ways to experience a new era in cyber resilience and cyber preparedness.
Commvault® Recovery Range™, powered by SimSpace, is the first to integrate realistic attack simulations with essential cyber recovery exercises to unlock a new era in cyber preparedness TINTON FALLS, N.J. and BOSTON, April 3, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, and SimSpace, a global leader in high-fidelity cyber range solutions, today announced the Commvault® Recovery Range™, powered by SimSpace. Commvault Recovery Range is the first hands-on cyber range that will enable defenders to battl
TINTON FALLS, N.J., April 2, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its fourth quarter fiscal year 2025 earnings results on Tuesday, April 29, 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 7414480. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled star
TINTON FALLS, N.J., March 31, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the appointment of Bill O'Connell as its Chief Security Officer (CSO). O'Connell joins Commvault with nearly 20 years of cybersecurity, risk, and data privacy experience, including prior leadership roles at Roche and ADP. "Commvault is at the forefront of delivering industry-leading cyber resilience to enterprises worldwide," said O'Connell. "I look forward to further strengthening Commvault's position as a tru
Hoang's business transformation and cloud solutions expertise to help drive Commvault's growth strategy in cyber resilience TINTON FALLS, N.J., March 4, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the appointment of Ha Hoang as its new Chief Information Officer (CIO). With over 25 years of experience in leading enterprise technology transformations for Fortune 500 companies, Ha brings a wealth of expertise in cloud strategy, SaaS optimization, and global infrastructure operations.
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William Blair upgraded Commvault Systems from Mkt Perform to Outperform
Cantor Fitzgerald initiated coverage of Commvault Systems with a rating of Neutral and set a new price target of $159.00
KeyBanc Capital Markets initiated coverage of Commvault Systems with a rating of Overweight and set a new price target of $192.00
Oppenheimer initiated coverage of Commvault Systems with a rating of Outperform and set a new price target of $200.00
Guggenheim downgraded Commvault Systems from Buy to Neutral
KeyBanc Capital Markets upgraded Commvault Systems from Sector Weight to Overweight and set a new price target of $109.00
DA Davidson initiated coverage of Commvault Systems with a rating of Buy and set a new price target of $85.00
Guggenheim initiated coverage of Commvault Systems with a rating of Buy and set a new price target of $86.00
Piper Sandler downgraded Commvault Systems from Overweight to Neutral and set a new price target of $69.00 from $78.00 previously
RBC Capital reiterated coverage of CommVault Systems with a rating of Sector Perform and set a new price target of $75.00 from $66.00 previously
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TINTON FALLS, N.J., April 29, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fourth quarter and fiscal year ended March 31, 2025. "It was a record-breaking year at Commvault," said Sanjay Mirchandani, President and CEO. "Commvault surpassed all key metrics, ended the year with over 12,000 subscription customers, and is firmly positioned as a growth company with subscription revenue up 45% in Q4. We continue to deliver cloud-first innovations that solve a hard problem for customers – strengthening their cyber resilience." Notes are c
TINTON FALLS, N.J., April 2, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its fourth quarter fiscal year 2025 earnings results on Tuesday, April 29, 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 7414480. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled star
TINTON FALLS, N.J., Jan. 28, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fiscal third quarter ended December 31, 2024. "Once again, Commvault has delivered a record-breaking quarter with accelerating revenue growth," said Sanjay Mirchandani, President and CEO, Commvault. "Our innovative approach to cyber resilience continues to win large net-new accounts and fuel our expansion business. As we look to the future, we believe our unified platform which enables customers to anticipate, prepare for, and recover from inevitable attacks
Leverages the same platform that already delivers comprehensive protection of critical workloads – ushering in a new level of cyber resilience for customers and partners TINTON FALLS, N.J., Jan. 14, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today introduced an expansion of its platform to provide full and automated forest recovery for the world's most widely used enterprise identity and access solution, Microsoft Active Directory. As organizations continue to combat non-stop cyberattacks and thre
TINTON FALLS, N.J., Jan. 7, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its third quarter fiscal year 2025 earnings results on Tuesday, January 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 7183844. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled star
TINTON FALLS, N.J., Oct. 29, 2024 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fiscal second quarter ended September 30, 2024. "Keeping customers resilient and their businesses continuous has never been more critical than it is today," said Sanjay Mirchandani, President and CEO. "Our strong execution and increasing demand for our innovative Commvault Cloud platform has not only resulted in our fourth consecutive quarter of double-digit revenue growth, but it has given us the confidence to once again raise our outlook for the full fisca
TINTON FALLS, N.J., Sept. 24, 2024 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its second quarter fiscal year 2025 earnings results on Tuesday, October 29, 2024 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 4041221. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled s
TINTON FALLS, N.J., July 30, 2024 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fiscal first quarter ended June 30, 2024. "The need for resilience is paramount and we are leading the charge," said Sanjay Mirchandani, Commvault's President and CEO. "Our ability to empower customers globally, to regularly test their readiness and quickly recover their data and applications is not only a differentiator, but enabled Commvault to start the fiscal year strong, generating 13% total revenue growth and 17% annualized recurring revenue growth in
TINTON FALLS, N.J., July 2, 2024 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its first quarter fiscal year 2025 earnings results on Tuesday, July 30, 2024 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 (646) 968-2525 or (888) 596-4144 and referencing Event ID 9739978. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webca
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. "We had an outstanding quarter and a breakout year, highlighted by 10% total revenue growth and 15% total ARR growth in the fourth quarter," said Sanjay Mirchandani, President and CEO. "Our Commvault Cloud platform is resonating with customers, who entrust us with their data and resilience in this era of unrelenting cyber threats." Notes are contained on the last page of this Press Release Fiscal 2024 Fou
TINTON FALLS, N.J., March 31, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the appointment of Bill O'Connell as its Chief Security Officer (CSO). O'Connell joins Commvault with nearly 20 years of cybersecurity, risk, and data privacy experience, including prior leadership roles at Roche and ADP. "Commvault is at the forefront of delivering industry-leading cyber resilience to enterprises worldwide," said O'Connell. "I look forward to further strengthening Commvault's position as a tru
Hoang's business transformation and cloud solutions expertise to help drive Commvault's growth strategy in cyber resilience TINTON FALLS, N.J., March 4, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the appointment of Ha Hoang as its new Chief Information Officer (CIO). With over 25 years of experience in leading enterprise technology transformations for Fortune 500 companies, Ha brings a wealth of expertise in cloud strategy, SaaS optimization, and global infrastructure operations.
Ahlawat will spearhead ongoing product and AI innovation to help customers securely and responsibly navigate the ever-evolving threat landscape TINTON FALLS, N.J., July 23, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced Pranay Ahlawat as its first Chief Technology and AI Officer (CTAIO). Reporting to Rajiv Kottomtharayil, Chief Product Officer, Ahlawat will oversee Commvault's product vision and development lifecycle, focusing on helping customers advance cyber resilience, including through modern AI technologies.
Merrill and DiRico will work hand-in-hand to accelerate Commvault's next wave of growth TINTON FALLS, N.J., July 8, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced that long-term Commvault executive and current Chief Financial Officer (CFO), Gary Merrill, will transition to a new role, serving as the company's first Chief Commercial Officer (CCO). In this role, Merrill will lead the company's global sales and partner teams. This transition created an opportunity for Commvault to recruit
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). Anna Griffin, Chief Market Officer at Commvault, shared her excitement: "Sponsoring the MI New York cricket team is Commvault's opportunity to support one of the most dynamic and fast-growing sports in the world. It's a no-brainer! This partnership not only allows us to engage with cricket fans but also reinforces
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.
Gadd will focus on driving growth in the region; Brings 25 years of industry experience including a strong track record of success at Cohesity and Hitachi Vantara READING, England, Oct. 4, 2023 /PRNewswire/ -- Commvault (NASDAQ:CVLT), an enterprise data protection leader for today's global businesses, has today announced the appointment of Richard Gadd as Senior Vice President of Commvault's EMEA and India (EMEAI) region. Gadd will lead the region in empowering global organisations with industry-leading cyber resilience offerings that protect and recover data from today's biggest cyber threats.
After recently appointing Steve Lucas as CEO, Boomi adds Arlen Shenkman, former Executive Vice President and Chief Financial Officer of Citrix, and Alison Biggan, former President, Corporate Marketing at SAP, to its accomplished executive leadership team Shenkman and Biggan bring more than 25 years of experience driving business transformation and world-class marketing strategies across multinational, public cloud computing and enterprise software technology companies Boomi™, the intelligent connectivity and automation leader, today announced the appointment of former Executive Vice President (EVP) and Chief Financial Officer (CFO) at Citrix Arlen Shenkman as President and CFO, and fo
TINTON FALLS, N.J., Sept. 14, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in data management across on-premises, cloud, and SaaS environments, today announced that data protection industry veteran Alan Atkinson has joined the company as Chief Partner Officer. Atkinson will report to Riccardo Di Blasio, Commvault's Chief Revenue Officer. "Our continuous innovation has earned us our rightful place as the leader in our industry with the trust of thousands of customers globally," said Di Blasio. "And that enables us to continually attract the best and brightest lead
TINTON FALLS, N.J., Jan. 13, 2022 /PRNewswire/ -- Commvault (NASDAQ:CVLT), a recognized global enterprise leader in intelligent data services across on-premises, cloud, and software as a service (SaaS) environments, today announced Danielle Sheer as Chief Legal and Compliance Officer. She will lead the company's global legal and compliance teams and its governance, commercial, intellectual property, and privacy programs. "Data management, protection, and governance has never been more complex or more critical," said Sanjay Mirchandani, President and CEO, Commvault. "Danielle'