Commvault Appoints Toast Executive Jennifer DiRico As Chief Financial Officer; CFO Gary Merrill, Will Transition To A New Role, Serving As The Company's First CC

7/8/24 8:02:41 AM ET

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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.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
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
1/19/2022		Overweight → Sector Weight	Keybanc

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Reimagine Resilience with Commvault and Clumio, a Commvault Company, at AWS re:Invent
Cyber resilience solutions for cloud-first enterprises showcased at booths #722 and #513 TINTON FALLS, N.J., Nov. 20, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, is thrilled to unveil its presence at AWS re:Invent, running December 2-6. Following Commvault's recent acquisition of AWS data protection company Clumio, there will be two booths at this year's show (Commvault: #722 and Clumio, a Commvault Company: #513). Executives from Commvault and the newly acquired Clumio will also be hosting speaking sessions to unveil the latest innovations and best practices in cyber resilience.
11/20/24 8:30:00 AM ET
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Commvault Announces Fiscal 2025 Second Quarter Financial Results
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
10/29/24 7:45:00 AM ET
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Commvault Launches Cloud Rewind - Transforming How Cloud-First Organizations Rapidly Recover After a Cyberattack
New discovery, reporting, recovery, and rebuild capabilities can help customers bounce back following an attack LONDON, Oct. 8, 2024 /PRNewswire/ -- COMMVAULT SHIFT -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the availability of Cloud Rewind™ on the Commvault Cloud platform. This unique offering, which integrates cloud-native distributed application recovery and rebuild capabilities from the Appranix acquisition, gives cloud-first organizations a secret weapon to transform their cyber resilience capabilities.
10/8/24 9:00:00 AM ET
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Leadership Updates

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Commvault Appoints Pranay Ahlawat as Chief Technology and AI Officer
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.
7/23/24 8:30:00 AM ET
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Commvault Names Company Veteran Gary Merrill as Chief Commercial Officer and Appoints Toast Executive Jennifer DiRico as Chief Financial Officer
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
7/8/24 8:00:00 AM ET
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MI New York Welcomes Commvault as Associate Partner for 2024 Season
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
6/3/24 8:46:00 AM ET
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Financials

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Commvault Announces Fiscal 2025 Second Quarter Financial Results
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
10/29/24 7:45:00 AM ET
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Commvault Announces Second Quarter Fiscal 2025 Earnings Release Date
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
9/24/24 4:15:00 PM ET
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Commvault Announces Fiscal 2025 First Quarter Financial Results
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
7/30/24 7:45:00 AM ET
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Commvault Appoints Toast Executive Jennifer DiRico As Chief Financial Officer; CFO Gary Merrill, Will Transition To A New Role, Serving As The Company's First CC

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Oppenheimer initiated coverage on Commvault Systems with a new price target

Commvault Systems downgraded by Guggenheim

Commvault Systems upgraded by KeyBanc Capital Markets with a new price target

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Commvault Cloud Listed In AWS "ICMP" For The U.S. Federal Government

Piper Sandler Maintains Neutral on CommVault Systems, Raises Price Target to $123