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., 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
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 is making this acquisition to help enterprises get up and running even faster after an outage or cyberattack. According to Statista, the average downtime after a ransomware
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. 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 (800) 715-9871 or (646) 307-1963 and referencing Event ID 6798771. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of th
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.
Commvault's cloud platform brings exceptional resilience to healthcare organizations – critical in an era of escalating and non-stop cyber threats and attacks LAS VEGAS, March 3, 2025 /PRNewswire/ -- From the HIMSS25 global health conference, Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced continued momentum with customers in the healthcare and life sciences industries as organizations increasingly rely on Commvault to protect, manage, and recover critical patient and research data. Healthcare industry leade
Commvault offerings help hospitals recover Electronic Health Records, deliver uninterrupted patient care, and meet evolving HIPAA guidelines LAS VEGAS, March 3, 2025 /PRNewswire/ -- From the HIMSS25 global health conference, Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced that its cutting-edge cyber resilience and recovery technologies can be used to rapidly recover Electronic Health Records (EHR), including Epic and Meditech environments. The need for this type of technology is critical. Healthcare organiza
Visit Booth #C1027 to find the right course of action for protecting and securing healthcare data TINTON FALLS, N.J., Feb. 19, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid environments, will be handing out the prescription for uninterrupted patient care at HIMSS25 in Las Vegas from March 3-6. By visiting Booth #C1027, hospitals and healthcare providers can learn how to guard against one of the most lethal threats to patient data – ransomware – while uncovering how to sustain continuous business operations. Attendees are encouraged to explore Commvault's speaking sessions and immerse themselves in a cyber meltdown simulation d
Commvault Cloud enables easy, secure, CIS-hardened deployment across all major cloud hyperscaler marketplaces TINTON FALLS, N.J., Feb. 10, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced that the Commvault Cloud Platform can be easily deployed from major cloud marketplaces utilizing CIS-hardened images. These CIS-hardened images are pre-configured with CIS-recommended settings and controls and will be available on the following marketplaces: Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and VMware.
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
Commvault delivers new integration with the CrowdStrike Falcon® platform to help joint customers improve cyber readiness and achieve continuous business TINTON FALLS, N.J., Jan. 27, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced a new integration with the CrowdStrike Falcon® cybersecurity platform. The collaboration leverages CrowdStrike's rich security data and world-class threat intelligence within the Commvault Cloud, delivering layered threat detection and fast data recovery for joint customers.
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
Commvault's modern cloud native software received highest possible score in "Hyperscale cloud/IaaS" criterion TINTON FALLS, N.J., Nov. 25, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced its position as a Leader with the top score in the current offering category in The Forrester Wave™: Data Resilience Solutions, Q4 2024. The Forrester Wave is a guide for buyers considering their purchasing options in a technology marketplace, with evaluation highlighting Leaders, Strong Performers, and Contenders.
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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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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'
TINTON FALLS, N.J., Oct. 5, 2021 /PRNewswire/ -- On the heels of its most recent expansion into the Czech Republic and Slovakia, Commvault (NASDAQ:CVLT), a recognized global enterprise leader in Intelligent Data Services across on-premises, cloud, and SaaS environments, today announced that its award-winning Metallic™ Backup-as-a-Service (BaaS) solutions are now globally available across 30 countries, including in Asia, with portfolio availability in Hong Kong, India, Malaysia, and Singapore. Metallic is also now generally available in additional geographies through Metallic managed service provider (MSP) partners.
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8-K - COMMVAULT SYSTEMS INC (0001169561) (Filer)
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