Commvault Cloud is now available to US Government Customers in ICMPTINTON FALLS, N.J., July 16, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced that it listed Commvault Cloud with Carahsoft Technology Corp, the Trusted Government IT Solutions Provider®, in the AWS Marketplace for the U.S. Intelligence Community (ICMP). ICMP is a curated digital catalog from Amazon Web Services (AWS) that makes it easy to discover, purchase, and deploy software packages and applications from vendors that specialize in supporting government customers.

Piper Sandler analyst James Fish maintains CommVault Systems (NASDAQ:CVLT) with a Neutral and raises the price target from $107 to $123.

Merrill and DiRico will work hand-in-hand to accelerate Commvault's next wave of growthTINTON 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.

CommVault Systems (NASDAQ:CVLT) underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 2 0 0 Last 30D 0 1 0 0 0 1M Ago 2 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 1 2 0 0 In the assessment of 12-month price targets, analysts unveil insights for CommVault Systems, presenting an average target of $124.25, a high estimate of $140.00, and a low estimate of $98.00. This upward trend is

Keybanc analyst Thomas Blakey maintains CommVault Systems (NASDAQ:CVLT) with a Overweight and raises the price target from $122 to $140.

CommVault Systems's (NYSE:CVLT) short percent of float has fallen 7.95% since its last report. The company recently reported that it has 788 thousand shares sold short, which is 2.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.87 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte

Guggenheim analyst Howard Ma reiterates CommVault Systems (NASDAQ:CVLT) with a Buy and maintains $122 price target.

Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on CommVault Systems (NASDAQ:CVLT) in the last three months. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 1 1 2 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $122.0, a high estimate of $140.00, and a low estimate of $98.00. This upward trend is apparent, with the

DA Davidson analyst Rudy Kessinger maintains CommVault Systems (NASDAQ:CVLT) with a Buy and raises the price target from $125 to $135.

Commvault SaaS data protection meets the U.S. government's strictest security protocols for trusted protectionTINTON 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. This certification signifies that Commvault Cloud for Government can securely handle the most sensitive, controlled unclassified information (CUI) in cloud computing environments for government agencies and contractors, providing unmatched data protection and

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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.

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

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.

Commvault delivers the full Commvault Cloud cyber resilience platform on AWS, including Cleanroom Recovery, Commvault SaaS Offerings, Air Gap Protect, and Cloud Rewind LONDON, Oct. 8, 2024 /PRNewswire/ -- COMMVAULT SHIFT -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced that the Commvault® Cloud cyber resilience platform will be available on Amazon Web Services (AWS). The Commvault Cloud platform, including its widely deployed SaaS offerings (formerly known as Metallic), will provide AWS customers with cutt

Joint solution delivers cyber resiliency, operational readiness, and rapid recovery capabilities to address growing regulations. LONDON, Oct. 8, 2024 /PRNewswire/ -- COMMVAULT SHIFT -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced a joint cyber readiness solution with Pure Storage that can play a key role in helping organizations comply with evolving and stringent regulations. For example, the European Union's (EU) Digital Operational Resilience Act (DORA), slated to take effect in January 2025, introduces

Commvault Cloud Backup & Recovery provides Google Workspace customers with comprehensive protection, multi-layered cyber resilience, and the simplicity of SaaS LONDON, Oct. 8, 2024 /PRNewswire/ -- COMMVAULT SHIFT -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced an expanded relationship with Google Cloud with the launch of Commvault® Cloud Backup & Recovery for Google Workspace. This new solution, which is targeted for availability by the end of the calendar year, will deliver comprehensive, end-to-end ente

Commvault provides cloud-first organizations with greater choice and flexibility to protect and recover data and cloud-native applications in a multi-cloud era TINTON FALLS, N.J., Sept. 24, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, announced it will acquire Clumio, a technology leader in data protection for critical cloud data in AWS. This transaction enables Commvault to leverage Clumio's AWS offerings to provide cyber resilience to next generation applications built on AWS. Clumio serves a wide

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

Latest Commvault Research Reveals How Proactive Investments and Attention to Cyber Recovery Can Save Millions in the Event of a Breach TINTON FALLS, N.J., Sept. 10, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, today released new critical insights from its 2024 Cyber Recovery Readiness Report. This global survey of 1,000 security and IT professionals across 11 countries, reveals interesting behavior changes for organizations that have been breached versus those that have not. The Commvault s

Live and virtual launch kicks off 40-city global SHIFT Roadshow TINTON FALLS, N.J., Aug. 15, 2024 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced SHIFT 2024. This annual in-person and virtual event, combined with a 40-city roadshow, are the industry's must-attend forums for CISOs, CIOs, data security, cloud, and data protection enthusiasts who want to learn about the latest developments, innovations, and partnerships in cyber resilience. As escalating cyber threats and attacks constantly put

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

TINTON FALLS, N.J., Jan. 30, 2024 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fiscal third quarter ended December 31, 2023.  "This was one of the strongest quarters in our history with double digit ARR and revenue growth, and robust free cash flow generation," said Sanjay Mirchandani, President and CEO. "As enterprises face non-stop cyberattacks and threats, the introduction of our new Commvault Cloud platform gives our customers groundbreaking strategies to stay resilient and also positions us for accelerated growth in fiscal year 202

TINTON FALLS, N.J., Jan. 4, 2024 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its third quarter fiscal year 2024 earnings results on Tuesday, January 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 6296061. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the we

TINTON FALLS, N.J., Oct. 3, 2023 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its second quarter fiscal year 2024 earnings results on Tuesday, October 31, 2023 beginning at 8:30 a.m. EDT 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 9393783. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the w

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

Keybanc downgraded CommVault Systems from Overweight to Sector Weight

Lake Street downgraded Commvault Systems from Buy to Hold and set a new price target of $64.00

William Blair downgraded CommVault Systems from Outperform to Market Perform

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.

TINTON FALLS, N.J., Feb. 4, 2021 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and on-premises environments, today announced the appointment of Isabelle Guis as Chief Marketing Officer (CMO). Guis will use her deep experience in marketing industry-leading cloud and SaaS-based solutions to take the reins of Commvault's global marketing efforts. Isabelle Guis, CMO "With Commvault's strong momentum and leading product portfolio, it's the perfect time for Isabelle to join," said Sanjay Mirchandani, CEO, Commvault. "Based in the Bay Area, her experience is well aligned to our business and I'