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 |
|---|---|---|---|
| 5/1/2026 | Peer Perform | Wolfe Research | |
| 4/27/2026 | $105.00 | Hold | Jefferies |
| 4/21/2026 | $105.00 | Sector Perform | Scotiabank |
| 3/24/2026 | $125.00 | Buy | Loop Capital |
| 3/23/2026 | Outperform → Mkt Perform | William Blair | |
| 12/30/2025 | $162.00 | Overweight | Stephens |
| 12/8/2025 | $190.00 | Outperform | Mizuho |
| 11/10/2025 | Outperform | Oppenheimer | |
| 10/27/2025 | $215.00 | Outperform | Robert W. Baird |
| 10/13/2025 | $200.00 | Neutral → Overweight | Piper Sandler |
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4 - COMMVAULT SYSTEMS INC (0001169561) (Issuer)
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4 - COMMVAULT SYSTEMS INC (0001169561) (Issuer)
4 - COMMVAULT SYSTEMS INC (0001169561) (Issuer)
4 - COMMVAULT SYSTEMS INC (0001169561) (Issuer)
4 - COMMVAULT SYSTEMS INC (0001169561) (Issuer)
4 - COMMVAULT SYSTEMS INC (0001169561) (Issuer)
4 - COMMVAULT SYSTEMS INC (0001169561) (Issuer)
10-K - COMMVAULT SYSTEMS INC (0001169561) (Filer)
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SCHEDULE 13G/A - COMMVAULT SYSTEMS INC (0001169561) (Subject)
10-Q - COMMVAULT SYSTEMS INC (0001169561) (Filer)
8-K - COMMVAULT SYSTEMS INC (0001169561) (Filer)
8-K - COMMVAULT SYSTEMS INC (0001169561) (Filer)
S-8 - COMMVAULT SYSTEMS INC (0001169561) (Filer)
10-Q - COMMVAULT SYSTEMS INC (0001169561) (Filer)
8-K - COMMVAULT SYSTEMS INC (0001169561) (Filer)
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Wolfe Research initiated coverage of Commvault Systems with a rating of Peer Perform
Jefferies initiated coverage of Commvault Systems with a rating of Hold and set a new price target of $105.00
Scotiabank initiated coverage of Commvault Systems with a rating of Sector Perform and set a new price target of $105.00
Loop Capital initiated coverage of Commvault Systems with a rating of Buy and set a new price target of $125.00
William Blair downgraded Commvault Systems from Outperform to Mkt Perform
Stephens initiated coverage of Commvault Systems with a rating of Overweight and set a new price target of $162.00
Mizuho initiated coverage of Commvault Systems with a rating of Outperform and set a new price target of $190.00
Oppenheimer initiated coverage of Commvault Systems with a rating of Outperform
Robert W. Baird initiated coverage of Commvault Systems with a rating of Outperform and set a new price target of $215.00
Piper Sandler upgraded Commvault Systems from Neutral to Overweight and set a new price target of $200.00
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Frontier models like Mythos and GPT-5.5-Cyber excel at rapidly identifying vulnerabilities, but may also expose exploitable threats to bad actors faster, making resilience essentialTINTON FALLS, N.J., June 1, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT), a leader in unified resilience at enterprise scale, recommends four steps organizations should take to stay resilient in the age of Frontier AI – where advanced AI models are accelerating vulnerability discovery, compressing exploitation timelines, and elevating the need for resilience. Frontier AI is reshaping the threat landsc
TINTON FALLS, N.J., May 26, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault is scheduled to present at the William Blair Growth Conference on Tuesday, June 2, 2026 at 10:40 a.m. CT. The presentation will be webcast live and archived under the Events section of the Company's Investor Relations website at http://ir.commvault.com.About Commvault Commvault (NASDAQ:CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cl
In the news release, PhoenixAI Launches as the Agentic AI Database and Names Rick Underwood President, issued May 20, 2026 by PhoenixAI over PR Newswire, we are advised by a representative of the company that updates have been made to the first paragraph. The complete, corrected release follows: PhoenixAI Launches as the Agentic AI Database and Names Rick Underwood President Formerly known as CelerData, PhoenixAI relaunches as the analytical engine built for autonomous AI agents to query live enterprise data at sub-second latency, at massive scale.SAN FRANCISCO, May 20, 2026 /PRNewswire/ -- PhoenixAI today launched as the Agentic AI Database, the analytical engine designed for AI agents to q
Formerly known as CelerData, PhoenixAI relaunches as the analytical engine built for autonomous AI agents to query live enterprise data at sub-second latency, at massive scale.SAN FRANCISCO, May 20, 2026 /PRNewswire/ -- PhoenixAI today launched as the Agentic AI Database, the analytical engine designed for AI agents to query live enterprise data at sub-second latency and massive concurrency. The company also named Rick Underwood as President to lead its next phase of growth and customer delivery. The relaunch reflects a fundamental shift in how enterprise data gets consumed. AI agents are increasingly the dominant workload on enterprise data, and they query differently than human analysts: t
Achieved all fourth quarter and fiscal 2026 guided metricsRecord $132 million free cash flow in fourth quarterTotal reported ARR grew +21% year over year, with $44 million in constant currency net new ARRTinton Falls, N.J., April 28, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fourth quarter and fiscal year ended March 31, 2026. "Our results reinforce that we are delivering durable growth fueled through industry-leading innovation and our rapidly expanding SaaS business," said Sanjay Mirchandani, President and CEO, Commvault. "In fi
Brings immutable, SaaS-based protection and resilience to petabyte-scale datasets in Google Cloud Storage that are critical for the agentic AI era TINTON FALLS, N.J., April 22, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT), a leader in unified resilience at enterprise scale, today announced that, based on strong customer demand, Clumio, a Commvault company, is extending its cloud-native cyber resilience capabilities to Google Cloud Storage, while expanding support for the leading hyperscaler environments. Customers using Google Cloud Storage can leverage Clumio to protect and recover large-scale datasets powering AI and analytics workloads.
TINTON FALLS, N.J., April 22, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT), a leader in unified resilience at enterprise scale, today announced the Commvault Cloud platform will be available on Google Cloud, bringing new levels of resilience to customers. As organizations scale cloud-first and AI-driven applications, resilience becomes critical to maintaining always-on digital operations. In fact, 55% of organizations lack confidence in their ability to recover systems and data following a major cyber incident.1Commvault Cloud on Google Cloud addresses this resilience gap with a
Issued on behalf of Quantum Secure Encryption Corp.Equity-Insider.com News CommentaryVANCOUVER, BC, April 17, 2026 /CNW/ -- The old playbook is dead. Gartner now forecasts global cybersecurity spending will hit $240 billion in 2026, up 12.5% from last year, as enterprises scramble to rebuild their defenses against two converging threats: ransomware attacks that now cost an average of $5.08 million per breach, and AI powered intrusions that compress attacker breakout times to under 30 minutes[1]. NIST's latest post-quantum migration guidance is telling organizations to start their cryptographic overhauls now, not later, because adversaries are already harvesting encrypted data today with plan
New partner-compatible offerings deliver greater choice, scalability, and fast, reliable cyber recovery TINTON FALLS, N.J., April 15, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT), a leader in unified resilience at enterprise scale, today announced an expansion of its Commvault Flex partner ecosystem, extending to Hitachi Vantara and NetApp. Designed for organizations with very large, dynamic datasets, Commvault Flex, previously called HyperScale Flex, delivers purpose-built data protection and resilience with a flexible architecture that connects to external high performance flash storage pools.
Next-generation AI capabilities will leverage Commvault Cloud to safely activate AI and build agentic workflows with trusted data, governance, and recoveryTINTON FALLS, N.J., April 13, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT), a leader in unified resilience at enterprise scale, today announced new and forthcoming AI capabilities that help organizations confidently adopt AI while maintaining control over data, agents, and recovery. These capabilities will enable enterprises to activate AI safely, discover and govern AI agents, and build and control agentic workflows, all from Commvault Cloud.
Live Leadership Updates
Veteran security executive and MDR pioneer joins Commvault TINTON FALLS, N.J., Oct. 20, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT), a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced the appointment of Geoff Haydon to its Board of Directors, effective October 17, 2025. Haydon will also serve on the Audit Committee. Haydon is a recognized leader in cybersecurity and managed detection and response (MDR) services with more than 30 years of experience building and scaling global technology organizations. He currently serves
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
Live finance-specific insights
Achieved all fourth quarter and fiscal 2026 guided metricsRecord $132 million free cash flow in fourth quarterTotal reported ARR grew +21% year over year, with $44 million in constant currency net new ARRTinton Falls, N.J., April 28, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fourth quarter and fiscal year ended March 31, 2026. "Our results reinforce that we are delivering durable growth fueled through industry-leading innovation and our rapidly expanding SaaS business," said Sanjay Mirchandani, President and CEO, Commvault. "In fi
Gary Merrill named Chief Financial OfficerGeoff Haydon named President of Customer and Field OperationsCompany reaffirms fourth quarter and fiscal year 2026 guidanceTINTON FALLS, N.J., April 13, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT), a global leader in unified resilience at enterprise scale, today announced two leadership appointments, effective immediately, to support the company's continued growth strategy. Both roles report to Commvault's President and CEO Sanjay Mirchandani. Gary Merrill has been named Chief Financial Officer (CFO). With more than two decades of exper
TINTON FALLS, N.J., April 7, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its fourth quarter fiscal year 2026 earnings results on Tuesday, April 28, 2026 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 Toll Free: (800) 715-9871 or International: (646) 307-1963 and referencing Event ID 5826149. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start
Total Revenue climbs +19% year over year to a record $314 million Annualized recurring revenue (ARR)1 reaches $1,085 million, up +22% year over year Sets high for new customers added in fiscal 2026 TINTON FALLS, N.J., Jan. 27, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fiscal third quarter ended December 31, 2025. "Commvault delivered another quarter of healthy growth and profitability driven by record customer engagement and adoption," said Sanjay Mirchandani, President and CEO, Commvault. "Customers and partners are turning to
TINTON FALLS, N.J., Jan. 6, 2026 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its third quarter fiscal year 2026 earnings results on Tuesday, January 27, 2026 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 7425985. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled star
Total revenues of $276 million, up 18% year over year Annualized recurring revenue (ARR)1 surpassed $1 billion milestone, ahead of March 2026 target Operating cash flow of $77 million, free cash flow2 of $74 million TINTON FALLS, N.J., Oct. 28, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fiscal second quarter ended September 30, 2025. "Commvault delivered a strong quarter fueled by solid ARR and SaaS growth that accelerated a key milestone for the company – achieving $1 billion in total ARR – two quarters earlier than projected,"
TINTON FALLS, N.J., Oct. 2, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its second quarter fiscal year 2026 earnings results on Tuesday, October 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 6143073. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled sta
Exceeded Guidance Across All Top Line Metrics Record Total Revenue of $282 million, up 26% year-over-year Annualized Recurring Revenue (ARR)1 grew to $996 million, up 24% year-over- year TINTON FALLS, N.J., July 29, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) today announced its financial results for the fiscal first quarter ended June 30, 2025. "Commvault delivered a strong start to the fiscal year, fueled by customer growth, disciplined execution, and rising demand for our industry-leading cyber resilience platform," said Sanjay Mirchandani, President and CEO, Commvault. "
TINTON FALLS, N.J., July 1, 2025 /PRNewswire/ -- Commvault (NASDAQ:CVLT) - Commvault will webcast a discussion of its first quarter fiscal year 2026 earnings results on Tuesday, July 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: (888) 596-4144 or International: (646) 698-2525 and referencing Event ID 5821918. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start t
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
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