Commvault Systems is a global leader in data protection and information management solutions
The company specializes in providing software and services that help organizations manage, protect, and utilize their data efficiently across various environments, including on-premises, cloud, and hybrid infrastructures. Commvault's offerings enable businesses to ensure data availability, streamline backup and recovery processes, and enhance overall data governance and security. With a strong focus on innovation, Commvault aims to empower organizations to harness the full potential of their data while addressing the growing challenges of data complexity and compliance.
Data backup provider Commvault (NASDAQCVLT) announced better-than-expected revenue in Q4 CY2024, with sales up 21.1% year on year to $262.6 million. On top of that, next quarter’s revenue guidance ($262 million at the midpoint) was surprisingly good and 4.3% above what analysts were expecting. Its non-GAAP profit of $0.94 per share was 7.6% above analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data storage industry, including Couchbase (NASDAQBASE) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at data storage stocks, starting with Commvault Systems (NASDAQCVLT).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how MongoDB (NASDAQMDB) and the rest of the data storage stocks fared in Q3.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data storage industry, including DigitalOcean (NYSEDOCN) and its peers.
Commvault Systems currently trades at $155 and has been a dream stock for shareholders. It’s returned 246% since December 2019, tripling the S&P 500’s 80.8% gain. The company has also beaten the index over the past six months as its stock price is up 31.3% thanks to its solid quarterly results.
Home security and automation software provider Alarm.com (NASDAQALRM) will be announcing earnings results tomorrow after market close. Here’s what investors should know.
