Commvault's Growth To Outpace Legacy Competitors Like Dell And IBM, Analyst Says [Yahoo! Finance]
Commvault Systems, Inc. (CVLT)
Last commvault systems, inc. earnings: 1/29 07:40 am
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ir.commvault.com
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Source: Yahoo! Finance
According to the analyst, Commvault is benefiting from the increasing importance of data, which is driving growth in backup storage total addressable market. The company is also gaining from the rise in data security breaches and ransomware attacks, which create new revenue opportunities, Singh adds. As a leading provider of Backup-as-a-Service (BaaS) and Disaster Recovery-as-a-Service (DRaaS), Commvault is well-positioned to benefit from the shift to as-a-service platforms, the analyst writes. Singh sees these factors to lead to strong customer growth, market share gains, and a 35% – 40% increase in SaaS Annual Recurring Revenue (ARR) over the next three years. The analyst highlights that Commvault has adapted its offerings to support hybrid cloud and SaaS workloads while expanding into a SaaS delivery model. See Also: Nvidia Set For Major Surge To $204? Analyst Predicts Post-Q3 Boost Driven By Blackwell GPU Demand, Strong Margins This growth is expected to come at the e
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CVLT
News
- Commvault Systems, Inc. (NASDAQ: CVLT) is now covered by analysts at Oppenheimer Holdings Inc.. They set an "outperform" rating and a $200.00 price target on the stock.MarketBeat
- SaaS Backup Software Market Poised for Strong Growth: Forecast to Reach USD 4813 Million by 2030 with Rising Demand for Cloud Data Protection | Valuates Reports [Yahoo! Finance]Yahoo! Finance
- Commvault Systems, Inc. (NASDAQ: CVLT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Commvault Systems, Inc. (NASDAQ: CVLT) had its price target raised by analysts at Royal Bank of Canada from $164.00 to $182.00. They now have a "sector perform" rating on the stock.MarketBeat
- Commvault Announces Fiscal 2025 Second Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
CVLT
Earnings
- 10/29/24 - Beat
CVLT
Sec Filings
- 11/4/24 - Form 4
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- CVLT's page on the SEC website