Commvault tumbles after Guggenheim cuts rating to Neutral [Seeking Alpha]
Commvault Systems, Inc. (CVLT)
Last commvault systems, inc. earnings: 1/29 07:40 am
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US:NASDAQ Investor Relations:
ir.commvault.com
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Source: Seeking Alpha
The firm also withdrew its $160 price target on the shares of Commvault, which provides a platform for cybersecurity. Analysts led by Howard Ma said that Commvault's stock has risen about 113% year-to-date (versus iShares Expanded Tech-Software Sector ETF ( IGV ) +18%). Four of five resellers that the analysts spoke to, including a consultant that has visibility into multiple reseller businesses, missed their third quarter 2024 (fiscal second quarter 2025) Commvault business targets, citing a weak finish to the quarter, due in part to more deal scrutiny and spending hesitation. However, four of the resellers also maintained their full-year targets, steered by healthy pipelines, the analysts added. Based on their checks and the model setup, the analysts' continue to think that Commvault will exceed full-year guidance for both total annual recurring revenue, or ARR (+15%) and total revenue (+10% at the midpoint), but they see risk to the fiscal second quarter total revenue and po
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CVLT
News
- Commvault's Growth To Outpace Legacy Competitors Like Dell And IBM, Analyst Says [Yahoo! Finance]Yahoo! Finance
- 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
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