Recent Insider Transactions • May 22
President recently sold €560k worth of stock On the 19th of May, Sanjay Mirchandani sold around 6k shares on-market at roughly €89.71 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjay has been a net seller over the last 12 months, reducing personal holdings by €2.8m. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Director A. Sanders was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
Commvault Systems, Inc. Provides Earnings Guidance for the First Quarter of Fiscal Year 2027 and Full Fiscal Year 2027 Commvault Systems, Inc. provided earnings guidance for the first quarter of fiscal year 2027 and full fiscal year 2027. For the first quarter of year 2027, subscription revenue is expected to be between $263 million and $265 million.
For the full fiscal year 2027, the subscription revenue is expected to be between $1,115 million and $1,125 million and total revenues are expected to be between $1,300 million and $1,310 million. Announcement • Apr 16
Commvault Expands Commvault Flex To Hitachi Vantara And Netapp and NetApp for Scalable Resilience in the AI Era Commvault 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. The demand for AI-ready data center capacity is expected to rise at an average rate of 33% annually as more organizations use AI for their mission-critical applications. This explosion in AI-generated data is driving an acute need for resilient flexible solutions that can scale performance and capacity independently of traditional compute and storage. In turn, this can help organizations scale recovery of critical systems, avoid overprovisioning, help reduce costs, and support stringent service level agreements. Building on the existing Commvault Flex ecosystem with Everpure, HPE, and VAST Data, this expanded ecosystem with Hitachi Vantara and NetApp gives enterprises greater flexibility and confidence to meet cyber recovery performance objectives while maintaining consistency with their preferred storage vendors. The Commvault Flex models are delivered as a software image that can easily be installed on validated server hardware and connected with the storage hardware of these partners. The Commvault Flex integration with Hitachi Vantara and NetApp is targeted for general availability this summer. Pricing is configured based on the specific server and storage options selected for the solution. Announcement • Apr 12
Commvault Systems Reportedly Explores A Potential Sale After Receiving Takeover Interest from Multiple Parties Commvault Systems, Inc. (NasdaqGS:CVLT) is exploring a sale after receiving takeover interest from multiple parties, according to four people familiar with the matter. Commvault, which has a market capitalization of about $3.5 billion, is working with Goldman Sachs on its options, according to the sources, after fielding inquiries from both private equity firms and strategic buyers. Thoma Bravo (Thoma Bravo, L.P.) is among the potential buyers that have expressed interest in Commvault in recent weeks, said two of the sources. One source said the buyout firm had already made an earlier offer for the company, without specifying when and at what price. Commvault, Goldman Sachs, and Thoma Bravo declined to comment. Announcement • Apr 08
Commvault Systems, Inc. to Report Q4, 2026 Results on Apr 28, 2026 Commvault Systems, Inc. announced that they will report Q4, 2026 results on Apr 28, 2026 Announcement • Mar 05
Commvault Systems, Inc. Extends Identity Resilience to Okta Amid Exploding Identity-Driven Cyber Risk Commvault Systems, Inc. announced the expansion of its Identity Resilience portfolio to include support for Okta. Building on proven protection for identity systems, the new capability enables organizations to rapidly recover their Okta environments from misconfigurations, operational disruptions, and identity-driven cyberattacks. Identity exposure and credential theft are accelerating at an unprecedented rate as non-human, agentic, and API-based identities propagate and multiply. In 2024 alone, 107 billion identity records were exposed globally and last year, 57% of cyberattacks began with a compromised identity. As organizations adopt hybrid cloud architectures, SaaS applications, and AI-driven automation, identity systems have become the enterprise control plane, making their resilience mission-critical. While Okta's platform is designed to be resilient and help mitigate potential identity-based attacks, when an identity provider is disrupted – whether through human error or malicious activity – users are locked out, applications fail to authenticate, and operations can stall. Revenue impact, productivity loss, and customer-facing downtime can follow within minutes. Many organizations still rely on manual scripts and ad hoc processes to restore identity environments, increasing downtime and operational risk.
Commvault's Identity Resilience capabilities close this gap with automated protection and granular, point-in-time recovery of critical Okta objects and configurations. By combining secure, immutable storage with precise restoration capabilities, organizations can reduce disruption and regain access quickly. Announcement • Feb 02
Commvault Introduces Commvault Geo Shield to Help Organizations Manage Cyber Resilience While Retaining Control of Their Data Commvault announced Commvault Geo Shield, a solution approach designed to help organizations protect and recover critical data while retaining control over data location, how environments are operated, and who holds the encryption keys. As customers' sovereign needs evolve and cloud adoption accelerates, Commvault continues to meet its customers where they are. Commvault Geo Shield extends the company's long-standing support for regulated and compliance-driven environments. With this announcement, Commvault is focused on providing customers cloud sovereignty options that meet their individual requirements: Commvault Cloud SaaS in local hyperscaler regions, where available, to support data residency requirements; Commvault Cloud Saa SaaS in sovereign hyperscaler regions, including initial support for environments such as AWS European Sovereign Cloud, with additional regional sovereign cloud support planned; Partner-operated sovereign offerings, enabling qualified local service providers to deliver national or regional sovereign cloud services using Commvault software and air-gapped protection; Private sovereign cloud deployments, operated by customers or designated partners within dedicated environments. Commvault Geo Shield helps organizations: Enable cyber resilience without sacrificing sovereignty by supporting deployment patterns that validate recoverability and operational resilience while maintaining in-region control of data, operations, and encryption keys; M maintain customer-controlled encryption keys, for example, supporting Bring Your Own Key (BYOK) and Hold Your Own Key (HYOK) models, and integrating with customer- or partner-managed hardware security modules (HSMs). Operate within boundaries, including "no call home" requirements with operations run by screened local partners. Announcement • Jan 13
Commvault Launches Unified Data Vault - Giving Cloud Developers an Easy and Unified Way to Bring Resilience to S3 Data Commvault announced Commvault Cloud Unified Data Vault, a cloud-native service that extends Commvault's trusted, air-gapped protection and resilience capabilities to data written using the S3 protocol, bringing S3-based application and AI data under a unified, policy-driven protection framework for enterprise-grade resilience. By providing a secure, Commvault-managed S3-compatible endpoint, Unified Data Vault allows organizations to apply policy-driven, immutable protection to modern and custom workloads, including emerging AI workloads, without installing agents or building new data management silos. Announcement • Jan 07
Commvault Systems, Inc. to Report Q3, 2026 Results on Jan 27, 2026 Commvault Systems, Inc. announced that they will report Q3, 2026 results on Jan 27, 2026 Announcement • Dec 05
Commvault Systems, Inc. Announces Chief Financial Officer Changes Commvault announced that Jen DiRico, Chief Financial Officer, will be departing the company at the end of the calendar year to pursue another opportunity. The company has initiated a comprehensive executive search for its next CFO. As part of this transition, Sanjay Mirchandani, Commvault's President and CEO, will assume oversight of a newly established Office of the CFO comprised of Kevin White, Vice President of Finance, and Danielle Abrahamsen, Chief Accounting Officer, until the new CFO is in place. Announcement • Dec 03
Commvault Showcases Unified Cyber Resilience at Gartner IT Infrastructure, Operations & Cloud Strategies (IOCS) Conference 2025 Commvault announced it will demonstrate its latest innovations in cyber resilience and AI-enabled recovery at the Gartner IT Infrastructure, Operations & Cloud Strategies (IOCS) Conference 2025, taking place December 9 - 11, 2025 in Las Vegas. On December 9 at 11:45 a.m. PST, Commvault's Global Field CTO Rahul Pawar will lead a session, "Unified Cyber Resilience with AI for Hybrid & Cloud," exploring how enterprises can gain unified visibility and control across hybrid and multi-cloud environments with the Commvault Cloud platform. Attendees will learn how AI-driven insights and intelligent automation help foster faster, cleaner recoveries, stronger protection, and measurable cost efficiencies across complex infrastructures. At Booth #344, Commvault will showcase new cyber resilience innovations introduced in November at the company's SHIFT 2025 event. For example, attendees can hear more about Synthetic Recovery, which utilizes AI to help identify corrupted data following an attack and cleanly recover the rest. Visitors can also learn about the company's new Identity Resilience capabilities, which enable customers to find hard-to-detect threats in popular identity solutions, log and audit malicious changes, and rapidly roll back changes to a trusted, clean state. Announcement • Oct 28
Commvault Systems, Inc. Provides Earnings Guidance for the Third Quarter of Fiscal Year 2026 and Updates Earnings Guidance for the Full Fiscal Year 2026 Commvault Systems, Inc. provided earnings guidance for the third quarter of fiscal year 2026. For the quarter, total revenues are expected to be between $298 million and $300 million and Subscription revenue is expected to be between $195 million and $197 million.
For the full fiscal year 2026, the company updated earnings guidance and now the total revenues are expected to be between $1,161 million and $1,165 million and Subscription revenue is expected to be between $753 million and $757 million. Announcement • Oct 21
Commvault Systems, Inc. Announces Board and Committee Changes Commvault Systems, Inc. announced that On October 17, 2025, Mr. Geoff Haydon was appointed to the board of directors of Commvault Systems, Inc., to hold office until the Company’s 2026 Annual Meeting of Stockholders. Mr. Haydon was also appointed to the Audit Committee. Mr. Haydon’s extensive experience leading global cybersecurity businesses and scaling enterprise technology companies provides significant value to the Board. He has been Chief Executive Officer of Ontinue, an MDR company, since its 2023 spin-off from Open Systems. At Open Systems, Mr. Haydon served as Executive Chairman from 2023 to 2024 and Chief Executive Officer from 2021 to 2022. Previously, he led VMware’s Carbon Black/Security Business Unit as Senior Vice President from 2020 to 2021 and was Chief Revenue Officer at Secureworks from 2018 to 2021. Earlier, he served as Chief Executive Officer at Absolute Software from 2014 to 2018. On October 15, 2025, Ms. Allison Pickens notified the Board of her decision to resign in order to focus on her venture capital firm, Allison Pickens Ventures, where she serves as Founder and Managing Director. The Board thanks Ms. Pickens for her service to the Company. Ms. Pickens’ resignation from the Board was not associated with or attributable to any disagreement with the Company, the Company’s management, or any other member of the Board. Announcement • Oct 02
Commvault Systems, Inc. to Report Q2, 2026 Results on Oct 28, 2025 Commvault Systems, Inc. announced that they will report Q2, 2026 results on Oct 28, 2025 Announcement • Sep 30
Commvault Delivers Cyber Resilience for AI Data Lakehouses on AWS with Support for Apache Iceberg Tables Commvault launched Clumio for Apache Iceberg on AWS, the industry's first and only solution to deliver Iceberg-aware, air-gapped cyber resilience. Commvault is empowering organizations to accelerate the recovery of their critical AI and analytics workloads at a massive scale while establishing a new standard for data lakehouse protection. The adoption of Apache Iceberg is on the rise; technology leaders such as Netflix1, Apple2, and Airbnb3 rely on Apache Iceberg, and "over 70% of IT and data professionals expect the data lakehouse to become the primary architecture for their analytics within the next three years--4. Modern data lakehouses built on Apache Iceberg, while foundational to AI and analytics initiatives, often lack robust, native data resilience. This leaves organizations at risk for data loss, ransomware attacks, and compliance risks. Native snapshots, while a first step, are typically tied to the source account, lack a true air-gapped copy, and are not designed for large-scale, point-in-time recovery. This makes them vulnerable to the same risks. The launch of Clumio for Apache Iceburg on AWS reinforces Commvault's leadership in the cyber resilience market and deepens its partnership with AWS. Clumio for Apache Ice production is now generally available in the AWS Marketplace, supporting both self-managed tables via the AWS Glue Data Catalog and fully managed tables via Amazon S3 tables. More information about Clumio for Apache Ice Berg on AWS can be found here. Build Cyber Resilience in an AI-Driven World at SHIFT 2025. Learn about Commvault's latest offerings and what's to come at SHIFT 2025 from November 11-12 in NYC.ear from Commvault executives and industry experts on the latest AI trends, take part in the hands-on cyber resilience workshops, and more. Register for SHIFT Virtual on November 19. Announcement • Aug 27
Commvault Unveils New HyperScale Solutions, Delivering Unprecedented Choice for On-Site Cyber Resilience Commvault announced two powerful additions to its HyperScale portfolio: HyperScale Edge and HyperScale Flex. As modern enterprises generate more data from remote offices and edge locations, these environments have becomerative and vulnerable targets for cyberattacks. The 2024 Verizon Data Breach Investigations Report reveals a startling trend: breaches from the exploitation of edge devices and VPNs surged to 22%, an eightfold increase from the previous year. To help customers address this challenge and improve their resilience, Commvault has developed HyperScale Edge and Hyper scale-out integrated appliance, these new on-premises offerings provide customers with exceptional flexibility, performance, and resilience for protecting workloads running in various environments. Like HyperScale X, both HyperScale Edge and Flex models are delivered as a software image that can easily be installed on validated hardware. HyperScale Edge enables localized data protection and recovery for remote sites, edge locations, and small and medium-sized businesses where space and IT resources are limited. This could include retail stores, branch offices, and distribution centers. Customers can utilize this offering in combination with validated hardware from Dell, HPE, and Lenovo. For large, data-intensive, and AI workloads, such as those generated by technology, telecom, and healthcare industries, HyperScale Flex delivers high-performance backup and recovery with a flexible architecture that connects to external flash storage pools. Supporting certified storage offerings from Pure Storage, VAST Data, and in the near future, HPE, it enables organizations to meet the extreme performance demands and multi-petabyte capacity requirements of modern applications and AI/ML workloads. Availability and Pricing: Commvault HyperScale Edge is generally available today. The software is available via a subscription model with pricing per node/per month or as a perpetual license plus support costs. Customers are responsible for purchasing an approved server based on the HyperScale Reference Architecture. Commvault HyperScale Flex is available now for early adopter customers, who can contact Commvault Sales to request access to the EA program. Pricing is configured based on the specific server and storage options selected for the solution. Announcement • Jul 29
Commvault Systems, Inc. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2026 Commvault Systems, Inc. provided earnings guidance for the second quarter and full fiscal year 2026. For the quarter, the company expects total revenues are expected to be between $272 million and $274 million. Subscription revenue is expected to be between $174 million and $176 million.
For the full year, the company expects total revenues are expected to be between $1,161 million and $1,165 million. Subscription revenue is expected to be between $753 million and $757 million. Announcement • Jul 25
Commvault Systems, Inc. (NasdaqGS:CVLT) signed a letter of intent to acquire Satori Cyber Ltd. Commvault Systems, Inc. (NasdaqGS:CVLT) signed a letter of intent to acquire Satori Cyber Ltd on July 24, 2025.
The expected completion of the transaction is August 31, 2025. Announcement • Jul 23
Commvault Unveils Clumio Backtrack for Amazon DynamoDB, Reshaping Cloud-Native Database Recovery and Resilience Commvault announced the general availability of Clumio Backtrack for Amazon DynamoDB, an advanced offering that transforms how organizations recover data from one of the most widely used cloud-native NoSQL databases in the world. Amazon DynamoDB has become a foundational technology for cloud-first development teams, especially those building high-scale, latency-sensitive applications such as real-time personalization engines, e-commerce platforms, mobile apps, and AI-driven services. Developers and cloud architects depend on DynamoDB for speed and scalability, but when it comes to data recovery - following a bug, accidental deletion, or related event - agility and precision can be challenging. DynamoDB deployments contain complex tables, usually with multiple partitions within each table, that are constantly updated by applications and microservices. When there is an operational disruption, teams would generally prefer to recover just the impacted partitions, but with traditional methods, that's often not possible. Teams have to restore all of the data to an entirely new table, copy only the impacted items back, and then delete the new table to minimize storage and operations costs. For organizations managing complex tables with billions of records and terabytes of data, this can be a slow, resource-intensive process, which can lead to extended downtimes and high operational overhead. Clumio Backtrack for DynamoDB changes the game for DynamoDB recoveries. It allows teams to near instantly recover existing DynamoDB tables to a prior point in time with no reconfiguration necessary - an industry first. Organizations can also recover individual partitions versus entire tables, cutting both recovery times and recovery costs. This pioneering approach, combined with an "incremental forever" backup model, not only helps deliver faster, more precise recovery but also can lower Total Cost of Ownership (TCO) compared to native options that only offer full backups. The introduction of Clumio Backtrack For DynamoDB is a fast follow to the launch of Clumio Backtrackfor Amazon Simple Storage Service (S3), which enables enterprises to use automation to rapidly revert objects - or pieces of data - stored in Amazon S3 to a specific version at a specific point and time. With the addition of Clumio Backtrack to AWS customers focused on resilience. Clumio Back track for DynamoDB is now available globally via the AWS Marketplace. Pricing is consumption-based. Announcement • Jul 08
Commvault Systems, Inc. Announces Executive Appointments Commvault Systems, Inc. announced Alan Atkinson has become the company's first Chief Business Development Officer. In this new role, he will build strategic next-gen technology and security partnerships, drive co-development initiatives, and create new go-to-market opportunities for Commvault and its partners, all within the Business Development organization led by Chief Trust Officer Danielle Sheer. With this transition, Commvault has recruited a new dynamic partner leader, Michelle Graff, as Senior Vice President of Global Partners and Channel. In her role, Graff will lead Commvault's global partner strategy and ecosystem, overseeing partner sales, resellers and alliances, and the vision and execution of the company's partner programs. She will focus on advancing growth and co-innovation with partners and delivering differentiated cloud and AI-forward solutions to customers. Graff brings more than 25 years of deep partner experience to Commvault. Prior to Commvault, she served as Vice President of Global Channel Sales and Alliances at Securiti.ai, where she was instrumental in creating and scaling the company's indirect revenue engine. Prior to that, Graff held leadership roles at various security, technology, and storage companies, including HashiCorp, Pure Storage, and Palo Alto Networks. Announcement • Jun 26
Commvault Systems, Inc., Annual General Meeting, Aug 07, 2025 Commvault Systems, Inc., Annual General Meeting, Aug 07, 2025. Location: eting, United States Announcement • Jun 12
Commvault Announces Its Showcase At AWS re:Inforce Commvault announced its showcase at AWS re:Inforce, running June 16-18 in Philadelphia. Every year, AWS re:Inforce draws thousands of security professionals interested in learning how to enhance their organization's cloud security posture. Attendees range from CISOs and CTOs to DevSecOps and Security Architects. Commvault will be exhibiting in booth #631, demonstrating the Commvault Cloud platform and discussing with this audience the value of Commvault's solutions and ecosystem integrations for detecting threats early, accelerating response, and enabling fast recovery of clean data. Supporting the widest breadth of AWS workloads, including Amazon Simple Storage Service (Amazon S3), Amazon Elastic Compute Cloud (Amazon EC2), and Amazon DynamoDB, Commvault will be offering show attendees the opportunity to put its cyber resilience solutions to the test. From readiness to protection to resilience, solutions available to demo include: Cleanroom Recovery for testing cyber recovery plans and having a clean, isolated location in AWS to restore to, when needed. Clumio Backtrack for rapid recovery of datasets stored in Amazon S3 at billion object scale. Cloud Rewind for restoring clean data and automating the cloud application rebuild process. Air Gap Protect for isolated, immutable data storage built on the same scale as Amazon S3. Threat Scan for active threat monitoring with AI-assisted anomaly detection and fast, clean recovery. Announcement • Jun 10
Commvault Unveils New Post-Quantum Cryptography Capabilities to Help Customers Protect Data from a New Generation of Security Threats Commvault announced enhancements to its PQC capabilities. These advancements are designed to help customers protect their highly sensitive, long-term data from a new generation of imminent but unknown cyber threats, creating an additional layer of support, when needed. Quantum computing uses quantum mechanics to process data and solve complex problems that could take decades with classical computers. However, these advancements bring unprecedented security challenges, along with the potential for threat actors to use quantum computing to decipher and unlock traditional encryption methods. According to the Information Systems Audit and Control Association's (ISACA) Quantum Computing Pulse Poll, 63% of technology and cybersecurity professionals say quantum will increase or shift cybersecurity risks and 50% believe it will present regulatory and compliance challenges1. Now is the time to prepare and take action. With today's announcement, Commvault has built on that framework by adding support for Hamming Quasi-Cyclic (HQC), a new error correcting code-based algorithm designed to defend against threats like 'harvest now, decrypt later' where adversaries are intercepting encrypted network traffic and storing it for a later time when quantum computers are powerful enough to decrypt it. For industries where long-term data storage is required, like finance and healthcare, Commvault's expanded post-quantum cryptography capabilities provide access to a variety of safeguards that can help fortify network tunnels against quantum-based attacks. With Commvault'sRisk Analysis capabilities, customers can discover and classify data to determine where these cryptographic capabilities may be helpful. In addition, Commvault's capabilities are simple to implement, often using a checkbox configuration, making it easy for customers to utilize when needed. The evolving quantum landscape - the need for speed As investments pour into the quantum field, the time to address emerging threats is shrinking. This makes proactive adoption of post-quantum cryptography critical. Commvault's rapid integration of NIST's quantum-resistant standards, particularly HQC, gives great confidence that its critical information is protected now and well into the future," said Peter Hands, Chief Information Security Officer, British Medical Association. Announcement • Apr 29
Commvault Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Fiscal Year 2026 Commvault Systems, Inc. provided earnings guidance for the first quarter and full fiscal year 2026. For the first quarter, the company expects total revenues are expected to be between $266 million and $270 million. Subscription revenue is expected to be between $166 million and $170 million.
For the full year, the company expects total revenues are expected to be between $1,130 million and $1,140 million. Subscription revenue is expected to be between $727 million and $732 million. Announcement • Apr 16
Commvault to Bring Fast, Clean, and Complete Cyber Recovery and Resilience to RSAC™? Conference 2025 Commvault is excited to bring fast, clean, and complete cyber recovery and resilience to RSAC™? Conference 2025, running April 28-May 1 in San Francisco. This year, Commvault is expanding its presence across the city, offering conference attendees multiple and unique ways to experience a new era in cyber resilience and cyber preparedness. First, RSAC attendees can visit booths #N-5678 and #N-4308 at the Moscone Center and take part in modern and highly interactive demo experiences. Rewind to the future with the Commvault Cloud experience at #N-5678 and demo the full Commvault Cloud platform at #N-4308. From Cleanroom Recovery and Air Gap Protect to Clumio Backtrack, Threat Scan and Risk Analysis, attendees will learn how Commvault delivers the fastest, most complete cyber resilience. Mission: Recoverable at the Alloy Collective | April 29-May 1, next, take a short walk from the Moscone Center to the Alloy Collective to experience the harrowing challenges of living through a high-fidelity cyberattack via the Commvault®? Recovery Range™?, powered by SimSpace. Recovery Range, making its debut at RSAC, is the first hands-on cyber range that enables CSOs, CISOs, CIOs, and security & IT operators to not only battle sophisticated cyber threats and real-world attacks but also gain the critical skills required to navigate and rapidly recover from these cyber crises. Space is limited, register on April 29, April 29, 11:00am - 12:00pm PT or 1:30pm - 2:30pm PT; May 1 | 9:00am - 10:00am - 10;00am PT. Announcement • Apr 03
Commvault Systems, Inc. to Report Q4, 2025 Results on Apr 29, 2025 Commvault Systems, Inc. announced that they will report Q4, 2025 results on Apr 29, 2025 Announcement • Mar 31
Commvault Appoints Bill O'connell as Chief Security Officer Commvault 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. Most recently, O'Connell led technical, operational, and strategic programs to protect critical data and infrastructure at Roche, and prior to that, he held numerous security leadership positions at ADP, overseeing all application, software, and product security for the company globally. A University of Maryland alumnus, O'Connell holds Bachelor's and MBA degrees, as well as a graduate certificate in Cyber Security Policy. He previously served as Chair of the National Cyber Security Alliance Board of Directors and remains actively involved in various industry working groups focused on threat intelligence and privacy. Announcement • Feb 11
Commvault Launches CIS-Hardened Images for Simple, Secure Cloud Deployments Commvault announced that the Commvault Cloud Platform can be easily deployed from major cloud marketplaces utilizing CIS-hardened images. These CIS-hardened images are pre-configured with CIS-recommended settings and controls and will be available on the following marketplaces: Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and VMware. CIS-hardened images are software files that are pre-configured to align with the Center for Internet Security (CIS) Benchmarks. Hardening helps reduce configuration vulnerabilities, such as overly-permissive network policies that can create opportunities for malicious actors. In fact, configuration errors are one of the most common causes of cloud vulnerabilities, contributing to 23% of cloud infrastructure attacks, according to industry research. Customers will be able to use the new CIS-hardened images to quickly and confidently configure and deploy Commvault Cloud and benefit from: Pre-built Compliance Checks: CIS-hardened images provide organizations with secure, hardened environments from the moment of deployment and give customers confidence their control plane has been installed and configured using industry-recognized best practices. Enhanced Cybersecurity: The CIS-hardened images minimize vulnerabilities by addressing common misconfiguration risks, offering peace of mind against attacker exploitation. Streamlined Compliance Mapping: CIS Benchmarks are mapped to key security frameworks such as NIST CSF, HIPAA, PCI-DSS, and ISO 27001, simplifying adherence to complex regulatory requirements. Broad Marketplace Availability: Organizations will be able to deploy Commvault Cloud directly from AWS, Azure, Google Cloud, or VMware marketplaces, enabling fast and secure installations with minimal effort. Announcement • Jan 28
Commvault Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2025 Commvault Systems, Inc. provided earnings guidance for the fourth quarter and full fiscal year 2025. For the quarter, the company expects Total revenues are expected to be between $260 million and $264 million.
For the year, the company expects Total revenues are expected to be between $980 million and $985 million. Announcement • Jan 15
Commvault Automates Active Directory Forest Recovery to Protect 'Keys to the Kingdom' Amidst Rampant and Debilitating Ransomware Attacks Commvault introduced an expansion of its platform to provide full and automated forest recovery for the world's most widely used enterprise identity and access solution, Microsoft Active Directory. As organizations continue to combat non-stop cyberattacks and threats, Commvault®? Cloud Backup & Recovery for Active Directory Enterprise Edition is the latest addition to the Commvault Cloud platform, which already protects a vast array of workloads and is designed to keep customers resilient, operational, and in a state of continuous business. Active Directory, often called the "backbone of enterprise IT," manages authentication for more than 610 million users worldwide and controls access to critical business systems, protecting everything from workstation logins to physical building access. If Active Directory goes offline, business operations can come to a halt. Badactors know this all too well, which is why they make Active Directory a primary target in up to 9 out of 10 cyberattacks2. When disaster strikes, recovering Active Directory is vital, yet traditionally has been very hard to do, requiring intricate, time-consuming, manual processes, as described by Microsoft's Forest Recovery Guide. Commvault is changing this with Backup & Recovery for Active directory Enterprise Edition. It brings a new level of resilience to Active Directory by enabling automated, rapid recovery of the Active Directory forest, which includes users, groups, permissions, and domain controllers across the organization. This new offering eliminates slow and error-prone manual processes often associated with Active Directory forest recoveries. With Backup & Recovery for Active Directory enterprise Edition, enterprises will be able to: Make Active Directory recovery a snap via automated runbooks: Automated forest recovery runbooks streamline the multi-step process required for Active Directory forest recovery, including tasks like transferring key roles from an unavailable domain controller to a functioning one, which is essential for a clean recovery. These runbooks can also be used for regular testing in non-production environments to enhance cyber readiness. Enable fast recovery of the most important Active Directory infrastructure: Visual topology views of an organization's Active Directory environment enable simple and rapid identification of which domain controllers to restore first and how they should be recovered to accelerate availability of Active Directory services. Accelerate recovery times and advance resilience: Manually recovering an Active Directory forest can take days or even weeks to complete, but with Commvault, organizations can recover it in a fraction of the time. Commvault's Cloud platform integrates Active Directory forest recovery with granular recovery of both Active Directory and Entra ID, the cloud-based identity service, providing comprehensive protection. Commvault Cloud Backup & Recovery for Active Directory Enterprise Edition is targeted for general availability within the first half of 2025 and priced per user. Announcement • Jan 07
Commvault Systems, Inc. to Report Q3, 2025 Results on Jan 28, 2025 Commvault Systems, Inc. announced that they will report Q3, 2025 results on Jan 28, 2025 Announcement • Nov 26
Commvault Unveils Clumio Backtrack: Providing Near Instant Recovery of Massive Datasets Stored in Amazon S3 Commvault announced Clumio Backtrack, a new capability that will enable enterprises to use automation to rapidly revert objects - or pieces of data - stored in Amazon Simple Storage Service (Amazon S3) to a specific version at a specific point and time. This makes it quick and easy for cloud operations, IT, and security teams to recover data from errors, accidents, or cyberattacks, almost as if they were able to turn back the clock to the last known good state. But, the capability goes well beyond that in terms of scale. Leveraging Amazon S3 Versioning, Backtrack will uniquely empower organizations to recover datasets of commercially any size, from individual objects to whole Amazon S3 buckets where billions of objects may be stored. At-Scale, Automated Object Recovery in Amazon S3 The magnitude of this innovation becomes clear when a large-scale recovery is considered. Today, teams can use powerful Amazon S3 Versioning capabilities to recover specific objects with ease. So, if a piece of data in Amazon S3 is lost, deleted, or altered, users can easily go back in time and revert to a good copy of that data. Over the last year, Commvault has made significant strides in supporting cloud-first customers, with its recent acquisition of Clumio and availability of Commvault Cloud offerings, including Cloud Rewind, Air Gap Protect, and Cleanroom Recovery across multiple clouds. The launch of this solution further extends Commvault's expertise in cyber resilience to deliver enhanced recovery capabilities for enterprises worldwide. Commvault will offer early access to Clumio Backtrack in December, with global general availability planned for early 2025. See it in Action Commvault will be demonstrating this new solution at AWS re:Invent 2024 from December 2-6, 2024 in Las Vegas. Attendees are invited to visit Commvault's booth #722 and its Clumio booth #513 for live demonstrations and discussions on how this solution can transform their resilience strategies. Announcement • Oct 30
Commvault Systems, Inc. Provides Revenue Guidance for the Third Quarter and Full Year Fiscal 2025 Commvault Systems, Inc. provided revenue guidance for the Third Quarter and Full Year Fiscal 2025. For the quarter, the company expects Total revenues are expected to be between $243 million and $247 million.
For the full year, the company expects Total revenues are expected to be between $952 million and $957 million. Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: US$0.36 (vs US$0.30 in 2Q 2024) Second quarter 2025 results: EPS: US$0.36 (up from US$0.30 in 2Q 2024). Revenue: US$233.3m (up 16% from 2Q 2024). Net income: US$15.6m (up 20% from 2Q 2024). Profit margin: 6.7% (up from 6.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Oct 08
Commvault Launches Cloud Rewind - Transforming How Cloud-First Organizations Rapidly Recover After a Cyberattack Commvault 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. When organizations are attacked, restoring the data is only half the battle. The truly laborious task is actually restoring the distributed cloud applications, which are used to run and power that data. Think of it like this: a typical enterprise organization may use as many as 371 cloud applications spanning various services like finance, HR, and operations. After an attack, organizations often can't resume "business-as- usual" operations until many of those applications are rebuilt in a step-by-step, systematic, time-consuming way. The majority of enterprises report that it takes more than a week to return to normal operations, according to Commvault's latest research. That's too long. Keep security teams in-sync with drift analysis: helps return restored systems to their correct state by identifying and correcting any deviations (or "drifts") from the original configuration. This proactive capability keeps tabs so that restored systems are aligned with their secure and functional state after an incident. Automated cyber recovery testing with Recovery-as-Code: captures not only the data but also the full map of applications, infrastructure, and networking configurations. This means that systems can be restored with their complete operational blueprint intact, reducing guesswork for a thorough recovery. Avoid wasting cloud resources with on-demand cloud reconstruction: puts it all back together, helping customers swiftly rebuild both the data environment and its supporting infrastructure. This provides organizations with a secure and operational cloud environment, ready for immediate use following a disruption. Integrated application-centric cyber recovery and disaster recovery: Cloud Rewind integrates with Commvault Cloud data resilience capabilities to help organizations rapidly recover from short-term failures to debilitating cyber-attacks with a few clicks. Cloud Rewind supports all major public and private cloud platforms, including Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure, for true customer cloud choice. Cyber Resilience Dashboard: Complementing Commvault's cloud-native rebuild technology is its new Cyber Resilience Dashboard. This dashboard provides continuous ransomware readiness assessments that make it easy for organizations to understand where they have gaps in their resilience plans. It also delivers actionable insights to improve resilience and recovery readiness. The dashboard provides a view across the entire data estate, assessing components such as testing frequency and success, and availability of immutable air-gapped copies of critical data. Leveraging that information, organizations receive a grade based on their readiness to recover and recommendations on improving it. Cloud Rewind and the Cyber Resilience Dashboard will be generally available in the coming months. For more information about the new Commvault Cloud offerings. Hear about the latest in cloud-first cyber resilience at SHIFT on October 9 and 10, 2024. Buy Or Sell Opportunity • Oct 02
Now 21% undervalued Over the last 90 days, the stock has risen 17% to €134. The fair value is estimated to be €169, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to decline by 44% in the next 2 years. Announcement • Sep 26
Commvault Systems, Inc. to Report Q2, 2025 Results on Oct 29, 2024 Commvault Systems, Inc. announced that they will report Q2, 2025 results on Oct 29, 2024 Announcement • Sep 25
Commvault Systems, Inc. (NasdaqGS:CVLT) agreed to acquire Clumio, Inc.for $47 million. Commvault Systems, Inc. (NasdaqGS:CVLT) agreed to acquire Clumio, Inc.for $47 million on September 24, 2024. A cash consideration of $47 million will be paid by Commvault Systems, Inc. The purchase price is not material to Commvault and will be funded with cash on hand. The asset acquisition is expected to close in early October 2024.
BofA Securities, Inc. acted as financial advisor for Commvault Systems, Inc. Hogan Lovells US LLP acted as legal advisor for Commvault Systems, Inc. Recent Insider Transactions • Aug 30
Chief Commercial Officer recently sold €2.3m worth of stock On the 27th of August, Gary Merrill sold around 17k shares on-market at roughly €135 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.0m. Insiders have been net sellers, collectively disposing of €24m more than they bought in the last 12 months. Buy Or Sell Opportunity • Aug 24
Now 20% undervalued Over the last 90 days, the stock has risen 30% to €133. The fair value is estimated to be €166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to decline by 44% in the next 2 years. Recent Insider Transactions • Aug 22
President recently sold €4.0m worth of stock On the 20th of August, Sanjay Mirchandani sold around 30k shares on-market at roughly €134 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjay has been a net seller over the last 12 months, reducing personal holdings by €16m. Buy Or Sell Opportunity • Aug 05
Now 30% undervalued Over the last 90 days, the stock has risen 15% to €116. The fair value is estimated to be €165, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to decline by 44% in the next 2 years. New Risk • Jul 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (3.6% average weekly change). Significant insider selling over the past 3 months (€12m sold). Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: US$0.42 (vs US$0.29 in 1Q 2024) First quarter 2025 results: EPS: US$0.42 (up from US$0.29 in 1Q 2024). Revenue: US$224.7m (up 13% from 1Q 2024). Net income: US$18.5m (up 47% from 1Q 2024). Profit margin: 8.2% (up from 6.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Commvault Systems, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2025 and Updates Earnings Guidance for the Full Fiscal Year 2025 Commvault Systems, Inc. provided earnings guidance for the second quarter of fiscal year 2025 and updated earnings guidance for the full fiscal year 2025. For the second quarter, the company's total revenues are expected to be between $218 million and $222 million.
The company provided updated guidance for the full fiscal year 2025, Total revenues are expected to be between $915 million and $925 million. Announcement • Jul 23
Commvault Appoints Pranay Ahlawat as Chief Technology and AIOfficer Commvault, 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. Ahlawat brings to Commvault a rich background in AI, cloud and infrastructure software, business strategy, product development, and operations. Prior to joining Commvault, Ahlawat held leadership roles at Boston Consulting Group (BCG), advising software and Software as a Service (SaaS) companies on cloud and infrastructure. He also globally led the product innovation and engineering topic at BCG and the firm's thinking on the impact of Gen AI on software development. Announcement • Jul 04
Commvault Systems, Inc. to Report Q1, 2025 Results on Jul 30, 2024 Commvault Systems, Inc. announced that they will report Q1, 2025 results on Jul 30, 2024 Announcement • Jun 26
Commvault Systems, Inc., Annual General Meeting, Aug 08, 2024 Commvault Systems, Inc., Annual General Meeting, Aug 08, 2024. Location: meeting, United States Recent Insider Transactions • Jun 02
Independent Director recently sold €1.1m worth of stock On the 29th of May, Charles Moran sold around 11k shares on-market at roughly €102 per share. This transaction amounted to 58% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.7m. Insiders have been net sellers, collectively disposing of €19m more than they bought in the last 12 months. Recent Insider Transactions • May 20
President recently sold €4.7m worth of stock On the 17th of May, Sanjay Mirchandani sold around 46k shares on-market at roughly €102 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjay has been a net seller over the last 12 months, reducing personal holdings by €11m. Announcement • May 15
Commvault Systems, Inc. (NasdaqGS:CVLT) completed the acquisition of Appranix, Inc. for approximately $26 million. Commvault Systems, Inc. (NasdaqGS:CVLT) signed an agreement to acquire all of the shares of Appranix, Inc. on April 15, 2024. Hogan Lovells US LLP acted as a legal advisor to Commvault Systems, Inc.
Commvault Systems, Inc. (NasdaqGS:CVLT) completed the acquisition of Appranix, Inc. for approximately $26 million subsequent to year-ended March 31, 2024. Recent Insider Transactions • May 06
Independent Director recently sold €580k worth of stock On the 1st of May, Martha Bejar sold around 6k shares on-market at roughly €96.65 per share. This transaction amounted to 84% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.9m. Insiders have been net sellers, collectively disposing of €9.9m more than they bought in the last 12 months. Announcement • May 03
Commvault Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year Fiscal 2025 Commvault Systems, Inc. provided earnings guidance for the First Quarter and Full Year Fiscal 2025. For the quarter, the company expects total revenues are expected to be between $213 million and $216 million and Subscription revenue is expected to be between $116 million and $119 million.For the full year, the company expects total revenues are expected to be between $904 million and $914 million. Total ARR is expected to grow 14% year over year. Subscription revenue is expected to be between $514 million and $518 million. Reported Earnings • May 01
Full year 2024 earnings released: EPS: US$3.85 (vs US$0.80 loss in FY 2023) Full year 2024 results: EPS: US$3.85 (up from US$0.80 loss in FY 2023). Revenue: US$839.2m (up 7.0% from FY 2023). Net income: US$168.9m (up US$204.7m from FY 2023). Profit margin: 20% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Commvault Announces New Era in Cleanroom Technology Commvault is announcing a new era in cleanroom technology. Via its Commvault Cloud Cleanroom™ Recovery offering, the company is transforming - from every vantage point - what recovery looks like in the modern world: how companies can safely and securely recover a clean copy of their data after a cyberattack; where they can recover to – ushering in on-demand cleanroom recovery to the cloud; which companies can access cleanroom technology – not just the Fortune 50, but organizations of all sizes; and when recovery testing can be done – monthly if desired – so CISOs can say with confidence to their board. A cleanroom is an isolated recovery environment that is frequently used for secure cyber recovery scenarios. However, traditional cleanrooms are often resource-intensive, requiring organizations to maintain duplicative environments for every critical application across every server and every location. Many organizations simply can't afford to do this. Additionally, many companies don't have the time, money, or staff required to test all the interdependencies across these types of hybrid environments to know they can recover when attacked. If they can test, and it fails, they often don't have the resources to test again. This leaves organizations unpracticed, vulnerable, and at the mercy of bad actors. Commvault is solving these problems. The Cleanroom Concept Reimagined: Commvault has reimagined the cleanroom from the ground up. First, Cleanroom Recovery is being extended to support Commvault's SaaS customers. This deployment option democratizes the technology so that companies of all sizes can benefit from the offering. Second, the cleanroom is being hosted in the cloud. When bad actors strike, Cleanroom Recovery is designed to orchestrate recovery into a clean, isolated location in Microsoft Azure. Customers can do this on-demand and only pay for it when they use it. Third, Cleanroom Recovery uniquely gives organizations the ability to rapidly and regularly test and, if necessary, retest their cyber recovery plans with ease across their IT infrastructure. Cleanroom Recovery provides numerous benefits. Simple: Customers can quickly set up a cleanroom-on-demand in Microsoft Azure; Cleanroom Recovery also simplifies the recovery of applications and the data those applications rely on. For example, Cleanroom Recovery will be designed to restore Microsoft Active Directory. This is the service that controls human access to all applications and other critical enterprise assets. Being able to easily restore Active Directory and validate its consistency and operational health can help ensure proper authorizations to data remain in place. Secure: With Commvault, because the cleanroom is generated on-demand in the cloud, it is designed to be untainted since it doesn't exist until the organization needs to use it; Commvault cleanrooms are in an isolated environment, so application testing and production system backup can be conducted in a safe space; Cleanroom Recovery includes an integration with Microsoft Defender that automates threat scanning to help ensure data is clean; In addition, Cleanroom Recovery will include capabilities that enable companies to rebuild applications and services from a known clean state, as needed. This can help customers maintain server operations while enhancing security and efficiency. Intelligent: AI-enabled Cleanpoint™ Validation automatically empowers customers to rapidly identify the last clean recovery point. Users can customize recovery sequences, so data is recovered in a logical order. Users can also easily convert VMs from any hypervisor to Azure VMs; A forthcoming integration with Palo Alto Networks Cortex XSOAR extends the power of Commvault Cloud Cleanroom Recovery. It enables customers to investigate security incidents by utilizing XSOAR to enrich incidents with the latest threat intelligence data – streamlining the recovery of compromised assets into a cleanroom for forensic analysis and rapid, secure cyber recovery. Announcement • Apr 17
Commvault Systems, Inc. (NasdaqGS:CVLT) completed the acquisition of Appranix, Inc. Commvault Systems, Inc. (NasdaqGS:CVLT) acquired Appranix, Inc. on April 16, 2024. Hogan Lovells US LLP acted as a legal advisor to Commvault Systems, Inc.Commvault Systems, Inc. (NasdaqGS:CVLT) completed the acquisition of Appranix, Inc. on April 16, 2024 Announcement • Apr 10
Commvault Appoints Ashley Baird as Managing Director of Market Expansion Commvault announced Ashley Baird as Managing Director of Market Expansion. With extensive cloud and go-to-market experience, Baird will extend Commvault's leadership and accelerate its growth further into new markets with leading cloud providers. Baird will also serve as Chief of Staff to Commvault's President and CEO, Sanjay Mirchandani. Baird spent 16 years at SoftwareOne, most recently serving as President of its North America business. An award-winning executive and advocate for women in technology, Baird's unparalleled leadership and innovation will further Commvault's dominance in the cyber resilience industry. Announcement • Apr 03
Commvault Systems, Inc. to Report Q4, 2024 Results on Apr 30, 2024 Commvault Systems, Inc. announced that they will report Q4, 2024 results on Apr 30, 2024 Recent Insider Transactions • Mar 08
President recently sold €1.9m worth of stock On the 4th of March, Sanjay Mirchandani sold around 21k shares on-market at roughly €90.06 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjay has been a net seller over the last 12 months, reducing personal holdings by €5.9m. Recent Insider Transactions • Feb 25
President recently sold €548k worth of stock On the 21st of February, Sanjay Mirchandani sold around 6k shares on-market at roughly €84.66 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjay has been a net seller over the last 12 months, reducing personal holdings by €3.9m. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.007 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.39 (up from US$0.007 loss in 3Q 2023). Revenue: US$216.8m (up 11% from 3Q 2023). Net income: US$17.1m (up US$17.5m from 3Q 2023). Profit margin: 7.9% (up from net loss in 3Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jan 30
Commvault Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Fiscal 2024 Commvault Systems, Inc. provided earnings guidance for the fourth quarter and full year fiscal 2024. For the quarter, the company expects total revenues to be between $210 million and $214 million and subscription revenue is expected to be between $111 million and $115 million. For the full year, the company expects total revenues to be between $826 million and $830 million; total ARR is expected to grow 15% year over year and subscription revenue to be between $420 million and $424 million. Announcement • Jan 05
Commvault Systems, Inc. to Report Q3, 2024 Results on Jan 30, 2024 Commvault Systems, Inc. announced that they will report Q3, 2024 results on Jan 30, 2024 Announcement • Dec 08
Commvault Systems, Inc. Appoints Anthony Anzevino as Senior Vice President for Americas Field Organization Commvault announced Anthony Anzevino as the new Senior Vice President for its Americas Field Organization. Anzevino brings decades of highly relevant experience to the role and has a proven track record of leading global sales and operations teams with a customer-first approach. During his four-year tenure at Commvault, he has built and led the customer success and renewals teams for the company's high-growth SaaS business. In this role, customer retention rates scored well above the industry average, a testament to Anzevino's focus on relationships, innovation, understanding customers' business objectives and working together to deliver strong business outcomes. Prior to joining Commvault, Anzevino held key sales and leadership positions with a host of cloud, data security and protection, and storage companies including Amazon Web Services (AWS), EMC, First Data Merchant Services, Veeam, and VMware. In his new role at Commvault, he aims to leverage his years of experience and insights to help customers and partners advance cyber resilience – essential in an era of non-stop and escalating cyberattacks. Recent Insider Transactions • Nov 23
President recently sold €1.6m worth of stock On the 21st of November, Sanjay Mirchandani sold around 25k shares on-market at roughly €64.19 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sanjay has been a net seller over the last 12 months, reducing personal holdings by €3.4m. Announcement • Nov 09
Commvault Systems, Inc. Introduces the First True Cloud Platform for Cyber Resilience in the Hybrid Enterprise: The Commvault Cloud, Powered by Metallic AI Commvault Systems, Inc. announced Commvault Cloud, powered by Metallic AI – a new, unique platform that is changing the game in how IT and security teams can radically improve cyber resilience in an era of non-stop ransomware and malicious cyberattacks. Commvault Cloud unifies all of the company's SaaS and software offerings on one platform, where visibility and control can be managed holistically via a single pane of glass. But Commvault Cloud goes much further. This new platform is purpose-built for cyber resilience, designed to enable users to predict threats faster, make clean recoveries, and accelerate threat response times – all at the lowest possible TCO. And, with Commvault Cloud's unique architecture, customers can secure and recover their data, across any workload, any infrastructure, and from any location to any location. Advancing Cyber Resilience and Data Intelligence with AI and Commvault Cloud: Commvault is introducing innovations that can help customers realize the full benefits of AI and improve cyber resilience. And, unlike others that use AI to simply generate content, Commvault is using AI in a way that can help customers take action. Here is how it works. With Commvault Cloud users will have access to Arlie – short for "Autonomous Resilience" – a new AI co-pilot that is at their beck and call 24/7 and can respond to inquiries in plain, simple language. But behind the scenes, a lot more is taking place. Arlie will interface with generative AI models that not only consolidate information and reports, but provide users with personalized actionable responses. For example, users may be able to use Arlie to verify or validate a clean point of recovery for critical systems, or generate requested code in seconds. Arlie will integrate on the backend with Azure OpenAI Service. New AI-enabled capabilities that support this type of personal/human interaction within Commvault Cloud will include: Active insights: Gives users real-time threat analysis and report summaries showing the latest information about their cyber resiliency health, removing the need to sift through filters and reports to prioritize the most pressing information; Code assistance: Offers a "no-code" way to build an integration or code an action: users simply type a description of what they want to do, and the code assistant will generate the code on the spot; Custom walk-throughs: Provides context-sensitive, guided product walk-throughs that make it easy for users to set-up, customize, and tune Commvault Cloud to their specifications. They simply ask "how to" questions and receive step-by-step documentation with annotated screenshots; Root cause remediation: Constantly monitors the performance of Commvault Cloud using generative AI to find issues and offer real-time recommendations on how to optimize cyber resilience. Commvault is also announcing AI and security advancements that are coded directly into Commvault Cloud and "show up" as intelligent insights baked into daily workflows. Capabilities that match this description include: Advanced threat prediction: Utilizes real-time predictive threat analysis to find AI-driven ransomware, including detection of shape-shifting AI malware, before they impact customers' backups and ability to recover cleanly; and Cloudburst Recovery: Improves business continuity by utilizing infrastructure-as-code and cloud-scaling to automate rapid and frictionless recovery of data to any location. Users benefit from exceptional portability, as well as a low TCO as a result of the accelerated process. Announcement • Nov 01
Commvault Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year Fiscal 2024 Commvault Systems, Inc. provided earnings guidance for the third quarter and full year fiscal 2024. For the quarter, the company expects total revenues to be between $206 million and $210 million and subscription revenue is expected to be between $106 million and $110 million. For the full year, the company expects total revenues to be between $812 million and $822 million; total ARR1 is expected to grow 14% year over year and subscription revenue to be between $408 million and $418 million. Reported Earnings • Oct 31
Second quarter 2024 earnings released: EPS: US$0.30 (vs US$0.10 in 2Q 2023) Second quarter 2024 results: EPS: US$0.30 (up from US$0.10 in 2Q 2023). Revenue: US$201.0m (up 6.9% from 2Q 2023). Net income: US$13.0m (up 188% from 2Q 2023). Profit margin: 6.5% (up from 2.4% in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Commvault Appoints Melissa Hathaway as Strategic Advisor and Serve as the Chairperson Commvault announced that Melissa Hathaway will join Commvault as a strategic advisor and serve as the chairperson for Commvault's newly formed Cyber Resilience Council. Under Hathaway's leadership, the council will advise on emerging security trends and cyber threats as well as highlight best-practices in cyber resilience, all of which can play a key role in shaping product development, defining partnership opportunities, and guiding business strategies. Hathaway brings a unique combination of policy, technical expertise, and boardroom experience to Commvault. As President of Hathaway Global Strategies, she consults Fortune 500 companies on cybersecurity, enterprise risk management, and technology assessment. She advises clients regarding emerging cyber threats, policy initiatives, regulation, and other industry matters that may affect their current and future business. Hathaway has worked with the highest levels of governments. She served in two presidential administrations, leading the Cyberspace Policy Review for President President President President of Hathaway and the Comprehensive National Cybersecurity Initiative for President George W. Bush. She received the National Intelligence Reform Medal and the National Intelligence Meritorious Unit Citation for her leadership. She has also worked extensively with international institutions like NATO, the International Telecommunications Union, the Organization of American States, and the World Bank, and is affiliated with distinguished institutions, including Harvard Kennedy School'sBelfer Center for Science and International Affairs, Canada's School of Public Service, and Toronto Metropolitan University. At Commvault, she is poised to steer the Cyber Resilience Council towards making meaningful and lasting impacts. Announcement • Oct 27
Commvault Earns IRAP Certification, Meeting the Highest Security and Integrity Protocols Set by the Australian Government Required Commvault announced that its portfolio of SaaS-delivered data protection solutions has achieved Australia's Infosec Registered Assessor Program (IRAP) certification at PROTECTED level. Administration by the Australian Cyber Security Centre (ACSC), the IRAP framework ensures that technology providers meet the highest security and integrity protocols in line with the Australian government's information security standards. IRAP provides a common framework to certify a solution's security posture and resiliency from advanced threats. By conducting an in-depth examination of software architecture, design, and security protocols, IRAP certification ensures Commvault's SaaS data protection solutions meet stringent ISM (Information Security Manual) security requirements, and that government agencies and contractors can confidently adopt Commvault solutions. It also further exemplifies Commvault's commitment to global data security, adding to its current position as the only SaaS data protection portfolio to meet FedRAMP High (In Process) status, with the approved ATO signed by the Department of Treasury on July 12, 2023. With cyber threats continuing to escalate, private and public sector entities are under increased pressure to bolster their data security and cyber recovery measures. In fact, according to a new Commvault report commissioned in partnership with IDC, both IT and business leaders understand the constant risk and dire consequences of a cyber attack, with 61% of respondents believe that data loss within the next 12 months is " likely" to " highly likely" to occur due to increasingly sophisticated access. Combatting these concerns, Australia's IRAP assessment falls under the Security legislation Amendment (Critical Infrastructure) Bill, introduced to Parliament in 2020. The amendment has a National Security focus and was put in place to manage risks posed in particular by foreign involvement in Australia's critical infrastructure, considering that a significant amount of the country's infrastructure is privately owned. Commvault's entire portfolio of SaaS- Delivered data protection solutions are IRAP-certified and are built into its commercial offering. Commvault's enhanced security capabilities and solutions for cyber resilience are not only designed to offer exceptional compliance capabilities, but also offer peace of mind in terms of rapid recovery - critical in an age of escalating and non-stop cyber threats. Announcement • Oct 17
Commvault Systems, Inc. Appoints Alex Janas as Field Chief Technology Officer, Security Commvault Systems, Inc. announced that Alex Janas has joined the company as its new Field Chief Technology Officer overseeing security. With Janas' appointment, Commvault is doubling down on its commitment to redefine data protection and deliver cyber resilience with industry-leading threat detection and rapid recovery capabilities. Janas comes to Commvault with nearly 20 years of private sector cybersecurity experience, as well as offensive security skills he developed as an Analyst, Operator, and Technical Director while working at the National Security Agency. He is a proud recipient of the Master Operator designation, a prestigious honor bestowed upon a select cadre of Computer Network Operations (CNO) personnel. His career stands as a testament to his deep expertise, unwavering commitment to national security, and protection of the private sector while leading and mentoring other experts in the continually evolving field of cybersecurity. Announcement • Oct 12
Commvault and Lenovo Simplify Enterprise Data Protection and Speed Recovery in the Hybrid Cloud Commvault announced new highly reliable backup and recovery solutions for enterprise organizations, powered by Lenovo technology. Paired with Lenovo's award-winning hardware systems, Commvault is delivering simplicity to IT teams with data protection and management from a single view, while giving CIOs flexibility, reliability, and blazing performance at immense scale with better TCO and faster time to value. Commvault software is recognized for its unmatched depth in cloud-native integrations, supporting an array of applications, databases, and infrastructures. Announcement • Oct 06
Commvault Appoints Richard Gadd as Senior Vice President of EMEA and India Commvault has 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 organizations with industry-leading cyber resilience offerings that protect and recover data from today's biggest cyber threats. Gadd brings 25 years of sales experience in the technology industry to Commvault. He most recently held the role of VP and General Manager, EMEA at Cohesity, building his experience in the storage and data management industry. Prior to this, he also held senior roles at Hitachi Vantara, EMC, and Computacenter. In these previous roles, he was successful in growing Hitachi Vantara's EMEA business to become the company's largest region worldwide, as well as leading on Cohesity's EMEA portfolio to make it the organization's fastest-growing region. Gadd plans to bring this experience into Commvault and achieve similar go-to-market successes within the EMEAI region. Announcement • Oct 05
Commvault Systems, Inc. to Report Q2, 2024 Results on Oct 31, 2023 Commvault Systems, Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 Announcement • Sep 20
Commvault Welcomes Sarv Saravanan as Chief Customer Officer Commvault welcomed industry veteran Sarv Saravanan as its first Chief Customer Officer. Saravanan has extensive experience building and driving global customer-centric development and delivery organizations. Most recently, he led Microsoft’s Global Delivery Center, which engages with the company’s biggest customers and their strategic partners to accelerate cloud transformations. Saravanan, who has a master’s in computer science from Bharathidasan University, was recognized by Zinnov for creating and mentoring industry leaders. Recent Insider Transactions • Aug 23
President recently sold €509k worth of stock On the 18th of August, Sanjay Mirchandani sold around 8k shares on-market at roughly €63.88 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Sanjay has been a net seller over the last 12 months, reducing personal holdings by €1.8m. 
