Commvault Systems
Market Cap
US$1.8b
Last Updated
2020/03/28 01:54 UTC
Data Sources
Company Financials +
Executive Summary
Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Commvault Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CVLT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
24.8%
CVLT
9.6%
US Software
10.5%
US Market
1 Year Return
-40.8%
CVLT
8.0%
US Software
-11.5%
US Market
Return vs Industry: CVLT underperformed the US Software industry which returned 8% over the past year.
Return vs Market: CVLT underperformed the US Market which returned -11.5% over the past year.
Shareholder returns
| CVLT | Industry | Market | |
|---|---|---|---|
| 7 Day | 24.8% | 9.6% | 10.5% |
| 30 Day | -8.1% | -7.8% | -15.4% |
| 90 Day | -14.6% | -7.1% | -21.4% |
| 1 Year | -40.8%-40.8% | 9.2%8.0% | -9.6%-11.5% |
| 3 Year | -24.6%-24.6% | 100.6%92.0% | 12.6%5.4% |
| 5 Year | -12.4%-12.4% | 170.4%151.5% | 32.8%18.1% |
Price Volatility Vs. Market
How volatile is Commvault Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Have Insiders Been Selling Commvault Systems, Inc. (NASDAQ:CVLT) Shares?1 month ago | Simply Wall St
At US$51.48, Is It Time To Put Commvault Systems, Inc. (NASDAQ:CVLT) On Your Watch List?2 months ago | Simply Wall St
What You Must Know About Commvault Systems, Inc.'s (NASDAQ:CVLT) Beta ValueValuation
Is Commvault Systems undervalued compared to its fair value and its price relative to the market?
31.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVLT ($38.31) is trading below our estimate of fair value ($55.48)
Significantly Below Fair Value: CVLT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVLT is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: CVLT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CVLT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CVLT is good value based on its PB Ratio (4.3x) compared to the US Software industry average (4.3x).
Next Steps
Future Growth
How is Commvault Systems forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
106.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVLT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CVLT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CVLT's is expected to become profitable in the next 3 years.
Revenue vs Market: CVLT's revenue (3.6% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: CVLT's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CVLT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Commvault Systems performed over the past 5 years?
-47.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVLT is currently unprofitable.
Growing Profit Margin: CVLT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CVLT is unprofitable, and losses have increased over the past 5 years at a rate of -47.8% per year.
Accelerating Growth: Unable to compare CVLT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CVLT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.7%).
Return on Equity
High ROE: CVLT has a negative Return on Equity (-4.01%), as it is currently unprofitable.
Next Steps
Financial Health
How is Commvault Systems's financial position?
Financial Position Analysis
Short Term Liabilities: CVLT's short term assets ($525.4M) exceed its short term liabilities ($333.8M).
Long Term Liabilities: CVLT's short term assets ($525.4M) exceed its long term liabilities ($111.1M).
Debt to Equity History and Analysis
Debt Level: CVLT is debt free.
Reducing Debt: CVLT has not had any debt for past 5 years.
Balance Sheet
Inventory Level: CVLT has a low level of unsold assets or inventory.
Debt Coverage by Assets: CVLT's debt is not covered by short term assets (assets are -1.4789061193848E+17x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CVLT has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: CVLT has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Commvault Systems's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CVLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CVLT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CVLT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVLT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CVLT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Sanjay Mirchandani (55yo)
1.08s
Tenure
US$12,338,170
Compensation
Mr. Sanjay Mirchandani serves as President and Chief Executive Officer and member of the Board at Commvault Systems, Inc. since February 5, 2019. He served as the Chief Executive Officer of Puppet Labs, In ...
CEO Compensation Analysis
Compensation vs Market: Sanjay's total compensation ($USD12.34M) is above average for companies of similar size in the US market ($USD4.54M).
Compensation vs Earnings: Insufficient data to compare Sanjay's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$12.34m | 0.36% $6.5m | |
| VP & CFO | 7.42yrs | US$2.53m | 0.16% $2.9m | |
| VP of Finance & Chief Accounting Officer | 0.92yr | no data | 0.039% $695.2k | |
| CTO & VP | 5yrs | no data | no data | |
| Director of Investor Relations | 0.67yr | no data | no data | |
| Chief Compliance Officer | 9.67yrs | no data | no data | |
| Chief Marketing Officer & VP | 5yrs | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Chief of Staff - Office of the COO | no data | no data | no data | |
| Vice President of Business Operations | 7.42yrs | no data | 0.028% $498.8k |
5.0yrs
Average Tenure
48yo
Average Age
Experienced Management: CVLT's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.08yrs | US$12.34m | 0.36% $6.5m | |
| Independent Director | 23.83yrs | US$290.91k | 0.074% $1.3m | |
| Independent Director | 15.83yrs | US$266.29k | 0.085% $1.5m | |
| Lead Independent Director | 6.67yrs | US$301.67k | 0.24% $4.2m | |
| Independent Director | 1.67yrs | US$232.88k | 0.0066% $117.8k | |
| Independent Director | 17.67yrs | US$266.00k | 0.23% $4.2m | |
| Independent Director | 14.08yrs | US$292.15k | 0.095% $1.7m | |
| Director | 12.17yrs | US$4.87m | 1.06% $18.9m | |
| Independent Director | 2.08yrs | US$262.60k | 0.0094% $167.1k | |
| Independent Chairman of the Board | 0.92yr | US$236.29k | 0.0066% $117.8k |
9.4yrs
Average Tenure
59yo
Average Age
Experienced Board: CVLT's board of directors are considered experienced (9.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CVLT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Commvault Systems, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Commvault Systems, Inc.
- Ticker: CVLT
- Exchange: NasdaqGS
- Founded: 1988
- Industry: Systems Software
- Sector: Software
- Market Cap: US$1.785b
- Shares outstanding: 46.60m
- Website: https://www.commvault.com
Number of Employees
Location
- Commvault Systems, Inc.
- 1 Commvault Way
- Tinton Falls
- New Jersey
- 7724
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CVLT | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Sep 2006 |
| D6I | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 2006 |
| D6I | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | Sep 2006 |
Biography
Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. It offers Commvault Complete Backup & Recovery, a backup and recovery solution for enterprises; and Commvault HyperScale Technology, an add-on for Commvault Complete that delivers an on-premises, cloud-like infrastructure to support scale-out secondary storage. The company also provides Commvault Orchestrate, an automated service delivery technology that enables users to provision, sync, and validate data in various environments for IT needs, such as disaster recovery testing, Dev/Test operations, and workload migrations; and Commvault Activate, a solution, which allow customers to comply with privacy regulations. In addition, 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 software and related 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 value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers. It licenses its software applications to customers in the banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utility, and energy industries. The company has strategic relationships with Atos, Cisco, Citrix, Fujitsu, Hewlett Packard Enterprise, Microsoft, Oracle, SAP, and VMware. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/28 01:54 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.