Stock Data
$0.00 (0.00%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - APPLICATION
Commvault Systems Inc specializes in data protection, offering a suite of solutions to help businesses and government agencies secure, manage, and recover their data. Its products include backup and recovery, disaster recovery, and cloud-based data protection services. With a focus on advanced security, Commvault also provides consulting and managed services for ransomware recovery and data management. Founded in 1988 and based in New Jersey, the company serves a diverse range of industries worldwide, emphasizing ease of use and scalability in its solutions.
Commvault's SaaS pivot hit escape velocity with a 22% EPS beat and quarterly SaaS revenue surging 39% to cross $100 million, while subscription ARR climbed to $1.05 billion on pace to hit full-year guidance of $1.20 billion to $1.21 billion.
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