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Commault Systems, Inc. - CVLT STOCK NEWS

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Commvault Systems, Inc. (NASDAQ: CVLT) is a leading provider of data protection and information management solutions, serving over 100,000 organizations worldwide. The company offers a comprehensive suite of software applications and services designed to help businesses protect, access, and use their data as a strategic asset. Commvault's software solutions include Commvault Complete Backup and Recovery, HyperScale, Hedvig, and Metallic, catering to large enterprises, small- and midsize businesses, as well as government agencies.

Headquartered in Tinton Falls, New Jersey, Commvault operates globally, with a significant presence in the United States and extensive export operations. The company's core products and services enable organizations to achieve cyber resilience by securing, protecting, and rapidly recovering data across various workloads and infrastructures.

Recent key developments include the expansion of Commvault's leadership team in the Asia Pacific (APAC) region with the appointments of Michel Borst and Joanne Dean as Area Vice Presidents. This strategic move aims to enhance the company's cyber resilience capabilities and strengthen its partner ecosystem in the region.

Additionally, Commvault's newly formed Cyber Resilience Council, chaired by cybersecurity expert Melissa Hathaway, focuses on addressing emerging security trends and threats. The council's insights play a crucial role in shaping product development and guiding business strategies, further solidifying Commvault's position as a leader in cyber resilience.

Financially, Commvault has demonstrated robust performance, with significant revenue and annualized recurring revenue (ARR) growth in recent quarters. The company's latest financial results highlight its strong market position and ongoing commitment to innovation and customer success.

Commvault's flagship product, the Commvault Cloud platform powered by Metallic AI, offers advanced data security and rapid recovery capabilities, ensuring businesses can maintain operations and recover swiftly from cyber-attacks. The platform's AI-driven automation and low total cost of ownership (TCO) provide a competitive edge in today's digital landscape.

For more information and the latest updates on Commvault's performance, events, and developments, visit their investor relations page at http://ir.commvault.com.

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Commvault (CVLT) Announces Key Integrations with Security and AI Partners to Enhance Data Insights and Threat Detection
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Commvault announced its financial results for the fiscal second quarter ended September 30, 2023. Total revenues were $201.0 million, up 7% YoY. Subscription revenue was $97.8 million, up 25% YoY. Income from operations was $17.6 million, with an operating margin of 8.8%. The company provided guidance for the third quarter, expecting total revenues between $206 million and $210 million.
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Melissa Hathaway, a renowned cybersecurity expert, will join Commvault as a strategic advisor and chairperson for the newly formed Cyber Resilience Council. The council will provide guidance on security trends and cyber threats, shaping product development and business strategies. Hathaway brings three decades of experience in cybersecurity and has worked with governments and Fortune 500 companies. She has received recognition for her leadership in cyberspace policy and has affiliations with prestigious institutions. Her appointment is expected to have a positive impact on Commvault's cyber resilience efforts.
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Commvault's SaaS-delivered data protection solutions have achieved Australia's Infosec Registered Assessor Program (IRAP) certification at PROTECTED level. This certification ensures that Commvault's solutions meet stringent security requirements and can be confidently adopted by government agencies and contractors. It also highlights Commvault's commitment to global data security.
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Commvault announces SHIFT, a series of worldwide events focused on cyber resilience
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Commvault hires veteran security leader Alex Janas as its new Field Chief Technology Officer to enhance data protection and deliver cyber resilience.
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Commvault releases IDC report on cyber resilience and data protection
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Commvault and Lenovo announce new backup and recovery solutions for enterprise organizations.
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Commvault named 'Threat Detection Solution Provider of the Year' in the CyberSecurity Breakthrough Awards
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Commvault appoints Richard Gadd as Senior Vice President of EMEA and India region
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FAQ

What is the current stock price of Commault Systems (CVLT)?

The current stock price of Commault Systems (CVLT) is $168.27 as of November 15, 2024.

What is the market cap of Commault Systems (CVLT)?

The market cap of Commault Systems (CVLT) is approximately 7.3B.

What does Commvault Systems, Inc. do?

Commvault Systems provides data protection and information management solutions, helping organizations secure, protect, and recover data across various workloads and infrastructures.

What are some of Commvault's key products?

Commvault's key products include Commvault Complete Backup and Recovery, HyperScale, Hedvig, and Metallic, which offer comprehensive data protection and management capabilities.

Where is Commvault headquartered?

Commvault is headquartered in Tinton Falls, New Jersey, USA.

Who are the new leaders in Commvault's APAC region?

Michel Borst and Joanne Dean have been appointed as Area Vice Presidents in the APAC region to enhance Commvault's cyber resilience capabilities and strengthen its partner ecosystem.

What is the Commvault Cyber Resilience Council?

The Commvault Cyber Resilience Council, chaired by Melissa Hathaway, focuses on addressing emerging security trends and threats, shaping product development, and guiding business strategies.

How has Commvault performed financially recently?

Commvault has demonstrated strong financial performance with significant revenue and annualized recurring revenue (ARR) growth in recent quarters.

What is the Commvault Cloud platform?

The Commvault Cloud platform, powered by Metallic AI, offers advanced data security and rapid recovery capabilities, ensuring businesses can maintain operations and recover swiftly from cyber-attacks.

How can I access Commvault's latest updates and financial results?

For the latest updates and financial results, visit Commvault's investor relations page at http://ir.commvault.com.

What is Commvault's approach to cyber resilience?

Commvault focuses on providing comprehensive data protection, security, and rapid recovery solutions to help organizations achieve and maintain cyber resilience.

How does Commvault support different types of organizations?

Commvault serves large enterprises, small- and midsize businesses, and government agencies with tailored data protection and information management solutions through its salesforce and reseller partners.

Commault Systems, Inc.

Nasdaq:CVLT

CVLT Rankings

CVLT Stock Data

7.34B
43.77M
0.75%
98.23%
1.85%
Software - Application
Services-prepackaged Software
Link
United States of America
TINTON FALLS