Commvault Systems saw its stock price fall 31% in one day after reporting net new Annual Recurring Revenue (ARR) of $39 million, below management's expectations. The company has been successfully transitioning to cloud-based SaaS subscriptions, with recurring revenue up 21% year-over-year and SaaS revenue exceeding $400 million, which has improved margins. Accounting changes will increase subscription revenue visibility to 82% of total revenue, potentially supporting a higher valuation. However, risks include convertible bond dilution, rising competition, and a decline in SaaS Net Revenue Retention (NRR) to 122%.
Commvault has been recognized as a Leader in the 2026 Gartner Magic Quadrant for Backup and Data Protection Platforms, highlighting its strong vision and execution in cyber resilience and data recovery. The company expanded its AI-enabled Commvault C...
Law Offices of Howard G. Smith reminds investors of upcoming deadlines to file lead plaintiff motions in class action lawsuits against Phreesia Inc., Sportradar Group AG, Commvault Systems Inc., and Veritone, Inc. These lawsuits allege securities fra...
