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Seasoned public affairs executive joins Commvault to drive trust, resilience, and policy engagement in an increasingly AI-driven world

, /PRNewswire/ -- Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announced the appointment of James Hayes as its first Chief Public Affairs Officer. Hayes will lead Commvault's government and public affairs strategy across federal, state, and international governments and regulatory bodies. With an extensive background in the public and private sectors, Hayes will work to unite government and business leaders around shared priorities and address public sector challenges through emerging technologies.

James Hayes Hayes joins Commvault from IonQ and Tenable, where he led federal advocacy, cybersecurity policy, and engagement on emerging technology standards. He also led EMC's Government Affairs Office in Washington, D.C. prior to the Dell acquisition. In addition to his private-sector experience, Hayes served on the staff of the United States Senate Appropriations Committee, where he developed strong relationships across federal agencies and the broader policymaking community. Hayes has been recognized for his ability to navigate complex defense, civilian, and national security policy issues.

His appointment comes as AI, quantum computing, and evolving cyber threats are reshaping the technology and policy landscape and increasing the need for trusted resilience strategies across the public and private sectors.

"Cyber adversaries are moving at machine speed; governments cannot afford to regulate at an analog pace," said Danielle Sheer, Chief Trust Officer, Commvault. "Policymakers must be at the forefront, setting clear guardrails for emerging technologies while working closely with industry to anticipate threats, strengthen resilience, and ensure innovation advances security. James brings the experience and credibility to help bridge those worlds at precisely the right moment."

"The agentic era is transforming business at a rate that is unprecedented in our history. The need for the private and public sectors to usher in this new era responsibly and safely is paramount," said Hayes. "Commvault is pivotal to helping organizations embrace AI boldly and with confidence, and I am excited to further relationships that will be beneficial to policymakers, customers, and partners."

About Commvault

Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

SOURCE COMMVAULT

Commvault Systems (CVLT) concluded the recent trading session at $131.56, signifying a +1.82% move from its prior day's close.

On September 01, 2026, CommVault Systems Inc CVLT shares fell 6.0% to a current price of $128.98, currently trading between a 52-week high of $198.18 and a low of $71.75. This decline prompts a closer examination of the stock's valuation and performance metrics.

GF Value™ verdict: 22.0% undervalued with a GF Value of $165.34.GF Score™ of 82/100 indicates a strong overall position.Significant insider activity: Insiders sold $23.3M worth of shares in the past 12 months, with no buying reported.Is CVLT Overvalued or Undervalued?CommVault Systems Inc CVLT presents itself as an intriguing case for valuation assessment. Currently, with a market price of $128.98, the stock trades below its GF Value™ estimate of $165.34, representing a 22.0% margin of safety. GF Value™ is GuruFocus' proprietary intrinsic value estimate that combines historical trading multiples, past business growth, and future performance projections to determine a stock's fair value. Given that CVLT is labeled as "modestly undervalued," this presents a potential buying opportunity, although investors should exercise caution due to the recent decline in share price and the overall 30.8% drop over the past year.

The current valuation suggests that while there is an opportunity for upside, the recent performance trends and insider selling could be warning signs that merit further investigation. The stock's decline today and the broader market sentiment could be reflective of underlying issues that need to be addressed before jumping into a position.

How Does CVLT's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)82.3x89.0xForward P/E23.7xN/AComparing the current P/E ratio of 82.3x to its 5-year median P/E of 89.0x reveals that CVLT is trading below its historical valuation. This aligns with the GF Value™ perspective, indicating that the stock is undervalued relative to its past performance metrics. The forward P/E of 23.7x also suggests a more favorable outlook compared to its trailing P/E, emphasizing potential for growth in earnings.

What Does CVLT's GF Score™ Tell Us?The GF Score™ is a composite measure that evaluates a company's performance across various factors including financial strength, profitability, growth, valuation, and momentum. CVLT's score of 82/100 indicates a robust position overall, with particular strengths and weaknesses to note.

MetricRatingGF Score™82Financial Strength5/10Profitability7/10Growth7/10Valuation8/10Momentum7/10From the GF Score™ breakdown, CVLT shows strong profitability and growth ranks at 7/10, which suggests a healthy operational performance. However, the financial strength rank of 5/10 indicates some concerns regarding balance sheet stability or liquidity. The valuation rank of 8/10 highlights its relative undervaluation, while a momentum rank of 7/10 suggests positive price trends over time, albeit with recent volatility.

What Are Gurus and Insiders Doing with CVLT?Currently, 7 gurus hold shares of CVLT, with 5 of them increasing their positions, while 3 have trimmed their holdings in recent quarters. This indicates a generally positive sentiment among knowledgeable investors, which can be a good indicator of future performance. However, the insider activity presents a contrasting picture, as insiders have sold $23.3 million worth of shares over the last 12 months without any buying. This pattern suggests that while institutional interest remains, insiders may not share the same confidence in the stock's near-term prospects.

This duality in sentiment—positive guru activity but negative insider selling—highlights the importance of thorough analysis and caution for potential investors. Understanding the motivations behind these actions can provide deeper insights into the company's future performance and valuation.

What This Means for InvestorsIn conclusion, CommVault Systems Inc CVLT appears undervalued based on its GF Value™ assessment, suggesting a potential opportunity for investors. However, the recent insider selling and overall market trends should not be overlooked, as they may indicate underlying issues that could impact future performance. Investors are encouraged to conduct further research and consider these factors carefully. For more detailed insights, visit the CommVault Systems Inc (CVLT) stock page for comprehensive analysis.

Frequently Asked QuestionsWhat is CVLT's GF Score™?

CVLT's GF Score™ is 82/100, indicating a strong overall position with solid performance across multiple metrics.

Is CVLT overvalued or undervalued?

CVLT is currently undervalued, with a GF Value™ of $165.34 compared to its market price of $128.98, representing a 22.0% margin of safety.

What is CVLT's P/E ratio?

CVLT's P/E ratio is 82.3x, which is below its 5-year median P/E of 89.0x, indicating it is trading at a lower valuation compared to its historical standards.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

Gary Merrill, Chief Financial Officer of Commvault Systems, Inc. (CVLT -3.69%), sold 3,147 shares of common stock on Aug. 18, 2026, and Aug. 19, 2026. SEC Form 4 filing. The sale was non-discretionary, executed to cover tax obligations associated with the vesting of restricted and performance stock units, and does not reflect the insider's view on the stock.

Transaction summaryMetricValueTransaction value~$451,000Shares sold (directly held)3,147Post-transaction shares (directly held)69,628Post-transaction value$9.56 millionTransaction value based on SEC Form 4 weighted average sale price ($143.29); post-transaction value based on Aug. 19, 2026, market close ($137.32).

Key questionsWhat initiated this disposal of equity?
The transaction was an automated sell-to-cover event intended to satisfy mandatory tax withholding requirements arising from the vesting of restricted and performance stock awards.How does the Rule 10b5-1 plan govern the CFO's trading activity?
The sale was executed according to a pre-established Rule 10b5-1 plan adopted on Nov. 20, 2024, and later amended on June 13, 2025, which allows insiders to diversify their holdings at pre-determined intervals.What is the scale of the CFO's remaining equity position?
Following this transaction, Merrill continues to hold 69,628 shares of common stock directly, which represented a total market value of $9.56 million as of the Aug. 19, 2026, market close.What is the company's current financial profile and market standing?
Commvault Systems reported trailing twelve-month (TTM) revenue of $1.2 billion and net income of $68 million. At the same time, its common stock recorded a one-year return of -22% as of the transaction date of Aug. 19, 2026.Company OverviewMetricValueShare Price (as of market close 2026-08-18)$142.81Market Capitalization$5.9 billionRevenue (TTM)$1.2 billionNet Income (TTM)$68.3 millionCompany SnapshotCommvault Systems, Inc. provides a comprehensive cyber resilience platform that enables organizations to protect, back up, and recover data and cloud-native applications across on-premises and cloud environments worldwide.The company generates revenue through a software-as-a-service (SaaS) and subscription-based model, delivering operational recovery solutions, autonomous disaster recovery capabilities, and data mobility services that optimize infrastructure costs while ensuring business continuity.Commvault serves enterprise customers across multiple verticals, including financial services, healthcare, manufacturing, and government, targeting organizations with complex IT environments that require robust data protection and recovery capabilities.

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Commvault Systems is a leading provider of cyber resilience solutions with a market capitalization of $5.9 billion and TTM revenue of $1.2 billion, demonstrating significant scale in the enterprise software market.

The company's platform addresses critical business needs around data protection, disaster recovery, and cloud workload mobility, positioning it as a strategic solution for enterprises navigating digital transformation and cybersecurity challenges.

With 3,300 employees and a diversified customer base, Commvault maintains a competitive advantage through its integrated approach to backup, recovery, and autonomous disaster recovery capabilities across hybrid and multi-cloud environments.

What this transaction means for investorsThis sale shouldn't concern investors. It represented a small percentage of the insider's holdings in the company's stock. The insider also continues to hold the substantial majority of his stake worth about $9 million.

Importantly, CommVault's TTM revenue has continued to grow at a double-digit rate, and its operating margin remains stable at around 6%.

Analysts still expect the company's earnings to grow sharply over the next few years. However, some of this growth may already be reflected in the share price, which trades at a high price-to-earnings multiple.

New integration automates Commvault cyber recovery actions within Charlotte Agentic SOAR workflows, helping accelerate forensic investigations and incident response

, /PRNewswire/ -- Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announced a new integration with CrowdStrike that makes Commvault cyber recovery actions available as native steps within Charlotte Agentic SOAR workflows. The integration enables joint customers to automate Commvault recovery actions as part of security workflows, helping accelerate response and forensic investigations while reducing manual coordination between security and recovery teams.

AI-driven automation is helping organizations detect, investigate, and respond to threats at machine speed, yet fragmented tools and workflows can slow security teams at critical moments. The new purpose-built connector enables security teams to incorporate Commvault cyber recovery actions directly into workflows orchestrated by Charlotte Agentic SOAR and rapidly accelerate investigation, response, and recovery. Key capabilities include:

Restrict access in Commvault to help prevent unauthorized changes during an active incident. Preserve clean recovery options by automatically suspending Commvault backup data aging policies to retain viable recovery points during active incidents. Accelerate forensic investigations by restoring potentially compromised assets into Commvault Cleanroom, enabling investigators to begin analysis without disrupting production systems. "Security and recovery teams need to move quickly and in coordination during an incident," said Vidya Shankaran, Field CTO, Commvault. "Our integration with CrowdStrike Charlotte Agentic SOAR makes Commvault cyber recovery actions available directly within security workflows, helping joint customers reduce manual handoffs and accelerate investigation and response. This strengthens cyber resilience and simplifies how security and recovery teams work together seamlessly."

Today's news is the latest in a series of integrations with CrowdStrike: Falcon Insight XDR brought CrowdStrike threat intelligence into Commvault Cloud; Falcon Next-Gen SIEM extended visibility; and the new Charlotte Agentic SOAR integration enables Commvault cyber recovery actions to be incorporated directly into automated security workflows.

Availability
The integration between Commvault and Charlotte Agentic SOAR is generally available for joint Commvault and CrowdStrike customers. The integration is also available through the CrowdStrike Marketplace. For more information, visit the Commvault and CrowdStrike joint partner page.

About Commvault
Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

SOURCE COMMVAULT

New York, New York--(Newsfile Corp. - August 26, 2026) - Bernstein Liebhard LLP, a nationally recognized investor rights law firm, announces that it is investigating potential breaches of fiduciary duty by certain directors and officers of Commvault Systems, Inc. ("Commvault" or the "Company") (NASDAQ: CVLT). The investigation seeks to determine whether the Company's leadership fulfilled its obligations to shareholders and whether legal remedies may be available.

Current Commvault Shareholders Are Encouraged to Contact the Firm

Do you currently own shares of Commvault Systems, Inc. (NASDAQ: CVLT)?Did you purchase your shares before April 29, 2025?Would you like to learn more about your legal rights as a shareholder?Why Is Bernstein Liebhard Investigating?

Bernstein Liebhard is investigating whether certain directors and officers of Commvault breached the fiduciary duties they owed to the Company and its shareholders. The investigation is focused on determining whether Company leadership acted in the best interests of shareholders and whether additional legal action may be appropriate based on publicly available information.

What Shareholders Should Do

If you currently own Commvault stock and would like to discuss your legal rights or obtain additional information regarding the investigation, please visit the firm's Commvault Shareholder Investigation page or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected] for a confidential consultation.

About Bernstein Liebhard LLP

For more than three decades, Bernstein Liebhard LLP has represented investors in complex securities and shareholder litigation. Since 1993, the firm has recovered more than $3.5 billion for its clients and has been retained by many of the nation's largest public and private pension funds to monitor investments and pursue claims on behalf of investors.

The firm's accomplishments include recognition on The National Law Journal's "Plaintiffs' Hot List" thirteen times and inclusion in The Legal 500 for sixteen consecutive years, reflecting its longstanding commitment to protecting shareholder rights.

ATTORNEY ADVERTISING. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311507

Source: Bernstein Liebhard LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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It has been about a month since the last earnings report for Commvault Systems (CVLT - Free Report) . Shares have added about 11.6% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Commvault due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for CommVault Systems, Inc. before we dive into how investors and analysts have reacted as of late.

CVLT Q1 Earnings Beat Estimates, Revenues Rise Y/Y on SaaS GrowthCommvault reported first-quarter fiscal 2027 non-GAAP earnings of $1.42 per share, up 40.6% year over year. The figure beat the Zacks Consensus Estimate of $1.18 by 20.3%.

Revenues advanced 11.4% to $314.13 million and surpassed the consensus mark by 0.99%. Results benefited from strong SaaS demand, subscription growth and improving profitability. Subscription annual recurring revenues (ARR) increased 22% to $1.05 billion.

CVLT’s Subscription Revenues Maintain MomentumSubscription revenues increased 16% year over year to $267.03 million and accounted for 85% of total revenues, up from 81% in the prior-year quarter.

Term-based license revenues rose 1% to $110.42 million, while term-based support revenues climbed 18% to $56.06 million. SaaS revenues surged 39% to $100.55 million, crossing the $100 million quarterly threshold for the first time.

Perpetual license revenues increased 19% to $8.70 million. However, perpetual support revenues declined 19% to $25.48 million, while other services revenues fell 7% to $12.93 million.

Commvault’s ARR Growth Reflects SaaS StrengthSubscription ARR reached $1.05 billion, up from $867.31 million a year earlier. CVLT added $39 million in net new subscription ARR during the quarter, driven by continued strength in its SaaS offerings.

SaaS ARR grew 38% to $424.34 million from $306.87 million. The company surpassed 10,000 active SaaS customers, while subscription net dollar retention remained steady at 114%.

Identity resilience and data security offerings represented more than one-third of net new subscription ARR. Emerging SaaS offerings, including Clumio S3 Protection, Google Workspace and Azure DevOps, also recorded strong growth.

CVLT Benefits From Broader Platform AdoptionThe percentage of Commvault-managed SaaS customers using at least two products increased to 49% from 42% a year earlier. This reflected continued upselling and cross-selling across the Commvault Cloud Platform.

Management highlighted identity resilience as an important entry point for broader platform adoption. Demand was supported by customers seeking to protect identity systems, govern data access and recover operations following cyber incidents.

Commvault also expanded its relationship with Microsoft. Its cyber-resilience capabilities are expected to become available as a native independent software vendor service on Microsoft Azure, making the platform easier to integrate into Azure-based workflows.

Commvault’s Margins Expand on Operating LeverageGross margin reached 82.1% in the reported quarter. SaaS gross margin improved 635 basis points year over year to 70.6%, aided by product optimization, acquisition integration and strategic agreements with hyperscaler partners.

Operating expenses increased 7% to $185 million but declined as a percentage of revenues to 59% from 61% a year earlier. Headcount remained roughly flat year over year.

Non-GAAP EBIT increased to $71.47 million from $58.25 million. The corresponding margin expanded 210 basis points to 22.8%, marking the company’s strongest quarterly EBIT margin performance in more than a decade.

CVLT’s Cash Flow and Balance Sheet Remain SolidOperating cash flow increased to $51.67 million from $31.68 million in the year-ago quarter. Free cash flow rose 71% to $51.10 million, reflecting stronger collections and continued spending discipline.

Commvault ended the quarter with cash and cash equivalents of $929.84 million, up from $899.99 million at the end of fiscal 2026. During the quarter, the company repurchased roughly 98,000 shares for $10 million.

Management continues to target share repurchases equal to approximately 60% of annual free cash flow while retaining balance sheet flexibility.

Commvault Updates Fiscal 2027 Profit OutlookFor the second quarter of fiscal 2027, subscription revenues are projected between $264 million and $268 million. Total revenues are expected to be approximately $310 million, while the non-GAAP EBIT margin is forecast at about 20%.

For fiscal 2027, CVLT raised its subscription revenue outlook to $1.119-$1.129 billion from $1.115-$1.125 billion. Subscription ARR guidance was maintained at $1.20-$1.21 billion, with SaaS ARR expected to exceed $500 million.

The company continues to expect total revenues of $1.30-$1.31 billion and free cash flow of $250-$260 million. Non-GAAP EBIT margin guidance was increased by 50 basis points to approximately 21%.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.

VGM ScoresCurrently, Commvault has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock has a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Commvault has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerCommvault is part of the Zacks Computer - Software industry. Over the past month, SAP (SAP - Free Report) , a stock from the same industry, has gained 13.8%. The company reported its results for the quarter ended June 2026 more than a month ago.

SAP reported revenues of $11.48 billion in the last reported quarter, representing a year-over-year change of +12.1%. EPS of $1.85 for the same period compares with $1.70 a year ago.

For the current quarter, SAP is expected to post earnings of $2.04 per share, indicating a change of +9.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for SAP. Also, the stock has a VGM Score of D.

Is CommVault Systems Inc (CVLT) a Bargain After 4.1% Drop? GF Value Says Undervalued On August 20, 2026, CommVault Systems Inc CVLT shares fell 4.1% to a current price of $131.63, reflecting a broader trend where the stock has fluctuated between a 52-week high of $198.18 and a low of $71.75. This decline has raised questions about the company's valuation amidst its recent performance.

GF Value™ verdict: The current price is $131.63, which is 20.0% below the GF Value™ estimate of $164.50, suggesting the stock is undervalued.GF Score™: At 83/100, this score indicates a strong overall assessment of the company's financial health.Most notable signal: The momentum rank is 10/10, indicating strong positive price movements over recent periods.Is CVLT Overvalued or Undervalued?CommVault's current price of $131.63 is markedly below the GF Value™ estimate of $164.50, illustrating a 20.0% margin of safety for potential investors. This undervaluation suggests an opportunity for growth, particularly considering the company's promising GF Valuation label of "Modestly Undervalued." The GF Value™ is GuruFocus' proprietary estimate of intrinsic value, derived from historical trading multiples, past business growth, and future performance estimates, which collectively indicate that CVLT shares may be priced favorably at this time.

However, while the undervaluation presents an appealing prospect, it is essential to consider other factors such as market conditions and company performance trends. The stock has exhibited volatility over the past year, declining by 25.4%, which may raise some concerns about its future trajectory despite the favorable valuation metrics.

How Does CVLT's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)83.8x90.2xForward P/E24.2xN/AThe current P/E ratio of 83.8x is 7% below its 5-year median P/E of 90.2x, indicating that the stock is trading at a lower valuation compared to its historical averages. This analysis aligns with the GF Value™ verdict, suggesting that CVLT is positioned as undervalued relative to its historical performance metrics.

What Does CVLT's GF Score™ Tell Us?The GF Score™ measures a company's financial strength, profitability, growth prospects, valuation, and momentum, providing a comprehensive view of its performance and potential. CVLT's score of 83/100 highlights a robust financial profile, with notable strengths in momentum (10/10) and valuation (8/10), while the financial strength (5/10) represents a more cautious area.

MetricRatingGF Score™83/100Financial Strength5/10Profitability7/10Growth7/10Valuation8/10Momentum10/10The combination of a high momentum rank and solid valuation score suggests that CVLT is well-positioned for favorable performance in the near term. However, the average financial strength rating indicates that investors should remain vigilant regarding potential risks in the company's operational stability.

What Are Gurus and Insiders Doing with CVLT?Currently, 7 gurus hold shares of CVLT, with 5 increasing their positions while 3 have trimmed their holdings in recent quarters. This activity reflects a generally positive sentiment among institutional investors, supporting the notion of CVLT as a stock with potential. However, it is worth noting that insiders have sold $23.3 million worth of shares over the past year without any purchasing activity. This pattern may suggest a lack of confidence from insiders in the company's near-term outlook, which could be a red flag for some investors.

What This Means for InvestorsIn summary, based on the GF Value™ assessment, CommVault Systems Inc CVLT appears to be undervalued at the current price of $131.63 compared to the GF Value™ of $164.50. This situation presents a potential investment opportunity, yet caution is warranted due to recent volatility and insider selling activity. For a more detailed analysis, you can visit the CommVault Systems Inc (CVLT) stock page and explore the GF Value™ page for further insights.

Frequently Asked QuestionsWhat is CVLT's GF Score™?

CVLT has a GF Score™ of 83/100, indicating a strong overall assessment of its financial health and potential for growth.

Is CVLT overvalued or undervalued?

CVLT is currently undervalued, with a GF Value™ estimate of $164.50 compared to its current price of $131.63.

What is CVLT's P/E ratio?

CVLT's current P/E ratio is 83.8x, which is lower than its 5-year median P/E of 90.2x, suggesting that the stock is trading at a more favorable valuation compared to its historical averages.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

New York, New York--(Newsfile Corp. - August 18, 2026) - Bernstein Liebhard LLP, a nationally recognized investor rights law firm, announces that it is investigating potential breaches of fiduciary duty by certain directors and officers of Commvault Systems, Inc. ("Commvault" or the "Company") (NASDAQ: CVLT). The investigation seeks to determine whether the Company's leadership fulfilled its obligations to shareholders and whether legal remedies may be available.

Current Commvault Shareholders Are Encouraged to Contact the Firm

Do you currently own shares of Commvault Systems, Inc. (NASDAQ: CVLT)?Did you purchase your shares before April 29, 2025?Would you like to learn more about your legal rights as a shareholder?Why Is Bernstein Liebhard Investigating?

Bernstein Liebhard is investigating whether certain directors and officers of Commvault breached the fiduciary duties they owed to the Company and its shareholders. The investigation is focused on determining whether Company leadership acted in the best interests of shareholders and whether additional legal action may be appropriate based on publicly available information.

What Shareholders Should Do

If you currently own Commvault stock and would like to discuss your legal rights or obtain additional information regarding the investigation, please visit the firm's Commvault Shareholder Investigation page or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected] for a confidential consultation.

About Bernstein Liebhard LLP

For more than three decades, Bernstein Liebhard LLP has represented investors in complex securities and shareholder litigation. Since 1993, the firm has recovered more than $3.5 billion for its clients and has been retained by many of the nation's largest public and private pension funds to monitor investments and pursue claims on behalf of investors.

The firm's accomplishments include recognition on The National Law Journal's "Plaintiffs' Hot List" thirteen times and inclusion in The Legal 500 for sixteen consecutive years, reflecting its longstanding commitment to protecting shareholder rights.

ATTORNEY ADVERTISING. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310254

Source: Bernstein Liebhard LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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NEW YORK, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP , a nationally recognized investor rights law firm, announces that it is investigating potential breaches of fiduciary duty by certain directors and officers of Commvault Systems, Inc. (“Commvault” or the “Company”) (NASDAQ: CVLT). The investigation seeks to determine whether the Company's leadership fulfilled its obligations to shareholders and whether legal remedies may be available.

NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally recognized investor rights law firm, announces that it is investigating potential breaches of fiduciary duty by certain directors and officers of Commvault Systems, Inc. (“Commvault” or the “Company”) (NASDAQ: CVLT). The investigation seeks to determine whether the Company’s leadership fulfilled its obligations to shareholders and whether legal remedies may be available.

Current Commvault Shareholders Are Encouraged to Contact the Firm

Do you currently own shares of Commvault Systems, Inc. (NASDAQ: CVLT)?Did you purchase your shares before April 29, 2025?Would you like to learn more about your legal rights as a shareholder?
Why Is Bernstein Liebhard Investigating?

Bernstein Liebhard is investigating whether certain directors and officers of Commvault breached the fiduciary duties they owed to the Company and its shareholders. The investigation is focused on determining whether Company leadership acted in the best interests of shareholders and whether additional legal action may be appropriate based on publicly available information.

What Shareholders Should Do

If you currently own Commvault stock and would like to discuss your legal rights or obtain additional information regarding the investigation, please visit the firm’s Commvault Shareholder Investigation page or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected] for a confidential consultation.

About Bernstein Liebhard LLP

For more than three decades, Bernstein Liebhard LLP has represented investors in complex securities and shareholder litigation. Since 1993, the firm has recovered more than $3.5 billion for its clients and has been retained by many of the nation’s largest public and private pension funds to monitor investments and pursue claims on behalf of investors.

The firm’s accomplishments include recognition on The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and inclusion in The Legal 500 for sixteen consecutive years, reflecting its longstanding commitment to protecting shareholder rights.

ATTORNEY ADVERTISING. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
10 East 40th Street
New York, NY 10016
Phone: (212) 951-2030
Website: https://www.bernlieb.com
Email: [email protected]

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault is scheduled to present at the KeyBanc Technology Leadership Forum on Tuesday, August 11, 2026 at 9:00 a.m. Mountain Time (MT).

The presentation will be webcast live and archived under the Events section of the Company's Investor Relations website at http://ir.commvault.com.

About Commvault 
Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

SOURCE COMMVAULT

Also from this source

New threat-informed recovery capabilities help organizations identify clean recovery points quicker, reduce downtime after cyberattacks, and restore operations with confidence

, /PRNewswire/ -- Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announced a new integration with Google Threat Intelligence, Google's comprehensive threat intelligence platform, that incorporates Google Threat Intelligence data and scanning capabilities into Commvault Threat Scan workflows. Through this collaboration, Commvault can help customers transform global threat intelligence into actionable recovery insights, enabling organizations to identify clean recovery points faster and accelerate recovery following cyberattacks.

When cyberattacks occur, organizations often face a critical challenge: determining which recovery points are safe to restore. While security teams may quickly identify indicators of compromise (IOCs), recovery teams still need to validate backup data before recovery can begin, delaying recovery efforts when every minute of downtime matters.

Google Threat Intelligence combines Mandiant frontline intelligence, VirusTotal's crowdsourced intelligence, and Google threat insights gained from protecting billions of users. Integrating Commvault Threat Scan workstreams with Google Threat Intelligence helps customers analyze protected workloads for malware, while also helping organizations identify threats and pinpoint which recovery points are compromised. Commvault Threat Scan customers will also receive actionable threat context from Google Threat Intelligence for threats found in their environment to help with further research and remediation.

As part of this release, Commvault is also introducing new scanning capabilities that collect file hashes inline during backup operations. File hashes, like individual fingerprints, provide a fast and easy way to quickly check recovery points against threat intelligence indicators so teams can identify clean files to be used for recovery.

Commvault's inline inspection capability allows customers to start with rapid threat intelligence validation and selectively perform deeper malware, encryption, and forensic analysis when additional inspection is required. This layered approach helps organizations accelerate recovery decisions while maintaining confidence in the integrity of restored data.

These new threat insights and scanning capabilities strengthen Commvault's Synthetic Recovery capability, which uses an AI-enabled process to automatically detect threats and surgically remove them during recovery while keeping the "good" data intact. Customers can then make the most complete recovery possible.

"Businesses need confidence that the data they're restoring is clean," said Pranay Ahlawat, Chief Technology and AI Officer at Commvault. "By combining Threat Scan and inline scanning with Google Threat Intelligence, we're helping customers validate recovery points faster and accelerate clean recovery when it matters most."

"Organizations are looking for ways to strengthen cyber resilience while reducing complexity during incident response and recovery," said Miton Adhikari, Head of Google Security OEM Partnerships. "Through our collaboration with Commvault, customers will be able to apply Google Threat Intelligence within recovery workflows to make faster, more informed recovery decisions and reduce recovery uncertainty."

This announcement builds upon Commvault's ongoing collaboration with Google Cloud, including expanded cyber resilience capabilities for Google Cloud environments via Clumio, and support for Google Cloud workloads.

Availability
The Google Threat Intelligence integration, inline scanning capabilities, and associated Threat Scan enhancements are expected to be available in the coming months. To learn more and see a live demonstration of the integration, attend Google's Theater Session featuring Commvault at Black Hat on Tuesday, August 4 at 6:20pm PT, on the Mandalay Bay Convention Center Expo Floor. For more information about Commvault's partnership with Google, visit the partnership page.

About Commvault
Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

SOURCE COMMVAULT

Commvault (CVLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Commvault Systems (CVLT - Free Report) .

Commvault currently has an average brokerage recommendation (ABR) of 1.94, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 17 brokerage firms. An ABR of 1.94 approximates between Strong Buy and Buy.

Of the 17 recommendations that derive the current ABR, nine are Strong Buy, representing 52.9% of all recommendations.

Brokerage Recommendation Trends for CVLT

Check price target & stock forecast for Commvault here>>>

The ABR suggests buying Commvault, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Should You Invest in CVLT?Looking at the earnings estimate revisions for Commvault, the Zacks Consensus Estimate for the current year has increased 1.6% over the past month to $5.24.

Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Commvault. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, the Buy-equivalent ABR for Commvault may serve as a useful guide for investors.

Key Takeaways Commvault's Q1'27 earnings rose 40.6% to $1.42 per share as revenues climbed 11.4% to $314.13 million.SaaS revenues surged 39% past $100 million, while subscription ARR increased 22% to $1.05 billion.CVLT raised subscription revenue and EBIT margin guidance while maintaining fiscal 2027 ARR targets. Commvault Systems, Inc. (CVLT - Free Report) reported first-quarter fiscal 2027 non-GAAP earnings of $1.42 per share, up 40.6% year over year. The figure beat the Zacks Consensus Estimate of $1.18 by 20.3%.

Revenues advanced 11.4% to $314.13 million and surpassed the consensus mark by 0.99%. Results benefited from strong SaaS demand, subscription growth and improving profitability. Subscription annual recurring revenues (ARR) increased 22% to $1.05 billion.

CVLT’s Subscription Revenues Maintain MomentumSubscription revenues increased 16% year over year to $267.03 million and accounted for 85% of total revenues, up from 81% in the prior-year quarter.

Term-based license revenues rose 1% to $110.42 million, while term-based support revenues climbed 18% to $56.06 million. SaaS revenues surged 39% to $100.55 million, crossing the $100 million quarterly threshold for the first time.

Perpetual license revenues increased 19% to $8.70 million. However, perpetual support revenues declined 19% to $25.48 million, while other services revenues fell 7% to $12.93 million.

Commvault’s ARR Growth Reflects SaaS StrengthSubscription ARR reached $1.05 billion, up from $867.31 million a year earlier. CVLT added $39 million in net new subscription ARR during the quarter, driven by continued strength in its SaaS offerings.

SaaS ARR grew 38% to $424.34 million from $306.87 million. The company surpassed 10,000 active SaaS customers, while subscription net dollar retention remained steady at 114%.

Identity resilience and data security offerings represented more than one-third of net new subscription ARR. Emerging SaaS offerings, including Clumio S3 Protection, Google Workspace and Azure DevOps, also recorded strong growth.

CVLT Benefits From Broader Platform AdoptionThe percentage of Commvault-managed SaaS customers using at least two products increased to 49% from 42% a year earlier. This reflected continued upselling and cross-selling across the Commvault Cloud Platform.

Management highlighted identity resilience as an important entry point for broader platform adoption. Demand was supported by customers seeking to protect identity systems, govern data access and recover operations following cyber incidents.

Commvault also expanded its relationship with Microsoft. Its cyber-resilience capabilities are expected to become available as a native independent software vendor service on Microsoft Azure, making the platform easier to integrate into Azure-based workflows.

Commvault’s Margins Expand on Operating LeverageGross margin reached 82.1% in the reported quarter. SaaS gross margin improved 635 basis points year over year to 70.6%, aided by product optimization, acquisition integration and strategic agreements with hyperscaler partners.

Operating expenses increased 7% to $185 million but declined as a percentage of revenues to 59% from 61% a year earlier. Headcount remained roughly flat year over year.

Non-GAAP EBIT increased to $71.47 million from $58.25 million. The corresponding margin expanded 210 basis points to 22.8%, marking the company’s strongest quarterly EBIT margin performance in more than a decade.

CVLT’s Cash Flow and Balance Sheet Remain SolidOperating cash flow increased to $51.67 million from $31.68 million in the year-ago quarter. Free cash flow rose 71% to $51.10 million, reflecting stronger collections and continued spending discipline.

Commvault ended the quarter with cash and cash equivalents of $929.84 million, up from $899.99 million at the end of fiscal 2026. During the quarter, the company repurchased roughly 98,000 shares for $10 million.

Management continues to target share repurchases equal to approximately 60% of annual free cash flow while retaining balance sheet flexibility.

Commvault Updates Fiscal 2027 Profit OutlookFor the second quarter of fiscal 2027, subscription revenues are projected between $264 million and $268 million. Total revenues are expected to be approximately $310 million, while the non-GAAP EBIT margin is forecast at about 20%.

For fiscal 2027, CVLT raised its subscription revenue outlook to $1.119-$1.129 billion from $1.115-$1.125 billion. Subscription ARR guidance was maintained at $1.20-$1.21 billion, with SaaS ARR expected to exceed $500 million.

The company continues to expect total revenues of $1.30-$1.31 billion and free cash flow of $250-$260 million. Non-GAAP EBIT margin guidance was increased by 50 basis points to approximately 21%.

CVLT’s Zacks Rank and Stocks to ConsiderCommvault currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices (ADI - Free Report) , Applied Materials (AMAT - Free Report) and Cisco Systems (CSCO - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Analog Devices have rallied 34.9% year to date. The Zacks Consensus Estimate for Analog Devices’ fiscal 2026 earnings is pegged at $12.42 per share, up by 10 cents over the past 30 days, indicating a 59.4% year-over-year increase.

Shares of Applied Materials have skyrocketed 85.4% year to date. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.14 per share, up by 3 cents over the past 30 days, calling for a rise of 28.9% year over year.

Cisco Systems shares have surged 50.1% year to date. The Zacks Consensus Estimate for CSCO’s fiscal 2026 earnings is pegged at $4.28 per share, unchanged over the past 30 days, implying an increase of 12.3% year over year.

Data security company Commvault Systems (CVLT -19.70%) reported Q1 2027 results early Tuesday morning, and the numbers looked good at first glance. Commvault beat the Street's estimates across the board. Free cash flow jumped 71% year-over-year. But the stock still dipped as much as 20.7% in the morning session and was still down 15.7% at 1:50 p.m. ET.

And that move makes sense, too.

Today's Change

(

-19.70

%) $

-29.44

Current Price

$

120.02

Strong results meet lukewarm outlook Commvault ripped into this report on a full head of steam. The stock gained 91.9% from the end of March to Monday's closing bell.

The raw numbers looked great. Q1 revenue rose 11% to $314 million. Adjusted earnings jumped 41% to $1.42 per diluted share. The analyst consensus called for $310 million and $1.16 per share, respectively. Subscription revenue rose 16% to $267 million and the company collected $51 million of free cash flow, up from $30 million in the year-ago period. Moreover, Commvault recently announced a long-term partnership with tech giant Microsoft (MSFT +1.15%), opening new sales channels for AI security and cyber resilience on the Azure platform.

That sounds awesome. So why the sudden price drop?

The robust report came with a side of modest guidance. Management expects subscription revenue to fall slightly in the second quarter, which is concerning for a recurring revenue stream. Furthermore, full-year revenue guidance pointed to steady growth for the rest of this fiscal year, rather than the acceleration you'd expect from that Microsoft deal.

Image source: Getty Images.

The curse of high expectations strikes again Commvault did everything right except manage expectations. After a 92% rally, the stock was priced for fireworks, and management handed investors a nice, sensible, slow-burning torch instead.

The Q1 numbers were genuinely good, and the Microsoft partnership could boost that trajectory over time, but Commvault investors clearly expected a more immediate payoff. "Long-term potential" doesn't move the needle when traders expect a blowout.

Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft. The Motley Fool has a disclosure policy.

3 Under-the-Radar Cybersecurity Stocks With Major Upside PotentialCommVault Systems NASDAQ: CVLT reported first-quarter fiscal 2027 results that exceeded its expectations, driven by continued growth in subscription and software-as-a-service offerings, while the company raised its full-year non-GAAP EBIT margin outlook and subscription revenue guidance.

Chief Executive Officer Sanjay Mirchandani said subscription annual recurring revenue, or ARR, rose 22% year over year to $1.05 billion. SaaS ARR increased 38% to $424 million, while subscription revenue grew 16% to $267 million. SaaS revenue surpassed $100 million for the quarter, and the company expanded its EBIT margin by more than 200 basis points to approximately 23%.

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3 Under-the-Radar Software Stocks Ready to Bounce“AI is expanding the surface area for data disruption and cyber attacks,” Mirchandani said, describing artificial intelligence as a tailwind for Commvault’s data protection and cyber-resilience platform. He said enterprises are increasingly focused not only on backing up data, but also on verifying its integrity, governing access and recovering to a clean state following an incident.

Subscription growth and profitability Chief Financial Officer Gary Merrill said Commvault added $39 million in net new subscription ARR during the quarter, with SaaS growth supported by new customers and expansion among existing customers. The company exceeded 10,000 active SaaS customers, and subscription net dollar retention was 114%, unchanged from the prior quarter.

Commvault Stock: AI Cybersecurity Giant Ready to Double AgainIdentity resilience and data security offerings accounted for more than one-third of net new subscription ARR, Merrill said. The company also cited growth in emerging SaaS offerings including Clumio S3 protection, Google Workspace and Azure DevOps. Among Commvault Managed SaaS customers, 49% used two or more products, up from 42% a year earlier.

Total revenue increased 11% year over year to $314 million. Subscription revenue represented 85% of total revenue, compared with 81% in the prior-year period. Gross margin reached 82.1%, while SaaS gross margin rose 635 basis points year over year to 70.6%. Non-GAAP EBIT was $71 million, producing a 22.8% margin, up 210 basis points year over year. Free cash flow increased 71% year over year to $51 million. Merrill said the quarter’s non-GAAP EBIT margin was Commvault’s strongest quarterly performance in more than a decade. Operating expenses increased 7% to $185 million, while headcount was roughly flat from a year earlier. He said the company’s scale and gross-margin gains provide room to continue investing in sales, marketing and research and development while expanding profitability.

The company repurchased about 98,000 shares for $10 million during the quarter. Merrill said Commvault intends to return at least 60% of annual free cash flow to shareholders through repurchases while preserving balance-sheet flexibility.

AI resilience and platform strategy Mirchandani said enterprise AI adoption remains in an early, experimental phase, but customer discussions increasingly center on AI data workloads, non-human identities, access controls and the ability to identify and reverse compromised changes. He said Commvault’s platform is designed to protect hybrid environments spanning on-premises infrastructure, cloud services, SaaS applications, legacy systems and AI workloads.

The company discussed new AI-oriented capabilities, including AI Studio, which is intended to enable agentic use of core product capabilities; Data Activate, which is designed to classify and curate protected data for AI training and learning systems; and AI Protect, which is intended to help customers assess agent-driven changes and recover affected applications. Mirchandani said the offerings are expected over the coming months.

Commvault also expanded its Microsoft partnership during the quarter. Its cyber-resilience capabilities will be available as a native independent software vendor service on Microsoft Azure, which Mirchandani said should make it easier for customers to use Commvault within Azure workflows and the marketplace.

The company highlighted Clumio as one of the fastest-growing components of its SaaS portfolio. Mirchandani said the cloud-native offering is aimed at organizations with large cloud data sets and workloads across services such as Amazon S3, Snowflake and Google Cloud. Merrill added that 40% of SaaS customers are new to Commvault, with SaaS serving as the company’s principal new-customer acquisition engine.

Hardware constraints and outlook Management said hardware availability constraints remain a factor for some on-premises software deals, but characterized the impact as manageable. Merrill said term subscription lengths faced a mid-single-digit sequential impact as customers assessed hardware and storage plans, though Commvault’s cloud and SaaS offerings provide flexibility for customers facing supply constraints. Term software net new ARR was sequentially flat, he said.

Foreign exchange also created a small-to-modest headwind to first-quarter ARR. Using beginning-of-quarter exchange rates, Merrill said net new subscription ARR would have been in the low-$40 million range rather than $39 million.

For fiscal 2027, Commvault reiterated its subscription ARR outlook of $1.20 billion to $1.21 billion, representing approximately 19% growth at the midpoint. It expects SaaS ARR to exceed $500 million by year-end.

Full-year subscription revenue guidance increased to $1.119 billion to $1.129 billion, or about 16% growth at the midpoint. Total revenue guidance was maintained at $1.30 billion to $1.31 billion. Full-year non-GAAP EBIT margin guidance increased by 50 basis points to approximately 21%. Free cash flow guidance remained $250 million to $260 million, weighted toward the second half of the fiscal year. For the fiscal second quarter, Commvault expects subscription revenue of $264 million to $268 million, total revenue of about $310 million and a non-GAAP EBIT margin of approximately 20%.

About CommVault Systems (NASDAQ:CVLT)Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault's platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Subscription revenue 1 climbs +16% year over year to a record $267 million

Subscription annualized recurring revenue (ARR) 1,2 reaches $1,054 million, up +22% year over year

Free cash flow 3 increased +71% year over year to $51 million

, /PRNewswire/ -- Commvault (Nasdaq: CVLT) today announced its financial results for the fiscal first quarter ended June 30, 2026.

"Our results reflect what we're hearing from customers every day – they are embracing our AI-enabled platform to protect data, govern access, and make clean, trusted recoveries," said Sanjay Mirchandani, President and CEO, Commvault. "With strong growth and record profitability, Commvault is well positioned to continue taking share in an AI-first world."

Notes are contained at the end of this press release

First Quarter Fiscal 2027 Highlights -

Subscription revenue1 was $267 million, up 16% year over year, inclusive of: SaaS revenue crossed $100 million, up 39% year over year Subscription ARR1,2 grew to $1,054 million, up 22% year over year Income from operations (EBIT) was $26 million, an operating margin of 8.2% Non-GAAP EBIT3 was $71 million, an operating margin of 22.8% Operating cash flow was $52 million, with free cash flow3 of $51 million, up 71% year over year Recent Business Highlights -

Commvault and Microsoft announced a multi-year strategic partnership to offer Commvault's AI and cyber resilience solutions as a native ISV service on Microsoft Azure, underscoring the importance of AI and resilience for enterprises. Commvault was named a Leader in the Gartner® Magic Quadrant™ for Backup and Data Protection Platforms for the 15th consecutive year. Financial Outlook for Second Quarter and Full Year Fiscal 20274 -
We are providing the following guidance for the second quarter of fiscal year 2027:

Subscription revenue1 is expected to be between $264 million and $268 million Non-GAAP EBIT margin3 is expected to be approximately 20% We are providing the following updated guidance for the full fiscal year 2027:

Subscription revenue1 is expected to be between $1,119 million and $1,129 million Subscription ARR1,2 is expected to be between $1,200 million and $1,210 million Non-GAAP EBIT margin3 is expected to be approximately 21% Free cash flow3 is expected to be between $250 million and $260 million Share repurchases are expected to be approximately 60% of free cash flow3 Diluted shares outstanding are expected to be approximately 42 million The above guidance metrics contemplate current macroeconomic conditions. These statements are forward-looking and made pursuant to the safe harbor provisions discussed in detail below. We do not undertake any obligation to update these forward-looking statements. Actual results may differ materially from anticipated results.

Conference Call Information
Commvault will host a conference call today, July 28, 2026 at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) to discuss quarterly results. The live webcast and call dial-in numbers can be accessed by registering under the "News & Events" section of Commvault's website at ir.commvault.com under the "Investor Events" heading. An archived webcast of this conference call will also be available following the call.

About Commvault
Commvault (Nasdaq: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

Safe Harbor Statement
This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as those related to our restructuring plans, competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions, outcome of litigation and others. For a discussion of these and other risks and uncertainties affecting Commvault's business, see "Item 1A. Risk Factors" in our annual report on Form 10-K and "Item 1A. Risk Factors" in our most recent quarterly report on Form 10-Q. Statements regarding Commvault's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from anticipated results. Commvault does not undertake to update its forward-looking statements.

Overview
($ in thousands)

Q1'26

Q2'26

Q3'26

Q4'26

Q1'27

Revenue

Y/Y
Growth

Revenue

Y/Y
Growth

Revenue

Y/Y
Growth

Revenue

Y/Y
Growth

Revenue

Y/Y
Growth

Subscription:

Term-based license

$ 109,282

36 %

$ 92,647

10 %

$ 118,950

22 %

$ 114,445

6 %

$ 110,420

1 %

Term-based support

47,582

20 %

49,686

19 %

50,962

18 %

53,933

21 %

56,057

18 %

SaaS

72,445

66 %

80,018

61 %

87,379

44 %

93,139

43 %

100,550

39 %

Total subscription

229,309

40 %

222,351

26 %

257,291

28 %

261,517

20 %

267,027

16 %

Perpetual license

7,335

(47) %

12,073

15 %

13,675

(17) %

10,129

(32) %

8,695

19 %

Perpetual support

31,439

(14) %

30,543

(15) %

29,309

(14) %

26,972

(15) %

25,475

(19) %

Other services

13,895

31 %

11,221

2 %

13,557

25 %

13,074

26 %

12,934

(7) %

Total revenues

$ 281,978

26 %

$ 276,188

18 %

$ 313,832

19 %

$ 311,692

13 %

$ 314,131

11 %

Constant Currency - Revenue
($ in thousands)

The constant currency impact is calculated using the average foreign exchange rates from the prior year period and applying these rates to foreign-denominated revenues in the current corresponding period. Commvault analyzes revenue growth on a constant currency basis in order to provide a comparable framework for assessing how the business performed excluding the effect of foreign currency fluctuations. The non-GAAP financial measures presented in this press release should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.

Q1'26
Revenue as 
Reported
(GAAP)

Q1'27
Revenue as
Reported
(GAAP)

Constant
Currency
Impact

% Change Y/Y
(GAAP)

% Change Y/Y
Constant
Currency

Subscription:

Term-based license

$     109,282

$     110,420

$        (659)

1 %

— %

Term-based support

47,582

56,057

(603)

18 %

17 %

SaaS

72,445

100,550

(1,166)

39 %

37 %

Total subscription

229,309

267,027

(2,428)

16 %

15 %

Perpetual license

7,335

8,695

150

19 %

21 %

Perpetual support

31,439

25,475

(243)

(19) %

(20) %

Other services

13,895

12,934

114

(7) %

(6) %

Total

$     281,978

$     314,131

$      (2,407)

11 %

11 %

Disaggregation of Revenues
($ in thousands)

Our Americas region includes the United States, Canada, and Latin America. Our International region primarily includes Europe, the Middle East, Africa, Australia, India and Southeast Asia.

Q1'26

Q2'26

Q3'26

Q4'26

Q1'27

Revenue

Y/Y
Growth

Revenue

Y/Y
Growth

Revenue

Y/Y
Growth

Revenue

Y/Y
Growth

Revenue

Y/Y
Growth

Americas

$ 170,928

23 %

$ 168,125

16 %

$ 178,852

15 %

$ 184,977

9 %

$ 186,779

9 %

International

111,050

29 %

108,063

22 %

134,980

26 %

126,715

20 %

127,352

15 %

Total revenues

$ 281,978

26 %

$ 276,188

18 %

$ 313,832

19 %

$ 311,692

13 %

$ 314,131

11 %

Subscription ARR and SaaS ARR1,2
($ in thousands)

Q1'26

Q2'26

Q3'26

Q4'26

Q1'27

Subscription ARR

867,306

918,130

966,260

1,014,729

1,054,311

SaaS ARR

306,874

335,669

363,732

400,157

424,337

Additional Financial Information

We repurchased approximately 98,000 shares of common stock for $10 million during the three months ended June 30, 2026 Weighted average diluted shares outstanding were approximately 42 million for the period ended June 30, 2026 Cash and cash equivalents totaled $930 million as of June 30, 2026 Subscription net dollar retention rate5 was 114% Commvault Systems, Inc.

Consolidated Statements of Operations
(In thousands, except per share data)
(Unaudited)

Three Months Ended
June 30,

2026

2025

Revenues:

Subscription:

  Term-based license

$ 110,420

$ 109,282

  Term-based support

56,057

47,582

  Software-as-a-service

100,550

72,445

Total subscription

267,027

229,309

Perpetual license

8,695

7,335

Perpetual support

25,475

31,439

Other services

12,934

13,895

Total revenues

314,131

281,978

Cost of revenues:

Term-based license

4,243

2,242

Software-as-a-service

29,652

25,972

Perpetual license

171

245

Customer support

14,699

14,207

Other services

8,844

8,111

Total cost of revenues

57,609

50,777

Gross margin

256,522

231,201

Operating expenses:

Sales and marketing

139,795

122,479

Research and development

39,542

40,062

General and administrative

46,751

41,270

Depreciation and amortization

2,319

2,607

Restructuring

2,396

237

Change in contingent consideration

—

(545)

Total operating expenses

230,803

206,110

Income from operations

25,719

25,091

Interest income

7,687

2,009

Interest expense

(1,473)

(278)

Other income, net

269

61

Income before income taxes

32,202

26,883

Income tax expense

11,063

3,387

Net income

$  21,139

$  23,496

Net income per common share:

Basic

$     0.51

$     0.53

Diluted

$     0.50

$     0.52

Weighted average common shares outstanding:

Basic

41,345

44,326

Diluted

41,869

45,283

Commvault Systems, Inc.

Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)

June 30,

March 31,

2026

2026

ASSETS

Current assets:

Cash and cash equivalents

$        929,837

$        899,987

Trade accounts receivable, net

271,568

330,483

Other current assets

65,520

56,040

Total current assets

1,266,925

1,286,510

Deferred tax assets, net

150,360

153,766

Property and equipment, net

9,677

9,750

Operating lease assets

33,985

34,920

Deferred commissions cost

110,465

103,892

Intangible assets, net

18,459

19,715

Goodwill

209,132

209,322

Other assets

91,418

68,430

Total assets

$     1,890,421

$     1,886,305

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$             156

$             651

Accrued liabilities

138,979

165,583

Current portion of operating lease liabilities

7,148

6,963

Deferred revenue

473,744

484,973

Total current liabilities

620,027

658,170

Convertible notes, net

881,926

880,863

Deferred revenue, less current portion

291,151

293,725

Deferred tax liabilities

1,306

1,565

Long-term operating lease liabilities

28,581

29,675

Other liabilities

15,379

14,813

Total stockholders' equity

52,051

7,494

Total liabilities and stockholders' equity

$     1,890,421

$     1,886,305

Commvault Systems, Inc.

Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)

Three Months Ended
June 30,

2026

2025

Cash flows from operating activities

Net income

$  21,139

$  23,496

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

2,319

2,607

Amortization of debt issuance costs

1,164

85

Amortization of deferred commissions costs

14,582

10,989

Noncash stock-based compensation

35,290

30,180

Noncash operating lease expense

1,916

1,636

Noncash change in fair value of contingent consideration

—

(545)

Noncash adjustment on headquarters sale leaseback

—

495

Deferred income taxes

2,962

3,908

Other

(182)

(61)

Changes in operating assets and liabilities:

  Trade accounts receivable, net

58,714

3,748

  Other current assets and Other assets

(23,190)

2,378

  Deferred commissions cost

(21,299)

(15,072)

  Accounts payable

(506)

(320)

  Accrued liabilities

(26,281)

(47,260)

  Operating lease liabilities

(1,889)

(1,908)

  Deferred revenue

(12,308)

17,440

  Other liabilities

(761)

(115)

Net cash provided by operating activities

51,670

31,681

Cash flows from investing activities

Purchase of property and equipment

(569)

(1,879)

Purchase of investments

(7,895)

(6,144)

Proceeds from sale of headquarters, net

—

34,849

Net cash provided by (used in) investing activities

(8,464)

26,826

Cash flows from financing activities

Repurchase of common stock

(10,131)

(15,050)

Payment of debt issuance costs

—

(1,846)

Other

(75)

(12)

Net cash used in financing activities

(10,206)

(16,908)

Effects of exchange rate — changes in cash

(3,150)

19,532

Net increase in cash and cash equivalents

29,850

61,131

Cash and cash equivalents at beginning of period

899,987

302,103

Cash and cash equivalents at end of period

$ 929,837

$ 363,234

Supplemental disclosures of noncash activities

Operating lease liabilities arising from obtaining right-of-use assets

$     932

$  20,252

Commvault Systems, Inc.

Reconciliation of GAAP to Non-GAAP Financial Measures
(In thousands, except per share data)
(Unaudited)

Three Months Ended
June 30,

2026

2025

Non-GAAP financial measures and reconciliation:

GAAP income from operations

$  25,719

$  25,091

Noncash stock-based compensation6

34,725

30,105

FICA and payroll tax expense related to stock-based compensation7

877

1,799

Restructuring8

2,396

237

Amortization of intangible assets9

1,256

1,071

Change in contingent consideration10

—

(545)

Adjustment on headquarters sale leaseback11

—

495

Non-recurring strategic pricing initiative costs12

6,500

—

Non-GAAP income from operations

$  71,473

$  58,253

GAAP net income

$  21,139

$  23,496

Noncash stock-based compensation6

34,725

30,105

FICA and payroll tax expense related to stock-based compensation7

877

1,799

Restructuring8

2,396

237

Amortization of intangible assets9

1,256

1,071

Change in contingent consideration10

—

(545)

Adjustment on headquarters sale leaseback11

—

495

Non-recurring strategic pricing initiative costs12

6,500

—

Non-GAAP provision for income taxes adjustment13

(7,646)

(11,024)

Non-GAAP net income

$  59,247

$  45,634

GAAP diluted earnings per share

$     0.50

$     0.52

Noncash stock-based compensation6

0.83

0.66

FICA and payroll tax expense related to stock-based compensation7

0.02

0.04

Restructuring8

0.06

0.01

Amortization of intangible assets9

0.03

0.02

Change in contingent consideration10

—

(0.01)

Adjustment on headquarters sale leaseback11

—

0.01

Non-recurring strategic pricing initiative costs12

0.16

—

Non-GAAP provision for income taxes adjustment13

(0.18)

(0.24)

Non-GAAP diluted earnings per share

$    1.42

$    1.01

GAAP diluted weighted average shares outstanding

41,869

45,283

Three Months Ended
June 30,

2026

2025

Non-GAAP free cash flow reconciliation:

GAAP cash provided by operating activities

$  51,670

$  31,681

Purchase of property and equipment

(569)

(1,879)

Non-GAAP free cash flow

$  51,101

$  29,802

Key Performance Indicators

We monitor subscription annualized recurring revenue ("Subscription ARR"), SaaS ARR and subscription net dollar retention rate ("Subscription NRR") to help evaluate the state of our business. We believe these metrics are material to investors to understand the growth and performance of our business, as they help normalize certain variable factors and provide a consistent view of our recurring revenue profile. Subscription ARR and SaaS ARR exclude non-recurring elements and reflect the annualized value of active contracts, while subscription NRR measures net expansion within our existing subscription customer base. Together, we believe these metrics offer meaningful insight into the health and trajectory of our recurring revenue streams. Total ARR, which also included the annualized maintenance contract on perpetual licenses, is no longer disclosed.

Use of Non-GAAP Financial Measures

We have provided in this press release the following non-GAAP financial measures: non-GAAP income from operations (EBIT), non-GAAP EBIT margin, non-GAAP net income, non-GAAP diluted earnings per share, and non-GAAP free cash flow. This financial information has not been prepared in accordance with GAAP. Commvault uses these non-GAAP financial measures internally to understand, manage and evaluate its business and make operating decisions. Commvault believes that the use of these non-GAAP financial measures, when used as a supplement to GAAP financial measures, provides an additional tool for investors to use in evaluating ongoing operating results and trends, and in comparing its financial results with other companies in Commvault's industry, many of which present similar non-GAAP financial measures to the investment community. Commvault has also provided its revenues on a constant currency basis. We analyze revenue growth on a constant currency basis in order to provide a comparable framework for assessing how the business performed excluding the effect of foreign currency fluctuations.

All of these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures, which are included in this press release.

Non-GAAP EBIT and non-GAAP EBIT margin. These non-GAAP financial measures exclude noncash stock-based compensation charges and additional Federal Insurance Contribution Act (FICA) and related payroll tax expense incurred by Commvault when employees vest in restricted stock awards. Commvault has also excluded restructuring costs, noncash amortization of intangible assets, the change in the estimated fair value of contingent consideration, adjustments from the sale and leaseback of headquarters, and non-recurring strategic pricing initiative costs from its non-GAAP results. These adjustments are further discussed in the reconciliation of GAAP to non-GAAP financial measures. Commvault believes that these non-GAAP financial measures are useful metrics for management and investors because they compare Commvault's core operating results over multiple periods. When evaluating the performance of Commvault's operating results and developing short- and long-term plans, Commvault does not consider such expenses.

Although noncash stock-based compensation and the additional FICA and related payroll tax expenses are necessary to attract and retain employees, Commvault places its primary emphasis on stockholder dilution as compared to the accounting charges related to such equity compensation plans. Commvault believes that providing non-GAAP financial measures that exclude noncash stock-based compensation expense and the additional FICA and related payroll tax expenses incurred on vesting of restricted stock awards allow investors to make meaningful comparisons between Commvault's operating results and those of other companies.

There are a number of limitations related to the use of non-GAAP EBIT and non-GAAP EBIT margin.  The most significant limitation is that these non-GAAP financial measures exclude certain operating costs, primarily related to noncash stock-based compensation, which is of a recurring nature. Noncash stock-based compensation has been, and will continue to be for the foreseeable future, a significant recurring expense in Commvault's operating results.  In addition, noncash stock-based compensation is an important part of Commvault's employees' compensation and can have a significant impact on their performance. The following table presents the stock-based compensation expense included in cost of revenues, sales and marketing, research and development and general and administrative ($ in thousands):

Three Months Ended
June 30,

2026

2025

Cost of revenues

$   1,403

$   1,249

Sales and marketing

14,168

12,586

Research and development

8,284

7,070

General and administrative

10,870

9,200

Stock-based compensation expense

$  34,725

$  30,105

The table above excludes stock-based compensation expense related to the Company's restructuring activities described below in Note 8.

The components that Commvault excludes in its non-GAAP financial measures may differ from the components that its peer companies exclude when they report their non-GAAP financial measures. Due to the limitations related to the use of non-GAAP measures, Commvault's management assists investors by providing a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure. Commvault's management uses non-GAAP financial measures only in addition to, and in conjunction with, results presented in accordance with GAAP.

Non-GAAP net income and non-GAAP diluted earnings per share (EPS).  In addition to the adjustments discussed in non-GAAP EBIT, non-GAAP net income and non-GAAP diluted EPS incorporates a non-GAAP effective tax rate of 24%.

Commvault anticipates that in any given period its non-GAAP tax rate may be either higher or lower than the GAAP tax rate as evidenced by historical fluctuations. The GAAP tax rates in recent fiscal years were not meaningful percentages due to the dollar amount of GAAP pre-tax income.  For the same reason as the GAAP tax rates, the estimated cash tax rates in recent fiscal years are not meaningful percentages. Commvault defines its cash tax rate as the total amount of cash income taxes payable for the fiscal year divided by consolidated GAAP pre-tax income. Over time, Commvault believes its GAAP and cash tax rates will align.

Commvault considers non-GAAP net income and non-GAAP diluted EPS useful metrics for Commvault management and its investors for the same basic reasons that Commvault uses non-GAAP EBIT and non-GAAP EBIT margin. In addition, the same limitations as well as management actions to compensate for such limitations described above also apply to Commvault's use of non-GAAP net income and non-GAAP diluted EPS.

Non-GAAP free cash flow.  Commvault defines this non-GAAP financial measure as net cash provided by operating activities less purchases of property and equipment. Commvault considers non-GAAP free cash flow a useful metric for Commvault management and its investors in evaluating Commvault's ability to generate cash from its business operations. In addition, the same limitations as well as management actions to compensate for such limitations described above also apply to Commvault's use of non-GAAP free cash flow.

Forward-looking non-GAAP measures.  In this press release, Commvault presents non-GAAP EBIT margin and free cash flow on a forward-looking basis. The most directly comparable GAAP measures are not accessible on a forward-looking basis without unreasonable efforts, because certain items that impact these GAAP measures, cannot be reasonably predicted or quantified. The probable significance of these items may be material, and as a result, the corresponding GAAP measures and a quantitative reconciliation to those GAAP measures are not available on a forward-looking basis.

Notes

Beginning in fiscal 2027, Customer support revenue has been further disaggregated between support associated with term-based software license arrangements ("Term-based support") and support associated with perpetual software license arrangements ("Perpetual support"). Subscription revenue has also been reclassified to include Term-based support revenue, in addition to Term-based license and SaaS revenues. Prior period amounts have been reclassified to conform to the current period presentation. These reclassifications have no impact on total revenues, net income, or the underlying revenue recognition for these arrangements.In addition, Subscription ARR2 has been reclassified to include enterprise support, further aligning Subscription ARR with Subscription revenue. Prior to fiscal 2027, enterprise support was included only in Total ARR. Prior period amounts have been reclassified to conform to the current period presentation. Total ARR, which also included the annualized maintenance contract on perpetual licenses, is no longer disclosed.

Subscription ARR represents the annualized value of all active contracts as of the end of a reporting period attributable to term‑based licenses, maintenance and support services associated with term license arrangements, SaaS subscriptions, and consumption‑based arrangements, calculated by dividing the total active contract value by the number of days in the contract term and multiplying the result by 365. For consumption-based arrangements on a pay as you go model without a fixed commitment, the applicable ARR is calculated by annualizing the revenue contractually expected to be received in a given month based on actual monthly usage from a prior month. SaaS ARR includes only the cloud‑hosted portion of subscription ARR and is calculated using the same methodology.These metrics should be viewed independently of GAAP revenue, deferred revenue and unbilled revenue and are not intended to be combined with or to replace those items. These metrics are not a forecast of future revenues. Management believes that reviewing these metrics, in addition to GAAP results, helps investors and financial analysts understand the value of Commvault's recurring revenue streams presented on an annualized basis. There is no direct GAAP comparative to ARR.

A reconciliation of GAAP to non-GAAP results has been provided in the reconciliation of GAAP to non-GAAP financial measures included in this press release. An explanation of these measures is also included under the heading "Use of Non-GAAP Financial Measures." Commvault does not provide forward-looking guidance on a GAAP basis as certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. See "Forward-looking non-GAAP measures" for additional explanation. Subscription net dollar retention rate (Subscription NRR) includes all contracts attributable to term‑based licenses, maintenance and support services associated with term license arrangements, SaaS subscriptions, and consumption‑based arrangements. Subscription NRR is calculated as the percentage of subscription ARR retained from existing customers at the start of an annual period after accounting for expansion revenue, churn, and downgrades, measured on an annualized basis using the trailing four quarter average. Acquired subscription ARR is excluded until the acquisition is fully integrated, which we generally expect to occur twelve months from the close date. We believe our subscription NRR offers valuable insight into the year-over-year expansion of our existing customer base, reflecting both increased utilization of current products and services as well as the adoption of additional offerings. There is no direct GAAP comparative to NRR. Represents noncash stock-based compensation charges associated with restricted stock units granted and our Employee Stock Purchase Plan, exclusive of stock-based compensation expense related to Commvault's restructuring activities described below in Note 8. Represents additional FICA and related payroll tax expenses incurred by Commvault when employees vest in restricted stock awards. Restructuring charges relate to two plans designed to optimize our cost structure, enhance organizational agility, align resources with strategic priorities, and reorganize our business technology function. These initiatives include workforce reductions, technology transitions, office lease closures, and the exit of operations in certain jurisdictions. The related charges primarily consist of severance and associated employee termination costs, stock‑based compensation expense resulting from modification events, and office closure and exit charges. As of June 30, 2026, the majority of these costs have been incurred and the remaining activities are anticipated to be completed in fiscal 2027. Represents noncash amortization of intangible assets. Represents the change in the estimated fair value of the contingent consideration arrangement related to the acquisition of Appranix, Inc. During the first quarter of fiscal 2026, we finalized the sale of our corporate headquarters and entered into a lease for a portion of the premises. These noncash charges represent accounting adjustments for a $1.3 million loss associated with the related lease terms and an $0.8 million adjustment to reflect the final sale price of the assets resulting in a net charge of $0.5 million recorded in general and administrative expense on the consolidated statements of operations. These charges relate to a non-routine business expense incurred during the period associated with contingent performance-based fees tied to strategic pricing and packaging initiatives. The arrangement also includes provisions for potential additional contingent fees of up to $3.0 million. As of June 30, 2026, no amounts have been recognized with respect to the potential additional contingent fees, which remain subject to future contractual conditions and performance outcomes. Given the non-recurring nature of the matter, these costs have been excluded from operating results as they are episodic in nature, directly tied to a discrete strategic initiative, and not reflective of ongoing operating performance. The provision for income taxes is adjusted to reflect Commvault's estimated non-GAAP effective tax rate of 24%. SOURCE COMMVAULT

NEW YORK, July 27, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally recognized investor rights law firm, announces that it is investigating potential breaches of fiduciary duty by certain directors and officers of Commvault Systems, Inc. (“Commvault” or the “Company”) (NASDAQ: CVLT). The investigation seeks to determine whether the Company’s leadership fulfilled its obligations to shareholders and whether legal remedies may be available.

Current Commvault Shareholders Are Encouraged to Contact the Firm

Do you currently own shares of Commvault Systems, Inc. (NASDAQ: CVLT)?Did you purchase your shares before April 29, 2025?Would you like to learn more about your legal rights as a shareholder?
Why Is Bernstein Liebhard Investigating?

Bernstein Liebhard is investigating whether certain directors and officers of Commvault breached the fiduciary duties they owed to the Company and its shareholders. The investigation is focused on determining whether Company leadership acted in the best interests of shareholders and whether additional legal action may be appropriate based on publicly available information.

What Shareholders Should Do

If you currently own Commvault stock and would like to discuss your legal rights or obtain additional information regarding the investigation, please visit the firm’s Commvault Shareholder Investigation page or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected] for a confidential consultation.

About Bernstein Liebhard LLP

For more than three decades, Bernstein Liebhard LLP has represented investors in complex securities and shareholder litigation. Since 1993, the firm has recovered more than $3.5 billion for its clients and has been retained by many of the nation’s largest public and private pension funds to monitor investments and pursue claims on behalf of investors.

The firm’s accomplishments include recognition on The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and inclusion in The Legal 500 for sixteen consecutive years, reflecting its longstanding commitment to protecting shareholder rights.

ATTORNEY ADVERTISING. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
10 East 40th Street
New York, NY 10016
Phone: (212) 951-2030
Website: https://www.bernlieb.com
Email: [email protected]

In the latest close session, Commvault Systems (CVLT - Free Report) was down 4.27% at $140.24. The stock trailed the S&P 500, which registered a daily loss of 0.14%. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq depreciated by 0.57%.

Coming into today, shares of the data-management software company had gained 16.98% in the past month. In that same time, the Computer and Technology sector lost 4.82%, while the S&P 500 gained 0.25%.

The investment community will be paying close attention to the earnings performance of Commvault Systems in its upcoming release. The company is slated to reveal its earnings on July 28, 2026. On that day, Commvault Systems is projected to report earnings of $1.18 per share, which would represent year-over-year growth of 16.83%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $311.03 million, up 10.3% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.22 per share and a revenue of $1.31 billion, indicating changes of +20% and +10.52%, respectively, from the former year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Commvault Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.88% higher. Currently, Commvault Systems is carrying a Zacks Rank of #3 (Hold).

Digging into valuation, Commvault Systems currently has a Forward P/E ratio of 28.05. This represents a premium compared to its industry average Forward P/E of 15.81.

The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

NEW YORK--(BUSINESS WIRE)---- $CVLT #CVLT--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Commvault Systems, Inc. (“Commvault” or the “Company”) (NASDAQ: CVLT) and reminds investors of the July 17, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The.

NEW YORK, July 17, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Commvault Systems, Inc. (NASDAQ: CVLT).

Shareholders who purchased shares of CVLT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/commvault-systems-inc-loss-submission-form/?id=194310&from=3

CLASS PERIOD: January 28, 2025 to January 26, 2026

ALLEGATIONS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Commvault’s ARR growth environment; pertinently, Commvault knew or recklessly disregarded that the Company’s ARR growth guidance failed to properly factor in crucial variables, such as the type of sale. On January 27, 2026, Commvault published third quarter 2026 fiscal results, which included ARR growth below the guidance provided by the Company. In particular, ARR growth for the third quarter 2026 was $39 million, which fell short of the $45 million projection provided. Following this news, the price of Commvault’s common stock declined dramatically. From a closing market price of $129.36 per share on January 26, 2026, Commvault’s stock price fell to $89.13 per share on January 27, 2026, a decline of over 31% in a single day.

DEADLINE: July 17, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/commvault-systems-inc-loss-submission-form/?id=194310&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CVLT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is July 17, 2026. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

New York, New York--(Newsfile Corp. - July 16, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Commvault Systems, Inc. (NASDAQ: CVLT) between January 28, 2025 and January 26, 2026, inclusive (the "Class Period"), of the important July 17, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Commvault securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Commvault class action, go to https://rosenlegal.com/cases/commvault-systems-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 17, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Commvault's competitive positioning was materially weaker than defendants had represented to investors; (2) due to the undisclosed increase in competition, Commvault was forced to make significant concessions on price and contract duration for its software licenses; (3) as these concessions became unsustainable, Software as a Service ("SaaS") became a larger portion of Commvault's sales mix; (4) in turn, the increasing mix of SaaS sales, which carry shorter term durations and lower average selling prices ("ASPs"), negatively impacted Commvault's margin and Net New ARR ("NNARR"); and (5) as a result, defendants' positive statements about Commvault's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Commvault class action, go to https://rosenlegal.com/cases/commvault-systems-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305507

Source: The Rosen Law Firm PA

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, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Commvault Systems, Inc. ("Commvault" or the "Company") (NASDAQ: CVLT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

The class action concerns whether Commvault and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

You have until July 17, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Commvault securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.   

[Click here for information about joining the class action]  

On January 27, 2026, Commvault reported its financial results for the third quarter of fiscal 2026 and revealed ARR growth below the Company's prior guidance.  In particular, ARR growth for the quarter was only $39 million, which fell short of the Company's $45 million guidance. 

On this news, Commvault's stock price fell $40.23 per share, or 31.1%, to close at $89.13 per share on January 27, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980 

SOURCE Pomerantz LLP