Shares of data backup provider Commvault (NASDAQ:CVLT)
jumped 16.1% in the morning session after the company reported first-quarter fiscal 2026 results that surpassed analyst expectations and raised its full-year revenue outlook. The data protection company posted revenue of $282 million, a 26% year-over-year increase that beat forecasts. Adjusted earnings came in at $1.01 per share, also ahead of estimates. The strong performance was driven by a significant shift to its subscription-based services. Subscription revenue surged 46% year-over-year, while its Software-as-a-Service (SaaS) offerings jumped 66%. This growth was also reflected in the company’s total Annualized Recurring Revenue (ARR), a key metric for future business, which climbed 24% to $996 million. Capping the positive report, Commvault provided an optimistic forecast for the second quarter and raised its revenue guidance for the full fiscal year.
Data backup provider Commvault (NASDAQ:CVLT) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 25.5% year on year to $282 million. Guidance for next quarter’s revenue was better than expected at $273 million at the midpoint, 0.7% above analysts’ estimates. Its non-GAAP profit of $1.01 per share was 4.1% above analysts’ consensus estimates.
Shares of data backup provider Commvault (NASDAQ:CVLT)
jumped 3.2% in the morning session after Guggenheim upgraded the firm's stock to "Buy" from "Neutral". The investment firm also set a price target of $210, the highest on Wall Street, suggesting a significant potential upside from its previous closing price. Guggenheim analyst Howard Ma cited positive channel checks and strong underlying demand for data protection as key reasons for the bullish turn. The analyst noted that Commvault's software-as-a-service (SaaS) offering is gaining traction and is a preferred choice for complex, hybrid enterprise IT environments. Guggenheim anticipates that Commvault will outperform on key financial metrics at the start of its fiscal year 2026, forecasting both revenue growth and free cash flow margins to exceed 20%. This positive sentiment was echoed by the majority of analysts covering the stock, with a consensus "Moderate Buy" rating.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at data storage stocks, starting with MongoDB (NASDAQ:MDB).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how DigitalOcean (NYSE:DOCN) and the rest of the data storage stocks fared in Q1.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages.
Just because a business is in the green today doesn’t mean it will thrive tomorrow.
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data storage industry, including Couchbase (NASDAQ:BASE) and its peers.
Looking back on data storage stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including Commvault Systems (NASDAQ:CVLT) and its peers.
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains.
This unpredictability can shake out even the most experienced investors.
Each stock in this article is trading near its 52-week high.
These elevated prices usually indicate some degree of investor confidence, business improvements, or favorable market conditions.
Great things are happening to the stocks in this article.
They’re all outperforming the market over the last month because of positive catalysts such as a new product line, constructive news flow, or even a loyal Reddit fanbase.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
