Latest news with #SanjayMirchandani
Yahoo
2 days ago
- Business
- Yahoo
Q1 Earnings Review: Data Storage Stocks Led by Commvault Systems (NASDAQ:CVLT)
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. Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video. The 5 data storage stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 3% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 7.1% on average since the latest earnings results. Originally formed in 1988 as part of Bell Labs, Commvault (NASDAQ: CVLT) provides enterprise software used for data backup and recovery, cloud and infrastructure management, retention, and compliance. Commvault Systems reported revenues of $275 million, up 23.2% year on year. This print exceeded analysts' expectations by 4.8%. Overall, it was a very strong quarter for the company with a solid beat of analysts' billings estimates and an impressive beat of analysts' EBITDA estimates. "It was a record-breaking year at Commvault," said Sanjay Mirchandani, President and CEO. Commvault Systems pulled off the biggest analyst estimates beat and highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 15.2% since reporting and currently trades at $190.99. Is now the time to buy Commvault Systems? Access our full analysis of the earnings results here, it's free. Started in 2007 by the team behind Google's ad platform, DoubleClick, MongoDB offers database-as-a-service that helps companies store large volumes of semi-structured data. MongoDB reported revenues of $549 million, up 21.9% year on year, outperforming analysts' expectations by 4.1%. The business had a very strong quarter with EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. The market seems happy with the results as the stock is up 8.4% since reporting. It currently trades at $216.65. Is now the time to buy MongoDB? Access our full analysis of the earnings results here, it's free. Started by brothers Ben and Moisey Uretsky, DigitalOcean (NYSE: DOCN) provides a simple, low-cost platform that allows developers and small and medium-sized businesses to host applications and data in the cloud. DigitalOcean reported revenues of $210.7 million, up 14.1% year on year, exceeding analysts' expectations by 1%. Still, it was a mixed quarter as it posted EPS guidance for next quarter missing analysts' expectations. DigitalOcean delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 11.5% since the results and currently trades at $28.98. Read our full analysis of DigitalOcean's results here. Formed in 2011 with the merger of Membase and CouchOne, Couchbase (NASDAQ:BASE) is a database-as-a-service platform that allows enterprises to store large volumes of semi-structured data. Couchbase reported revenues of $56.52 million, up 10.1% year on year. This number surpassed analysts' expectations by 1.7%. Aside from that, it was a satisfactory quarter as it also recorded an impressive beat of analysts' EBITDA estimates. Couchbase had the slowest revenue growth among its peers. The stock is up 5.6% since reporting and currently trades at $19.60. Read our full, actionable report on Couchbase here, it's free. Founded in 2013 by three French engineers who spent decades working for Oracle, Snowflake (NYSE:SNOW) provides a data warehouse-as-a-service in the cloud that allows companies to store large amounts of data and analyze it in real time. Snowflake reported revenues of $1.04 billion, up 25.7% year on year. This result topped analysts' expectations by 3.4%. More broadly, it was a satisfactory quarter as it also logged an impressive beat of analysts' EBITDA estimates but a miss of analysts' billings estimates. Snowflake achieved the fastest revenue growth among its peers. The company added 26 enterprise customers paying more than $1 million annually to reach a total of 606. The stock is up 17.7% since reporting and currently trades at $210.85. Read our full, actionable report on Snowflake here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
CVLT Q1 Earnings Call: Cloud Security and SaaS Upsell Drive Outperformance, Guidance Points to Sustained Growth
Data backup provider Commvault (NASDAQ:CVLT) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 23.2% year on year to $275 million. The company expects next quarter's revenue to be around $268 million, close to analysts' estimates. Its non-GAAP profit of $1.03 per share was 10.7% above analysts' consensus estimates. Is now the time to buy CVLT? Find out in our full research report (it's free). Revenue: $275 million vs analyst estimates of $262.4 million (23.2% year-on-year growth, 4.8% beat) Adjusted EPS: $1.03 vs analyst estimates of $0.93 (10.7% beat) Adjusted Operating Income: $59.1 million vs analyst estimates of $53.97 million (21.5% margin, 9.5% beat) Management's revenue guidance for the upcoming financial year 2026 is $1.14 billion at the midpoint, beating analyst estimates by 2.8% and implying 14% growth (vs 18.4% in FY2025) Operating Margin: 9.7%, up from 8.1% in the same quarter last year Free Cash Flow Margin: 27.7%, up from 11.4% in the previous quarter Annual Recurring Revenue: $930.1 million at quarter end, up 20.8% year on year Billings: $313 million at quarter end, up 28% year on year Market Capitalization: $7.77 billion Commvault's first quarter results exceeded Wall Street expectations, as management credited strong customer demand for cyber resilience and rapid adoption of its SaaS-based data protection offerings. CEO Sanjay Mirchandani attributed the quarter's momentum to growing concerns around ransomware and compliance, with products like Active Directory Recovery and Clean Room winning large enterprise customers and driving higher subscription revenue. He noted, "Organizations are increasingly turning to Commvault to keep their business continuous," highlighting recent wins in regulated industries and cloud-first environments. For its forward-looking guidance, leadership emphasized continued investment in product expansion and cloud integrations to capture what it sees as a $24 billion market opportunity. CFO Jen DiRico explained the company's margin outlook and investment strategy as a balance between maintaining profitability and accelerating growth, stating that Commvault will "continue to invest behind the opportunity while also being thoughtful around our overall profitability." Management is monitoring macroeconomic conditions, but remains confident that demand for cyber resilience and cloud security will drive double-digit growth for the year. Commvault's management focused on customer adoption of its cyber resilience platform, product innovation, and expanding partner relationships as the main contributors to the quarter's results and outlook. Cyber resilience demand: Growing threats like ransomware and stricter regulations are making cyber resilience a top priority for customers, especially in financial services and healthcare. Commvault's solutions were cited in wins with major banks and multinational corporations seeking to consolidate and simplify their data protection. Product innovation and launches: The company introduced new capabilities, such as Active Directory forest-level recovery and Cloud Rewind, enabling faster recovery from cyberattacks and cloud data loss. Management highlighted the importance of these features for recovering critical business operations quickly, particularly as enterprises adopt more AI-driven workloads. SaaS and subscription momentum: Commvault's SaaS offerings—especially Active Directory, Clean Room, and Threat Scan—drove a significant share of new and upsell business. Subscription annual recurring revenue (ARR) grew sharply, and roughly 30% of SaaS customers now use multiple products, supporting management's cross-sell strategy. Partner ecosystem expansion: Collaborations with technology and cloud partners like AWS, Hitachi, and HPE accelerated international growth and enabled Commvault to win business by supporting compliance requirements such as GDPR and DORA. Marketplace transactions increased notably year over year. Hybrid and cloud-first strategy: Management emphasized Commvault's ability to deliver both on-premise and cloud-native protection, giving enterprises flexibility. Investments in hybrid and multi-cloud architecture were presented as competitive differentiators, helping to win customers migrating complex workloads to the cloud. Management's outlook for the coming quarters centers on sustained demand for cyber resilience solutions, continued product innovation, and prudent investment in growth initiatives. Cloud and cyber security tailwinds: The ongoing rise in cyberattacks, stricter compliance mandates, and enterprise adoption of hybrid and multi-cloud environments are expected to fuel continued demand for Commvault's offerings. Expansion of multiproduct adoption: Management aims to increase the percentage of SaaS customers using multiple offerings, leveraging cross-sell and upsell opportunities with newer modules like Threat Scan and Clean Room, which they believe will drive higher net retention. Balanced investment approach: While targeting double-digit revenue growth, Commvault plans to maintain margins through disciplined investment in R&D, sales, and partner enablement. Management noted the different margin profile of SaaS offerings and intends to balance growth with profitability. Eric Heath (KeyBanc Capital Markets): Asked how macroeconomic uncertainty is affecting customer demand and sales cycles; management replied that cyber resilience remains a priority and that no significant changes in customer buying patterns have emerged. Eric Heath (KeyBanc Capital Markets): Sought clarity on operating margin outlook and investment strategy; CFO Jen DiRico explained the flat margin guidance as a balance between seizing growth opportunities and maintaining profitability. Aaron Rakers (Wells Fargo): Requested detail on the integration and contribution of recent acquisitions; management emphasized that acquired products are now fully integrated and provide unique capabilities, especially for cloud-scale data recovery. Aaron Rakers (Wells Fargo): Inquired about progress in multiproduct SaaS adoption; leadership stated that the absolute number of customers using multiple products is rising, with net dollar retention remaining high. Param Singh (Oppenheimer): Asked about changes in the competitive landscape following industry consolidation; management responded that Commvault's focus on resilience and hybrid architecture is driving share gains, particularly in high-growth SaaS segments. Looking ahead, the StockStory team will be monitoring (1) the pace at which Commvault expands multiproduct adoption among SaaS customers, (2) the impact of new product launches and integrations on customer wins in regulated and international markets, and (3) the company's ability to sustain high net retention and ARR growth as the competitive landscape evolves. Execution on cross-sell initiatives and continued partner ecosystem expansion will also serve as key indicators of future performance. Commvault Systems currently trades at a forward price-to-sales ratio of 7×. At this valuation, is it a buy or sell post earnings? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
Yahoo
29-04-2025
- Business
- Yahoo
Commvault Systems (NASDAQ:CVLT) Reports Bullish Q1, Stock Soars
Data backup provider Commvault (NASDAQ:CVLT) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 23.2% year on year to $275 million. Guidance for next quarter's revenue was better than expected at $268 million at the midpoint, 1.8% above analysts' estimates. Its non-GAAP profit of $1.03 per share was 11% above analysts' consensus estimates. Is now the time to buy Commvault Systems? Find out in our full research report. Revenue: $275 million vs analyst estimates of $262.4 million (23.2% year-on-year growth, 4.8% beat) Adjusted EPS: $1.03 vs analyst estimates of $0.93 (11% beat) Adjusted Operating Income: $59.1 million vs analyst estimates of $53.97 million (21.5% margin, 9.5% beat) Management's revenue guidance for the upcoming financial year 2026 is $1.14 billion at the midpoint, beating analyst estimates by 2.8% and implying 14% growth (vs 18.4% in FY2025) Operating Margin: 0%, down from 8.1% in the same quarter last year Free Cash Flow Margin: 27.7%, up from 11.4% in the previous quarter Annual Recurring Revenue: $930.1 million at quarter end, up 20.8% year on year Billings: $304.8 million at quarter end, up 24.7% year on year Market Capitalization: $7.30 billion "It was a record-breaking year at Commvault," said Sanjay Mirchandani, President and CEO. Originally formed in 1988 as part of Bell Labs, Commvault (NASDAQ: CVLT) provides enterprise software used for data backup and recovery, cloud and infrastructure management, retention, and compliance. A company's long-term sales performance can indicate its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Unfortunately, Commvault Systems's 9% annualized revenue growth over the last three years was sluggish. This wasn't a great result compared to the rest of the software sector, but there are still things to like about Commvault Systems. This quarter, Commvault Systems reported robust year-on-year revenue growth of 23.2%, and its $275 million of revenue topped Wall Street estimates by 4.8%. Company management is currently guiding for a 19.3% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 11.1% over the next 12 months, an acceleration versus the last three years. This projection is above average for the sector and implies its newer products and services will fuel better top-line performance. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. While reported revenue for a software company can include low-margin items like implementation fees, annual recurring revenue (ARR) is a sum of the next 12 months of contracted revenue purely from software subscriptions, or the high-margin, predictable revenue streams that make SaaS businesses so valuable. Commvault Systems's ARR punched in at $930.1 million in Q1, and over the last four quarters, its growth was impressive as it averaged 19% year-on-year increases. This performance aligned with its total sales growth and shows that customers are willing to take multi-year bets on the company's technology. Its growth also makes Commvault Systems a more predictable business, a tailwind for its valuation as investors typically prefer businesses with recurring revenue. The customer acquisition cost (CAC) payback period measures the months a company needs to recoup the money spent on acquiring a new customer. This metric helps assess how quickly a business can break even on its sales and marketing investments. It's relatively expensive for Commvault Systems to acquire new customers as its CAC payback period checked in at 84.3 months this quarter. The company's slow recovery of its sales and marketing expenses indicates it operates in a highly competitive market and must invest to stand out, even if the return on that investment is low. We were impressed by how significantly Commvault Systems blew past analysts' billings, revenue, EPS, and adjusted operating income expectations this quarter. We were also happy its full-year revenue guidance topped Wall Street's estimates. Overall, we think this was a solid quarter. The stock traded up 5.7% to $175.13 immediately after reporting. Commvault Systems may have had a good quarter, but does that mean you should invest right now? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free.
Associated Press
29-04-2025
- Business
- Associated Press
Commvault Announces Fiscal 2025 Fourth Quarter Financial Results
TINTON FALLS, N.J., April 29, 2025 /PRNewswire/ -- Commvault [Nasdaq: CVLT] today announced its financial results for the fourth quarter and fiscal year ended March 31, 2025. 'It was a record-breaking year at Commvault,' said Sanjay Mirchandani, President and CEO. 'Commvault surpassed all key metrics, ended the year with over 12,000 subscription customers, and is firmly positioned as a growth company with subscription revenue up 45% in Q4. We continue to deliver cloud-first innovations that solve a hard problem for customers – strengthening their cyber resilience.' Notes are contained at the end of this Press Release. Fiscal 2025 Fourth Quarter Highlights - Fiscal 2025 Full Year Highlights - Financial Outlook for First Quarter and Full Year Fiscal 20263 - We are providing the following guidance for the first quarter of fiscal year 2026, based on current macroeconomic conditions: We are providing the following guidance for the full fiscal year 2026, based on current macroeconomic conditions: The above statements are based on current targets using exchange rates as of March 31, 2025. 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, April 29, 2025 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 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 the gold standard in cyber resilience, helping more than 100,000 organizations keep data safe and businesses resilient and moving forward. Today, Commvault offers the only cyber resilience platform that combines the best data security and rapid recovery at enterprise scale across any workload, anywhere—at the lowest TCO. 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 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. Revenue Overview ($ in thousands) Constant Currency ($ 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. Revenues by Geography ($ in thousands) Our Americas region includes the United States, Canada, and Latin America. Our International region primarily includes Europe, Middle East, Africa, Australia, India, Southeast Asia, and China. Total ARR, Subscription ARR and SaaS ARR2 ($ in thousands) For the three months ended March 31, 2025 - Income from Operations (EBIT) GAAP and Non-GAAP Net Income1 Cash Summary and Share Repurchases For the year ended March 31, 2025 - Income from Operations (EBIT) GAAP and Non-GAAP Net Income1 Cash Summary and Share Repurchases Use of Non-GAAP Financial Measures Commvault has provided in this press release the following non-GAAP financial measures: non-GAAP income from operations (EBIT), non-GAAP income from operations margin, non-GAAP gross margin, non-GAAP net income, non-GAAP diluted earnings per share, non-GAAP free cash flow, annualized recurring revenue (ARR), subscription ARR and SaaS ARR. 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. 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. 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 income from operations and non-GAAP income from operations 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 exercise in-the-money stock options or vest in restricted stock awards. Commvault has also excluded restructuring costs, noncash amortization of intangible assets, litigation settlement, business combination costs, noncash impairment charges, changes in the estimated fair value of contingent consideration, and a gain related to a non-refundable escrow payment associated with assets held for sale from its non-GAAP results. These expenses are further discussed in Table IV. 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 stock option exercises and 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 income from operations and non-GAAP income from operations 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): The table above excludes stock-based compensation expense related to the Company's restructuring activities described below in Note 6. 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 gross margin. Commvault defines this non-GAAP financial measure as GAAP gross margin adjusted to exclude cost of revenues related to noncash stock-based compensation. Non-GAAP net income and non-GAAP diluted earnings per share (EPS). In addition to the adjustments discussed in non-GAAP income from operations, non-GAAP net income and non-GAAP diluted EPS incorporates a non-GAAP effective tax rate of 24%. Beginning in fiscal 2025, Commvault lowered its estimated non-GAAP effective tax rate from 27% to 24%. Commvault believes that a 24% rate more closely aligns with its effective tax rate expectations over the next few years. 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 income from operations and non-GAAP income from operations 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 certain forward-looking non-GAAP metrics. Commvault cannot provide a reconciliation to the comparable GAAP metric without unreasonable efforts, as certain financial information, the probable significance of which may be material, is not available and cannot be reasonably estimated. Notes View original content to download multimedia: SOURCE COMMVAULT
Yahoo
18-04-2025
- Business
- Yahoo
Data Storage Q4 Earnings: Commvault Systems (NASDAQ:CVLT) Simply the Best
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let's have a look at Commvault Systems (NASDAQ:CVLT) and its peers. Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video. The 5 data storage stocks we track reported a strong Q4. As a group, revenues beat analysts' consensus estimates by 4.2% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 18.7% since the latest earnings results. Originally formed in 1988 as part of Bell Labs, Commvault (NASDAQ: CVLT) provides enterprise software used for data backup and recovery, cloud and infrastructure management, retention, and compliance. Commvault Systems reported revenues of $262.6 million, up 21.1% year on year. This print exceeded analysts' expectations by 6.9%. Overall, it was a very strong quarter for the company with an impressive beat of analysts' billings estimates and a solid beat of analysts' EBITDA estimates. "Once again, Commvault has delivered a record-breaking quarter with accelerating revenue growth," said Sanjay Mirchandani, President and CEO, Commvault. Commvault Systems scored the biggest analyst estimates beat and highest full-year guidance raise of the whole group. Investor expectations, however, were likely higher than Wall Street's published projections, leaving some wishing for even better results (analysts' consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 5.5% since reporting and currently trades at $149.74. Is now the time to buy Commvault Systems? Access our full analysis of the earnings results here, it's free. Started by brothers Ben and Moisey Uretsky, DigitalOcean (NYSE: DOCN) provides a simple, low-cost platform that allows developers and small and medium-sized businesses to host applications and data in the cloud. DigitalOcean reported revenues of $204.9 million, up 13.3% year on year, outperforming analysts' expectations by 2%. The business had a strong quarter with a solid beat of analysts' EBITDA estimates and full-year EPS guidance exceeding analysts' expectations. The stock is down 26.1% since reporting. It currently trades at $27.50. Is now the time to buy DigitalOcean? Access our full analysis of the earnings results here, it's free. Started in 2007 by the team behind Google's ad platform, DoubleClick, MongoDB offers database-as-a-service that helps companies store large volumes of semi-structured data. MongoDB reported revenues of $548.4 million, up 19.7% year on year, exceeding analysts' expectations by 5.6%. Still, it was a mixed quarter as it posted full-year EPS guidance missing analysts' expectations. As expected, the stock is down 39.7% since the results and currently trades at $159.55. Read our full analysis of MongoDB's results here. Formed in 2011 with the merger of Membase and CouchOne, Couchbase (NASDAQ:BASE) is a database-as-a-service platform that allows enterprises to store large volumes of semi-structured data. Couchbase reported revenues of $54.92 million, up 9.6% year on year. This print surpassed analysts' expectations by 3.1%. Taking a step back, it was a satisfactory quarter as it also logged a solid beat of analysts' billings estimates but full-year guidance of slowing revenue growth. Couchbase had the slowest revenue growth and weakest full-year guidance update among its peers. The stock is down 8.4% since reporting and currently trades at $14.89. Read our full, actionable report on Couchbase here, it's free. Founded in 2013 by three French engineers who spent decades working for Oracle, Snowflake (NYSE:SNOW) provides a data warehouse-as-a-service in the cloud that allows companies to store large amounts of data and analyze it in real time. Snowflake reported revenues of $986.8 million, up 27.4% year on year. This result beat analysts' expectations by 3%. Aside from that, it was a satisfactory quarter as it also produced an impressive beat of analysts' EBITDA estimates but a miss of analysts' billings estimates. Snowflake pulled off the fastest revenue growth among its peers. The company added 38 enterprise customers paying more than $1 million annually to reach a total of 580. The stock is down 13.5% since reporting and currently trades at $143.66. Read our full, actionable report on Snowflake here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
