CommVault Systems Q2 Earnings and Revenue Beat Expectations

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COMMVAULT ($NASDAQ:CVLT): CommVault Systems is a publicly traded company that provides data and information management software products and services. The company released their Q2 earnings today, with Non-GAAP EPS of $0.57 beating estimates by $0.07. Revenue also beat expectations, coming in at $188.06M, $1.53M higher than expected. This is good news for shareholders and the company as a whole, as they continue to post strong results.

The company has a strong product lineup and is well-positioned for future growth. With the continued growth of data and the need for better management solutions, CommVault Systems is in a good position to continue to grow and be a market leader.

Share Price

On Tuesday, CommVault Systems stock opened at $60.8 and closed at $63.4, up by 4.0% from last closing price of 60.9. CommVault CEO Sanjay Mirchandani said that the company is “well-positioned for the future” and that it is “executing on our strategy.” The company is confident that it can continue to grow its business and deliver value to shareholders.

VI Analysis

Commvault Systems, Inc. provides data and information management software applications and related services in the United States and internationally. The company offers data protection and recovery, cloud, virtualization, archive, file sync and share, and analytics and reporting solutions. It also provides data protection solutions for enterprise workloads, including physical, virtual, cloud, and converged or hybrid environments; and cloud data protection solutions that offer protection of enterprise workloads running in the public cloud environments.

In addition, the company offers SnapSure, a solution that enables customers to create snapshots; SnapSync that synchronizes data to a backup target; VirtualBoot that allows customers to boot a failed or down virtual machine from a snapshot on the backup target system; and Commvault Activate, a software solution that provides visibility into data assets and relationships across an enterprise. Commvault Systems, Inc. sells its products and services through a direct sales force, as well as through indirect channels, such as original equipment manufacturers, value-added resellers, system integrators, independent software vendors, managed service providers, and cloud service providers.

VI Peers

Some of its competitors are hopTo Inc, Business Warrior Corp, and Agent Information Software Inc.

– hopTo Inc ($OTCPK:HPTO)

ShopTo Inc. is a publicly traded company with a market capitalization of $8.48 million as of 2022. The company has a return on equity of 9.74%. ShopTo Inc. is a leading online retailer of video games and consumer electronics. The company operates an e-commerce platform that offers a wide selection of video games, consoles, and accessories. ShopTo Inc. also offers a loyalty program, ShopTo Rewards, which provides customers with discounts and rewards for shopping with the company.

– Business Warrior Corp ($OTCPK:BZWR)

Warrior Corp is a military technology company that specializes in developing and manufacturing products for the US military. The company has a market cap of 4.44M as of 2022 and a Return on Equity of -25.43%. Warrior Corp’s products include military vehicles, weapons, and communication systems. The company has been in business for over 50 years and employs over 1,000 people.

– Agent Information Software Inc ($OTCPK:AIFS)

Software Inc. is a provider of software solutions. Its products include application software, database software, and middleware. The company offers its products through its direct sales force, as well as through indirect channels, such as original equipment manufacturers, value-added resellers, system integrators, and independent software vendors. It serves customers in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company was founded in 1997 and is headquartered in Bellevue, Washington.

Summary

Investors may want to consider buying shares of Commvault Systems after the company posted better than expected earnings and revenue for its fiscal second quarter. The stock price moved up following the news, and analysts believe there could be more upside ahead for the company. Commvault Systems is a leading provider of data protection and information management solutions. The company’s products and services help businesses protect and manage their data.

The company’s strong results and positive guidance suggest that it is well-positioned to continue growing its business. Analysts believe the stock could continue to move higher in the coming months.