The Latest Breaking News from CVLT

The pandemic-induced digital transformation trend across industries and the increasing investment in cloud-based solutions bode well for the software industry. Furthermore, analysts expect software spending to increase significantly this year. Given this backdrop, we think small-cap software stocks Progress Software (PRGS), Rimini Street (RMNI), and Commvault Systems (CVLT), which look…

The tech industry is growing fast with significant investments in emerging technologies and digital transformation trends across sectors. However, this year's tech sell-off has led to several fundamentally sound stocks trading at low prices. Despite possessing solid financials, Commvault (CVLT), NetScout (NTCT), and AstroNova (ALOT) are trading at rock-bottom prices.…

The technology and software sectors have suffered major setbacks because of sell-offs amid U.S.-Russia-Ukraine tensions and worrisome forthcoming interest rate increases. However, given their solid long-term growth prospects, we think it could be wise to bet on cheap yet quality software stocks Commvault Systems (CVLT) and NetScout Systems (NTCT). Let’s…

CommVault Systems Inc (NASDAQ:CVLT) reported third-quarter FY22 revenue growth of 8% year-on-year to $202.4 million, beating the consensus of $195 million. Annualized recurring revenue (ARR) rose 11% Y/Y to $561.2 million as of December 31, 2021. Software and products revenue rose 11% Y/Y to $98.6 million, driven by a 24% increase in larger…