Commvault Posts $29.1M Second-Quarter Net Income
CVLT has more than doubled off its 52-week low of $71.75 on elevated volume (3.1× avg).
Summary
Commvault reported second-quarter net income of $29.1M, with EPS of 69c and adjusted EPS of $1.38, on revenue of $312.4M. Subscription revenue rose 21% to $269M, and the company now sees FY27 free cash flow of $255M-$265M. The prior quarter's beat (subscription revenue up 16% to $267M, SaaS up 39% to $100.6M in Q1 FY27) gives a comparison point for the growth. With the stock near a 52-week high at $170.31, expectations are elevated and the market will judge whether growth held.
At the time of this announcement, CVLT was trading at $170.31 on NASDAQ in the Technology sector, with a market capitalization of approximately $7B. The 52-week trading range was $71.75 to $175.03. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.