Stock Track | CommVault Stock Soars 14% on Strong Q2 Results, Raised Outlook

Stock Track

Oct 29, 2024

CommVault Systems Inc. (CVLT) saw its stock surge over 14% on Monday, October 29th, as the data backup and recovery company reported robust fiscal second-quarter results that beat Wall Street's expectations and raised its full-year revenue guidance.

For the quarter ended September 30th, CommVault posted adjusted earnings per share of $0.83, surpassing analysts' estimates of $0.76. Revenue climbed 16% year-over-year to $233.3 million, exceeding expectations of $220.8 million. The company attributed its solid performance to higher demand for its data protection services amidst an evolving cyber landscape, where customers are increasingly focused on recovery and resilience capabilities.

Building on the strong quarterly results, CommVault raised its fiscal 2025 revenue outlook to a range of $952 million to $957 million, up from its previous guidance of $915 million to $925 million. The company's acquisition of Clumio, a data protection firm specializing in Amazon Web Services infrastructure, also contributed to the strong performance and improved outlook.

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(CVLT) saw its stock surge over 14% on Monday, October 29th, as the data backup and recovery company reported robust fiscal second-quarter results that beat Wall Street's expectations and raised its full-year revenue guidance.</p>\n\n<p>For the quarter ended September 30th, CommVault posted adjusted earnings per share of $0.83, surpassing analysts' estimates of $0.76. Revenue climbed 16% year-over-year to $233.3 million, exceeding expectations of $220.8 million. The company attributed its solid performance to higher demand for its data protection services amidst an evolving cyber landscape, where customers are increasingly focused on recovery and resilience capabilities.</p>\n\n<p>Building on the strong quarterly results, CommVault raised its fiscal 2025 revenue outlook to a range of $952 million to $957 million, up from its previous guidance of $915 million to $925 million. The company's acquisition of Clumio, a data protection firm specializing in Amazon Web Services infrastructure, also contributed to the strong performance and improved outlook.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CVLT","symbol_name":"康沃系统","start_time":0,"source_url":"","article_id":"1112898970","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112898970","pubTimestamp":1730209874,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CommVault Systems Inc.  saw its stock surge over 14% on Monday, October 29th, as the data backup and recovery company reported robust fiscal second-quarter results that beat Wall Street's expectations and raised its full-year revenue guidance.For the quarter ended September 30th, CommVault posted adjusted earnings per share of $0.83, surpassing analysts' estimates of $0.76. 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