Stock Track | CommVault Stock Soars on Q2 Beat and Raised Outlook

Stock Track

Oct 29, 2024

CommVault Systems Inc. (CVLT) saw its stock surge over 12% in pre-market trading on Monday, October 29th, after the data backup and recovery company reported strong fiscal second-quarter results and raised its full-year revenue guidance.

For the quarter ended September 30th, CommVault posted adjusted earnings per share of $0.83, beating analysts' estimates of $0.76. Revenue came in at $233.3 million, surpassing expectations of $220.8 million and representing a 16% year-over-year increase.

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. CommVault's recent acquisition of Clumio, a data protection firm specializing in Amazon Web Services infrastructure, also contributed to the strong results.

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(CVLT) saw its stock surge over 12% in pre-market trading on Monday, October 29th, after the data backup and recovery company reported strong fiscal second-quarter results 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, beating analysts' estimates of $0.76. Revenue came in at $233.3 million, surpassing expectations of $220.8 million and representing a 16% year-over-year increase.</p>\n\n<p>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. CommVault's recent acquisition of Clumio, a data protection firm specializing in Amazon Web Services infrastructure, also contributed to the strong results.</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":"1130404719","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130404719","pubTimestamp":1730205381,"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 12% in pre-market trading on Monday, October 29th, after the data backup and recovery company reported strong fiscal second-quarter results and raised its full-year revenue guidance.For the quarter ended September 30th, CommVault posted adjusted earnings per share of $0.83, beating analysts' estimates of $0.76. Revenue came in at $233.3 million, surpassing expectations of $220.8 million and representing a 16% year-over-year increase.The company at","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CVLT":"康沃系统"},"translate_title":"股票跟踪CommVault股价因第二季度业绩飙升并上调前景","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVLT":1},"content_text":"CommVault Systems Inc. (CVLT) saw its stock surge over 12% in pre-market trading on Monday, October 29th, after the data backup and recovery company reported strong fiscal second-quarter results and raised its full-year revenue guidance.\nFor the quarter ended September 30th, CommVault posted adjusted earnings per share of $0.83, beating analysts' estimates of $0.76. 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