Commvault Systems, Inc. (CVLT) Stock Price & Analysis
Commvault Systems, Inc. (CVLT) is trading at USD 168.6, up 0.47% today, as of October 23, 2026 at 14:20 UTC (US market open; quotes may be delayed), according to Nexqual market data.
CVLT last closed at USD 167.81; today's session has ranged USD 165.76–169.78 on volume of 52,787 shares. Market capitalization is $6.99B, with a 52-week range of USD 71.75–175.03 (NMS). Source: Nexqual, retrieved October 23, 2026 at 14:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CVLT.md
Key facts (CVLT)
- Last four reported quarters (through Jun 30, 2026): revenue $1.22B, net income $68.3M (5.6% margin), free cash flow $258M (SEC filings).
- Valuation: P/E 102.3x (avg 56.7x at the last 3 fiscal year-ends), EV/EBITDA 83.6x, net cash $47.9M.
- 1 of 80 tracked superinvestors hold CVLT (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.42 on a 1–5 scale) (19 analysts), mean target USD 164.08 (range 130–200).
- Total return with dividends: 1Y +0.3% vs S&P 500 +14.4%; 5Y +174.1% vs S&P 500 +77.0%.
- Next earnings: 2026-10-27, EPS estimate USD 1.24, revenue estimate $310M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CVLT)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $770M | $785M | $839M | $996M | $1.18B | $1.22B |
| Gross profit | $656M | $649M | $688M | $817M | $961M | — |
| Operating income | $41.6M | -$15.9M | $75.4M | $73.7M | $74.0M | $74.6M |
| Net income | $33.6M | -$35.8M | $169M | $76.1M | $70.7M | $68.3M |
| EPS (diluted) | $0.71 | -$0.80 | $3.75 | $1.68 | $1.58 | — |
| Free cash flow | $173M | $167M | $200M | $204M | $237M | $258M |
| Gross margin | 85.2% | 82.7% | 81.9% | 82.0% | 81.2% | — |
| Operating margin | 5.4% | -2.0% | 9.0% | 7.4% | 6.3% | 6.1% |
| Net margin | 4.4% | -4.6% | 20.1% | 7.6% | 6.0% | 5.6% |
| Revenue growth | +6.4% | +1.9% | +7.0% | +18.6% | +18.9% | — |
| Cash + short-term investments | — | — | $313M | $302M | $900M | — |
| Total debt | — | — | — | $0K | $881M | — |
Fiscal years end Mar. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CVLT)
P/E 102.3x · P/S 5.8x · EV/EBITDA 83.6x · EV/Sales 5.7x · P/FCF 27.0x · P/B 134.2x · FCF yield 3.70% · Earnings yield 0.98% · Buyback yield (TTM) 6.31% · Net cash $47.9M · EV $6.94B
P/E at fiscal year-ends: Mar 2026 49.2x, Mar 2025 93.7x, Mar 2024 27.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (CVLT)
1 of 80 tracked investors hold CVLT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | <0.01% | $474K | New position |
Analysts (CVLT)
Consensus Buy (mean 2.42 on a 1–5 scale), 19 analysts; mean target USD 164.08 (low 130, high 200).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Mizuho | Target raised | Outperform | $175 → $185 |
| 2026-10-12 | RBC Capital | Target raised | Sector Perform | $150 → $160 |
| 2026-10-05 | Scotiabank | Target raised | Sector Perform | $130 → $160 |
| 2026-07-21 | Truist Securities | Target raised | Buy | $155 → $182 |
| 2026-07-17 | Oppenheimer | Target raised | Outperform | $150 → $175 |
| 2026-07-16 | Keybanc | Target raised | Overweight | $125 → $175 |
| 2026-07-15 | Mizuho | Target raised | Outperform | $140 → $175 |
Total return (dividends reinvested) (CVLT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +0.3% | +174.1% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +0.3% | +22.4% |
| Volatility (annualized) | 63.3% | 41.6% |
| Max drawdown | -56.8% (Oct 2025→Mar 2026) | -60.9% (Sep 2025→Mar 2026) |
CVLT revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total subscription | $267.0M | 85.0% | +16.4% |
| — Term-based software licenses (part of Total subscription) | $110.4M | 35.2% | +1.0% |
| — Software-as-a-service (part of Total subscription) | $100.5M | 32.0% | +38.8% |
| — Term-based support (part of Total subscription) | $56.1M | 17.8% | +17.8% |
| Perpetual support | $25.5M | 8.1% | -19.0% |
| Other services | $12.9M | 4.1% | -6.9% |
| Perpetual license | $8.7M | 2.8% | +18.5% |
| Total revenue | $314.1M | 100% | — |
CVLT revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $186.8M | 59.5% | +9.3% |
| United States | $171.3M | 54.5% | +9.2% |
| Other | $142.9M | 45.5% | +14.2% |
| International | $127.4M | 40.5% | +14.7% |
| Total revenue | $314.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CVLT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Microsoft (MSFT) | “We rely on Microsoft's products and services, including Azure, and other third parties to support certain of our products, services, customers, and business operations.” |
| Customer | Amazon (AMZN) | “Commvault's Clumio Backtrack enables customers to revert cloud objects and datasets to a prior point in time, with support for Amazon S3, Amazon DynamoDB, and Google Cloud Storage.” |
| Customer | Alphabet (Google) (GOOGL) | “Commvault's Clumio Backtrack enables customers to revert cloud objects and datasets to a prior point in time, with support for Amazon S3, Amazon DynamoDB, and Google Cloud Storage.” |
Quoted from the company's 10-K filed May 11, 2026.
CVLT customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (32%, 11%) of revenue, per the company's 10-Q filed Jul 29, 2026. The company does not name them.
CVLT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.24 | $1.15 | +7.5% | $310.3M | 18 |
| Next quarter (ends Dec 2026) | $1.38 | $1.42 | -2.7% | $338.8M | 18 |
| Current fiscal year (ends Mar 2027) | $5.46 | $5.22 | +4.7% | $1.31B | 19 |
| Next fiscal year (ends Mar 2028) | $6.20 | $6.02 | +3.0% | $1.45B | 19 |
CVLT options: expected move
Options price a move of about ±14.9% (±$25.25) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±16.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 67.2% | ±14.9% |
| Dec 18, 2026 | 56 | 56.0% | ±17.5% |
| Jan 15, 2027 | 84 | 52.4% | ±20.0% |
| Mar 19, 2027 | 147 | 51.8% | ±26.1% |
| Apr 16, 2027 | 175 | 50.2% | ±27.5% |
| Jun 17, 2027 | 237 | 49.8% | ±31.7% |
30-day implied volatility 65.6% vs 43.7% realized over the last 30 trading days. Put/call ratio (volume) 22. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 14:21 UTC)
| Price | USD 168.6 |
|---|---|
| Change | ▲ 0.47% (up) |
| Previous Close | USD 167.81 |
| Open | USD 167.81 |
| Day Range | USD 165.76 – 169.78 |
| 52-Week Range | USD 71.75 – 175.03 |
| Volume | 52,787 shares |
| Market Cap | $6.99B |
| Exchange | NMS |
Technical Analysis (CVLT)
Nexqual's technical model rates CVLT "BUY" based on 5 bullish and 2 bearish signals across 128 daily candles, as of October 23, 2026 at 14:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 67.97 (neutral) |
| vs SMA50 | Above (USD 145.25) |
| MACD | 5.24 (positive) |
Analyst Ratings (CVLT)
Wall Street analysts rate CVLT "Buy" based on 19 analysts, with a mean price target of USD 164.08 (range USD 130–200), per Nexqual as of October 23, 2026 at 14:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 19 |
| Mean Target | USD 164.08 |
| High Target | USD 200 |
| Low Target | USD 130 |
| Buy / Hold / Sell | 11 / 8 / 0 |
Earnings (CVLT)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 1.24 |
| Revenue Estimate | $310.28M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.42 vs est 1.16 ▲ beat |
| 2026-03-31 | USD 1.28 vs est 1.09 ▲ beat |
| 2025-12-31 | USD 1.17 vs est 0.98 ▲ beat |
| 2025-09-30 | USD 0.91 vs est 0.94 ▼ miss |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Financials & Fundamentals (CVLT)
| Total Revenue | $1.22B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.40% |
| Gross Margin | +81.09% |
| Operating Margin | +8.95% |
| Profit Margin | +5.62% |
| ROE | +32.77% |
| Debt / Equity | 17.63 |
| Current Ratio | 2.04 |
| Total Cash | $929.84M |
| Total Debt | $917.65M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $258.45M (21.3% of revenue) |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Financial Health Score (CVLT)
Nexqual rates Commvault Systems, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 14:21 UTC.
| Growth | Strong — Revenue +19% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 81%, operating 9% (last 12 months) |
| Balance Sheet | Weak — $930M cash and investments vs $882M debt (Jun 2026, SEC), net cash |
| Cash Flow | Strong — FCF $258M (last 4 quarters to Jun 2026, SEC), 21% margin |
| Efficiency | Strong — ROE 33%, ROA 4.6% |
Ownership (CVLT)
| Insider Ownership | +0.89% |
|---|---|
| Institutional Ownership | +110.56% |
| Shares Outstanding | 41.44M |
| Float | 40.88M |
| Short % of Float | +9.77% |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Leadership (CVLT)
Commvault Systems, Inc. is led by Sanjay Mirchandani, President, CEO & Director, per Nexqual as of October 23, 2026 at 14:21 UTC.
| President, CEO & Director | Sanjay Mirchandani |
|---|---|
| Chief Financial Officer | Gary Merrill |
| President of Customer & Field Operations | William Geoffrey Haydon |
| Chief Technology & AI Officer | Pranay Ahlawat |
| Chief Marketing Officer | Anna Griffin |
Major Backers & Investors (CVLT)
Notable institutional backers of Commvault Systems, Inc. include AQR Capital Management, LLC, Ameriprise Financial, Inc., Acadian Asset Management. LLC, according to Nexqual as of October 23, 2026 at 14:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| AQR Capital Management, LLC | 4.43% |
| Ameriprise Financial, Inc. | 4.2% |
| Acadian Asset Management. LLC | 2.94% |
| Pictet Asset Management Holding SA | 2.9% |
| JPMorgan | 2.72% |
| First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF | 2.41% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.56% |
| Vanguard Group | 13.27% |
| State Street | 4.06% |
| Geode Capital | 2.96% |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
From Commvault Systems, Inc.'s Latest SEC 10-K Filing (filed 2026-05-11)
Key Strengths & Strategy (as disclosed to the SEC)
- Commvault delivers its solutions through Commvault Cloud, a cloud‑native platform that unifies data security, cyber recovery, and identity resilience across on‑premise, hybrid, multi‑cloud, and software‑as‑a‑service ("SaaS") environments.
- Commvault Cloud supports deployment as customer‑managed software, SaaS‑delivered solutions, or a hybrid of the two, allowing customers to select the deployment model that best fits their operational, regulatory, and security requirements.
- Commvault's Clumio Backtrack enables customers to revert cloud objects and datasets to a prior point in time, with support for Amazon S3, Amazon DynamoDB, and Google Cloud Storage.
- We offer various Customer Success options for our software and SaaS customers, including Enterprise Success Program ("ESP") offerings.
Legal & Regulatory Risks (Item 1A, quoted)
- We have been, and may in the future become, involved in litigation that may have a material adverse effect on our business.
- We are subject to numerous and evolving privacy and data protection laws and regulations, and our actual or perceived failure to comply with such laws and regulations could adversely affect our business.
- Our customers expect us to demonstrate compliance with applicable data privacy laws and further make contractual commitments and implement processes to enable them to comply with their own obligations under data privacy laws, and our actual or perceived inability to do so may adversely impact sales of our solutions, particularly to customers in highly regulated industries.
- Changes in tax laws, regulations, or interpretations, and the inherent difficulty in projecting our effective tax rate, could materially adversely affect our business, results of operations, financial condition, and cash flows.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RNG | Ringcentral, Inc. | USD 85.22 | ▲ 7.3% |
| APPF | AppFolio, Inc. | USD 205.64 | ▼ 5.38% |
| DSGX | The Descartes Systems Group Inc | USD 93.35 | ▼ 0.69% |
| TTAN | ServiceTitan, Inc. | USD 86.25 | ▲ 1.23% |
| IDCC | InterDigital, Inc. | USD 327.2 | ▼ 1.46% |
| YMM | Full Truck Alliance Co. Ltd. | USD 8.25 | ▼ 1.26% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 14:21 UTC. This page is informational and not investment advice.
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