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CVLTCommvault Systems, Inc.
$158.36$6.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CVLT logo

Commvault Systems, Inc.

CVLT
NASDAQ · Cybersecurity
$158.36
At close - USD
Market Cap$6.56B
P/E100.2x
52W High$174.25
Volume803.53K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q2

Debt-Funded Buybacks Erode Equity Amid Decelerating Growth

Commvault's SaaS transition has driven ten-quarter revenue growth peaking at 25.5%, yet growth has decelerated to 11.4%-13.1% in fiscal 2027, while deferred revenue still advances 42% to $763.9M, suggesting contracted backlog may cushion near-term results even as reported momentum fades.

GrowthDecelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

CVLT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+187% Peers

P/E is 187% above peer median

03

Market leadership

RS 94 · Leader

High momentum (Outperforming 94% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 27
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has settled into the low teens at 13.1% in 2027Q2 versus a 25.5% peak, while stable 81.2% gross margins mask an operating margin range of 4.5%-11.3% driven by SG&A running at 56-58% of revenue.

Analyst Consensus+13.4% target
Buy(33 analysts)
17 Buy16 Hold0 Sell

The Bull Case

Upside Catalysts

AI-enabled platform evolution

Commvault is advancing its cloud platform with AI integration, unifying data security, cyber recovery, and identity resilience across hybrid and SaaS environments.

Industry-leading technology

With 20 years of expertise, Commvault offers proven scale, performance, and granular recovery capabilities in data protection and cybersecurity.

Strategic Microsoft partnership

The collaboration with Microsoft enhances mass recovery solutions, delivering high-performance capabilities and recovery guarantees.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CVLT+27.52%
S&P 500 (^GSPC)+7.63%
1-Year Return
CVLT+26.61%
S&P 500 (^GSPC)+9.69%
3-Year Return
CVLT+134.16%
S&P 500 (^GSPC)+69.65%
5-Year Return
CVLT+135.80%
S&P 500 (^GSPC)+57.60%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
80.9x
Forward P/EExpansion
37.9x
EV/EBITDA50th %ile
53.7x
FCF YieldCash Flow
3.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
80.9x
93.5x
50th· Fair
EV/EBITDA
53.7x
54.9x
50th· Fair
Price/FCF
25.6x
18.1x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$31.22-80.3%
Base (Fair)$59.09-62.7%
Bull$70.62-55.4%
$31.22 Bear$59.09 Base$70.62 Bull
Current Market Price: $158.36
Trades at a 168.0% premium to Base DCF ($59.09)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$1.18B+18.9% YoY
Net income FY26
$71M-7.2% YoY
Free cash flow FY26
$237M+16.5% YoY
Operating margin FY26
8.9%+1.5 pts YoY
ROIC (FY26)268.6%
Avg ROIC 5Y-
ROE (FY26)42.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate12/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 27, 2026
$1.38+10.4%
vs $1.25
$312M+0.6%
vs $310M
Q3 2026
Jul 28, 2026
$1.42+22.4%
vs $1.16
$314M+1.2%
vs $310M
Q2 2026
Apr 28, 2026
$1.28+17.4%
vs $1.09
$312M+1.6%
vs $307M
Q1 2026
Jan 27, 2026
$1.17+19.4%
vs $0.98
$314M+4.9%
vs $299M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·1d ago
Commvault (CVLT) is an Incredible Growth Stock: 3 Reasons Why

Commvault (CVLT) could produce exceptional returns because of its solid growth attributes.

Zacks Investment Research·3d ago
Is It Worth Investing in Commvault (CVLT) Based on Wall Street's Bullish Views?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Zacks Investment Research·4d ago
Commvault Systems (CVLT) is a Top-Ranked Growth Stock: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Zacks Investment Research·Oct 29, 2026
What Makes Commvault Systems (CVLT) a Strong Momentum Stock: Buy Now?

Does Commvault Systems (CVLT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Filtered for Commvault Systems, Inc.More Headlines
04

Compare before deciding

Benchmark CVLT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Commvault Systems, Inc. (CVLT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CVLT logoCVLTCommvault Systems, Inc.Current
$158.36$6.56B100.2318.89%5.97%42.49%—
VRNS logoVRNSVaronis Systems, Inc.
$48.80$5.61B-43.1913.17%-21.38%-31.72%—
QLYS logoQLYSQualys, Inc.
$190.24$6.7B34.9710.13%29.34%37.17%—
TENB logoTENBTenable Holdings, Inc.
$42.13$4.65B-140.4311.04%1.48%8.46%—
IBM logoIBMInternational Business Machines Corporation
$245.00$230.82B21.937.62%15.99%32.72%2.69%
NTAP logoNTAPNetApp, Inc.
$169.15$33.5B26.605.37%19.19%113.67%1.23%

Compare CVLT vs Peers

Commvault Systems, Inc. (CVLT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VRNS

Most directly comparable listed peer for CVLT.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare CVLT against a more recognizable public peer.

Peer Set

Compare Top 5

vs VRNS, QLYS, TENB, IBM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CVLT SEC Filings & Documents

Commvault Systems, Inc. (CVLT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 27, 2026·SEC

Material company update

Aug 6, 2026·SEC

Material company update

Jul 28, 2026·SEC

10-K Annual Reports

4
FY 2026

May 11, 2026·SEC

FY 2025

May 5, 2025·SEC

FY 2024

May 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 28, 2026·SEC

FY 2026

Jul 29, 2026·SEC

FY 2026

Jan 28, 2026·SEC

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CVLT Frequently Asked Questions

Commvault Systems, Inc. (CVLT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Commvault Systems, Inc.'s revenue?

Commvault Systems, Inc. (CVLT) reported $1.25B in revenue over the trailing twelve months. Revenue was $1.18B in fiscal year 2026. That is 1333% more than the $82.6M of fiscal year 2005.

How fast is Commvault Systems, Inc. growing?

Commvault Systems, Inc. (CVLT) grew revenue by 18.9% in fiscal year 2026, compared with the prior fiscal year.

Is CVLT profitable?

Yes. Commvault Systems, Inc. (CVLT) earned $82.7M in net income over the trailing twelve months (a 6.6% net margin).

Dividend & Returns
What is CVLT's return on equity?

Commvault Systems, Inc. (CVLT) had a return on equity (ROE) of 42.5% in fiscal year 2026. That is well above the market's typical 10-15%.

What is Commvault Systems, Inc.'s free cash flow?

Commvault Systems, Inc. (CVLT) generated $255.7M in free cash flow over the trailing twelve months.

What if you invested $1,000 in CVLT back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →