Stephens & Co. has initiated coverage on Commvault Systems Inc (CVLT), assigning the company an Overweight rating. This marks the firm's first assessment of Commvault's investment potential, reflecting insights gathered from research on the business, industry dynamics, and growth opportunities.
Commvault, headquartered in Tinton Falls, New Jersey, specializes in data protection and information management software applications. The company offers a cyber resilience platform that integrates data security and rapid recovery across various workloads. With a market capitalization of $5.4 billion and a P/E ratio of 67.70, Commvault's recent financial performance has shown promise, with an EPS of 1.77.
Looking ahead, Commvault is set to report its next earnings on July 27, 2026, with an estimated EPS of $1.05 and projected revenue of $315.6 million. Analyst consensus currently reflects a Buy rating, with 6 Strong Buy, 11 Buy, and 3 Hold ratings.
This update provides insight into the growing interest in Commvault's offerings, as the company continues to navigate the evolving technology landscape.