Cybersecurity firm Commvault falls after reporting slower revenue growth

Commvault Systems

28/07/2026 14:42

** Shares of cybersecurity firm Commvault Systems CVLT.O fall ~16% to $125 in early trading
** Co posts Q1 total revenue growth of 11% after rising 26% a year ago
** CVLT's quarterly subscription revenue rises 15% on constant currency basis, after recording 44% growth a year earlier
** Co continues to expect full-year subscription ARR - annualized value of all active contracts - in the range of $1,200 million to $1,210 million 
** However, expects full-year subscription revenue between $1,119 million and $1,129 million versus prior range of $1,115 million to $1,125 million
** Sees Q2 subscription revenue in the range of $264 million to $268 million compared with analysts' estimates of $253 million - LSEG
** Reports Q1 adjusted EPS of $1.42 topping estimates of $1.16 
** As of last close, stock was up about 19% YTD.
     

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))