William Blair analyst Jason Ader has maintained their bullish stance on CVLT stock, giving a Buy rating today.
Jason Ader has given his Buy rating due to a combination of factors that highlight CommVault Systems’ strong financial performance and promising future prospects. The company reported impressive revenue growth in the fourth quarter, marking the highest year-over-year increase since fiscal 2013. This growth was driven by a balanced performance across different regions, increased contributions from new products, and strong customer acquisition, particularly in the financial services and healthcare sectors. Additionally, CommVault’s core business showed robust momentum, supported by effective go-to-market strategies and an emphasis on data protection and security.
Furthermore, CommVault’s guidance for the upcoming quarters exceeded consensus expectations, with projected revenue and ARR growth indicating continued strength. Despite broader economic concerns, the management remains confident in the company’s trajectory, supported by a solid pipeline and business momentum. The company’s profitability metrics also surpassed expectations, with non-GAAP EPS and operating margins showing significant improvement. Looking ahead, CommVault is on track to achieve its fiscal 2026 targets, leveraging growth opportunities in cyber-resilience and a substantial total addressable market.
In another report released today, D.A. Davidson also maintained a Buy rating on the stock with a $200.00 price target.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVLT in relation to earlier this year.