Docoh
Loading...

CVLT Commvault Systems

Commvault is the recognized leader in data backup and recovery. Commvault's converged data management solution redefines what backup means for the progressive enterprise through solutions that protect, manage and use their most critical asset - their data. Commvault software, solutions and services are available from the company and through a global ecosystem of trusted partners. Commvault employs more than 2,600 highly-skilled individuals across markets orldwide and is headquartered in Tinton Falls, New Jersey in the United States.

Company profile

Ticker
CVLT
Exchange
CEO
Sanjay Mirchandani
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Commvault Capital Inc. • Advanced Data Life Cycle Management Inc. • Commvault Systems (Canada) Inc. • Commvault Systems Mexico • Commvault Systems International B.V. • Commvault Systems (India) Private Limited • Commvault Systems (Australia) Pty. Ltd. • Commvault Systems (New Zealand) Limited • Commvault Systems (Singapore) Private Limited • Commvault Systems Limited ...

CVLT stock data

(
)

Calendar

28 Jul 21
23 Oct 21
31 Mar 22
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 359.15M 359.15M 359.15M 359.15M 359.15M 359.15M
Cash burn (monthly) 12.7M (positive/no burn) (positive/no burn) 1.07M (positive/no burn) (positive/no burn)
Cash used (since last report) 48.06M n/a n/a 4.06M n/a n/a
Cash remaining 311.09M n/a n/a 355.09M n/a n/a
Runway (months of cash) 24.5 n/a n/a 330.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Oct 21 Whalen James J. Common Stock Payment of exercise Dispose F No No 74.92 42 3.15K 27,678
13 Sep 21 Keith Geeslin Common Stock Gift Dispose G No No 0 11,304 0 42,949
3 Sep 21 Carolan Brian Common Stock Sell Dispose S No Yes 83.9 11,325 950.17K 108,147.708
3 Sep 21 Carolan Brian Common Stock Option exercise Acquire M No Yes 45.44 11,325 514.61K 119,472.708
3 Sep 21 Carolan Brian Options to Purchase Common Stock Common Stock Option exercise Dispose M No Yes 45.44 11,325 514.61K 22,649
24 Aug 21 Blasio Riccardo Di Common Stock Payment of exercise Dispose F No No 77.06 674 51.94K 73,392
24 Aug 21 Carolan Brian Common Stock Payment of exercise Dispose F No No 77.06 1,082 83.38K 108,147.708

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

97.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 265 238 +11.3%
Opened positions 49 48 +2.1%
Closed positions 22 37 -40.5%
Increased positions 76 81 -6.2%
Reduced positions 104 81 +28.4%
13F shares
Current Prev Q Change
Total value 3.46B 2.89B +19.5%
Total shares 44.61M 44.91M -0.7%
Total puts 47.4K 75.1K -36.9%
Total calls 198.7K 169.2K +17.4%
Total put/call ratio 0.2 0.4 -46.3%
Largest owners
Shares Value Change
BLK Blackrock 5.44M $425.36M -5.6%
Vanguard 4.31M $337.03M -1.4%
Starboard Value 4.08M $318.89M -6.2%
Renaissance Technologies 2.16M $168.95M -5.8%
MKFCF Mackenzie Financial 2.11M $164.98M -1.3%
Elliott Associates 2.01M $125.68M 0.0%
Alliancebernstein 1.87M $146.44M -36.9%
STT State Street 1.56M $121.83M -0.2%
Acadian Asset Management 1.07M $83.38M +9.2%
Geode Capital Management 863.64K $67.51M +1.9%
Largest transactions
Shares Bought/sold Change
Alliancebernstein 1.87M -1.1M -36.9%
Atlanta Capital Management Co L L C 374.47K +374.47K NEW
BLK Blackrock 5.44M -320.26K -5.6%
Starboard Value 4.08M -268.65K -6.2%
Arrowstreet Capital, Limited Partnership 647.86K +238.75K +58.4%
Schonfeld Strategic Advisors 232.6K +232.6K NEW
American Century Companies 19.51K -197.77K -91.0%
Spire Wealth Management 173.08K +173.08K NEW
Renaissance Technologies 2.16M -133.01K -5.8%
Intrinsic Edge Capital Management 131.72K +131.72K NEW

Financial report summary

?
Competition
Microsoft
Risks
  • The novel coronavirus (COVID-19) pandemic could adversely affect our business in a material way.
  • We have engaged, and may continue to engage, in strategic acquisitions or transactions, which could have a material adverse effect on our business, results of operations, financial condition and cash flows.
  • We rely on indirect sales channels, such as value-added resellers, systems integrators, corporate resellers, distributors, and OEMs, for the distribution of our software applications, and the failure of these channels to effectively sell our software applications could have a material adverse effect on our revenues and results of operations.
  • We may not be able to respond to rapid technological changes with new software applications and services offerings, which could have a material adverse effect on our sales and profitability.
  • If the cost for annual maintenance and support agreements, or our term-based subscription licenses, with our customers is not competitive in the market or if our customers do not renew their agreements either at all, or on terms that are less favorable to us, our business and financial performance might be adversely impacted.
  • In periods of volatile economic conditions, our exposure to credit risk and payment delinquencies on our accounts receivable significantly increases.
  • We develop software applications that interoperate with certain software, operating systems and hardware developed by others, and if the developers of those operating systems and hardware do not cooperate with us or we are unable to devote the necessary resources so that our applications interoperate with those systems, our software development efforts may be delayed or foreclosed and our business and results of operations may be adversely affected.
  • We sell a backup appliance which integrates our software with hardware. If we fail to accurately predict our manufacturing requirements and manage our supply chain we could incur additional costs or experience manufacturing delays that could harm our business.
  • We encounter long sales and implementation cycles, particularly for our larger customers, which could have an adverse effect on the size, timing and predictability of our revenues.
  • We depend on growth in the data and information management software market, and lack of growth or contraction in this market could have a material adverse effect on our sales and financial condition.
  • Our software applications are complex and may contain undetected errors, which could adversely affect not only our software applications’ performance but also our reputation and the acceptance of our software applications in the market.
  • We may not receive significant revenues from our current research and development efforts for several years, if at all.
  • We implemented a restructuring program in fiscal 2019, which we cannot guarantee will achieve its intended result.
  • Change in senior management could cause disruption in the Company and have a material effect on our business. Furthermore, the loss of key personnel or the failure to attract and retain highly qualified personnel could have an adverse effect on our business.
  • Risks from investing in growth opportunities could impact our business.
  • Volatility in the global economy could adversely impact our continued growth, results of operations and our ability to forecast future business.
  • Our international sales and operations are subject to factors that could have an adverse effect on our results of operations.
  • We may experience fluctuations in foreign currency exchange rates that could adversely impact our results of operations.
  • We may be subject to information technology system failures, network disruptions and breaches in data security.
  • Many of our key financial systems used for internal purposes are cloud-based solutions provided by third parties.
  • We are, and may in the future become, involved in litigation that may have a material adverse effect on our business.
  • Protection of our intellectual property is limited, and any misuse of our intellectual property by others could materially adversely affect our sales and results of operations.
  • Claims that we misuse the intellectual property of others could subject us to significant liability and disrupt our business, which could have a material adverse effect on our results of operations and financial condition.
  • Our use of “open source” software could negatively affect our business and subjects us to possible litigation.
  • Our effective tax rate is difficult to project, and changes in such tax rate or adverse results of tax examinations could adversely affect our operating results.
  • Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
  • Certain provisions of our certificate of formation and our amended and restated bylaws or Delaware law could prevent or delay a potential acquisition of control of our Company, which could decrease the trading price of our common stock.
  • Although we believe we currently have adequate internal control over financial reporting, we are required to assess our internal control over financial reporting on an annual basis, and any future adverse results from such assessment could result in a loss of investor confidence in our financial reports and have an adverse effect on our stock price.
  • We may experience a decline in revenues or volatility in our quarterly operating results, which may adversely affect the market price of our common stock.
  • The price of our common stock may be highly volatile and may decline regardless of our operating performance.
  • Our business could be materially and adversely affected as a result of natural disasters, terrorism or other catastrophic events.
Management Discussion
  • –Total revenues increased $10.4 million, or 6%.
  • •Software and products revenue represented 45% of our total revenue in the three months ended June 30, 2021 and 44% of our total revenue in the three months ended June 30, 2020.
  • •Larger deal revenue (deals greater than $0.1 million) represented 69% of our software and products revenue in the three months ended June 30, 2021 and 73% of our software and products revenue in the three months ended June 30, 2020.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accurately, artificial, automation, began, broadest, cloud, commensurate, complexity, contest, contractual, Court, customary, decease, digital, District, Division, earned, elimination, evolving, figure, fragmentation, hard, high, ii, infrastructure, intelligence, intelligent, intrinsic, journey, lawsuit, learning, light, machine, merit, outcome, overhead, portfolio, predict, product, reign, Rubrik, solving, storage, systematic, today, touch, transfer, transformation, ultimate, upfront, utilize, vigorously, Waco, Western, workforce
Removed: acquired, acquisition, adjustment, age, approximate, authorization, carryback, charge, closure, collectability, collection, combination, composition, consisted, constructively, corporation, cumulative, deterioration, developed, dilutive, doubtful, economic, employment, evaluating, field, invested, leading, maturity, measured, October, payable, permitted, projected, proportionate, quality, rate, receive, remained, retained, retired, retrospective, returned, salary, September, simplified, travel, Treasury, unissued, Update

Patents

APP
Utility
System for Assignment of Proxies for Virtual-machine Secondary Copy Operations
21 Oct 21
A comprehensive approach to streaming backups for virtual machines (“VMs”) in a storage management system comprises improvements to the assignment of data agent proxies for VM secondary copy operations.
APP
Utility
Partial File Restore In a Data Storage System
21 Oct 21
The data storage system according to certain aspects can implement partial file restore, where only a portion of the secondary copy of a file is restored.
APP
Utility
Distributed Framework for Data Proximity-based Task Splitting In a Content Indexing System
21 Oct 21
An improved content indexing (CI) system is disclosed herein.
GRANT
Utility
Customized deployment in information management systems
19 Oct 21
According to certain aspects, an information management system may be configured to: receive system information relating to one or more data storage requirements associated with a first user; access an electronic database containing deployment configuration rules usable in determining information management cell configurations; generate a recommended deployment configuration for an information management cell associated with the first user based at least in part on the system information and the deployment configuration rules; receive computing infrastructure information relating to computer hardware components within the information management cell that are available for use in implementing the recommended deployment configuration; and generate an installation script for the information management cell based at least in part on the recommended deployment configuration and the computing infrastructure information.
APP
Utility
Browsing Data Stored In a Backup Format
14 Oct 21
The disclosed techniques enable browsing of data items that are stored in a backup storage system in a backup format.