When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Commvault (CVLT) reported earnings 30 days ago. What's next for the stock?
CommVault Systems NASDAQ: CVLT said the market for data protection has shifted from traditional backup and recovery toward cyber resilience, a trend Chief Financial Officer Gary Merrill said has accelerated over the past three years.
| Software Industry | Information Technology Sector | Sanjay Mirchandani CEO | XMUN Exchange | US2041661024 ISIN |
| US Country | 3,300 Employees | - Last Dividend | - Last Split | 22 Sep 2006 IPO Date |
Commvault Systems, Inc. is a renowned data protection platform that offers comprehensive solutions designed to assist customers in securing, defending, and recovering their data both within the United States and globally. The corporation has specialized in developing a suite of products that cater to the diverse needs of data management, including backups, disaster recovery, and secure data protection services available both on-premises and through cloud platforms. Founded in 1988 and headquartered in Tinton Falls, New Jersey, Commvault has established itself as a pioneer in the data protection space, providing services directly to a wide-ranging clientele that includes large enterprises, small to medium-sized businesses, and government agencies across various industries such as banking, healthcare, government, and technology.
In addition to these products, Commvault Systems, Inc. offers a range of services including technology consulting focused on data protection, ransomware recovery to assist in the rapid recovery from cyberattacks, and education services to empower customers with the knowledge to use Commvault solutions effectively. The company also provides remote managed services, ensuring that clients can receive expert assistance and management for their data protection solutions. Commvault's commitment to customer support extends to sales of integrated appliances, combining software with hardware, and offering comprehensive consulting, assessment, and design services, installation, and customer education under the Metallic brand. Its sales and service model leverages a broad network of distributors, value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers to reach a diverse and global customer base.