CommVault Systems (CVLT)
Market Price (1/20/2026): $122.16 | Market Cap: $5.4 BilSector: Information Technology | Industry: Systems Software
CommVault Systems (CVLT)
Market Price (1/20/2026): $122.16Market Cap: $5.4 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7% |
| Low stock price volatilityVol 12M is 48% | Key risksCVLT key risks include [1] reputational damage from a potential breach of its own security services, Show more. |
| Megatrend and thematic driversMegatrends include Cybersecurity, and Cloud Computing. Themes include Software Security, Software as a Service (SaaS), Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Cybersecurity, and Cloud Computing. Themes include Software Security, Software as a Service (SaaS), Show more. |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7% |
| Key risksCVLT key risks include [1] reputational damage from a potential breach of its own security services, Show more. |
Why The Stock Moved
Stock Movement Drivers
Fundamental Drivers
The -12.2% change in CVLT stock from 10/31/2025 to 1/19/2026 was primarily driven by a -12.2% change in the company's P/E Multiple.| 10312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 139.22 | 122.17 | -12.25% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1095.84 | 1095.84 | 0.00% |
| Net Income Margin (%) | 7.32% | 7.32% | 0.00% |
| P/E Multiple | 77.05 | 67.61 | -12.25% |
| Shares Outstanding (Mil) | 44.41 | 44.41 | 0.00% |
| Cumulative Contribution | -12.25% |
Market Drivers
10/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| CVLT | -12.2% | |
| Market (SPY) | 1.4% | 43.1% |
| Sector (XLK) | -3.1% | 42.7% |
Fundamental Drivers
The -35.7% change in CVLT stock from 7/31/2025 to 1/19/2026 was primarily driven by a -34.9% change in the company's P/E Multiple.| 7312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 189.95 | 122.17 | -35.68% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1052.92 | 1095.84 | 4.08% |
| Net Income Margin (%) | 7.70% | 7.32% | -4.91% |
| P/E Multiple | 103.85 | 67.61 | -34.90% |
| Shares Outstanding (Mil) | 44.33 | 44.41 | -0.18% |
| Cumulative Contribution | -35.68% |
Market Drivers
7/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| CVLT | -35.7% | |
| Market (SPY) | 9.7% | 42.5% |
| Sector (XLK) | 11.0% | 36.0% |
Fundamental Drivers
The -23.3% change in CVLT stock from 1/31/2025 to 1/19/2026 was primarily driven by a -59.6% change in the company's Net Income Margin (%).| 1312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 159.26 | 122.17 | -23.29% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 943.87 | 1095.84 | 16.10% |
| Net Income Margin (%) | 18.14% | 7.32% | -59.64% |
| P/E Multiple | 40.82 | 67.61 | 65.63% |
| Shares Outstanding (Mil) | 43.89 | 44.41 | -1.18% |
| Cumulative Contribution | -23.30% |
Market Drivers
1/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| CVLT | -23.3% | |
| Market (SPY) | 15.9% | 56.6% |
| Sector (XLK) | 26.8% | 56.9% |
Fundamental Drivers
The 96.3% change in CVLT stock from 1/31/2023 to 1/19/2026 was primarily driven by a 266.9% change in the company's Net Income Margin (%).| 1312023 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 62.23 | 122.17 | 96.32% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 787.06 | 1095.84 | 39.23% |
| Net Income Margin (%) | 2.00% | 7.32% | 266.91% |
| P/E Multiple | 177.15 | 67.61 | -61.83% |
| Shares Outstanding (Mil) | 44.71 | 44.41 | 0.68% |
| Cumulative Contribution | 96.31% |
Market Drivers
1/31/2023 to 1/19/2026| Return | Correlation | |
|---|---|---|
| CVLT | 96.3% | |
| Market (SPY) | 76.5% | 48.2% |
| Sector (XLK) | 118.6% | 45.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CVLT Return | 24% | -9% | 27% | 89% | -17% | -0% | 126% |
| Peers Return | � | � | � | � | 35% | 3% | � |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| CVLT Win Rate | 75% | 42% | 50% | 83% | 58% | 0% | |
| Peers Win Rate | � | � | � | � | 52% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| CVLT Max Drawdown | -1% | -26% | -14% | -7% | -22% | -1% | |
| Peers Max Drawdown | � | � | � | � | -23% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: STX, TYL, SPSC, AGPU, AIXC. See CVLT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)
How Low Can It Go
| Event | CVLT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -39.1% | -25.4% |
| % Gain to Breakeven | 64.2% | 34.1% |
| Time to Breakeven | 502 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -46.0% | -33.9% |
| % Gain to Breakeven | 85.2% | 51.3% |
| Time to Breakeven | 267 days | 148 days |
| 2018 Correction | ||
| % Loss | -42.5% | -19.8% |
| % Gain to Breakeven | 73.9% | 24.7% |
| Time to Breakeven | 648 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -65.3% | -56.8% |
| % Gain to Breakeven | 188.0% | 131.3% |
| Time to Breakeven | 393 days | 1,480 days |
Compare to STX, TYL, SPSC, AGPU, AIXC
In The Past
CommVault Systems's stock fell -39.1% during the 2022 Inflation Shock from a high on 9/3/2021. A -39.1% loss requires a 64.2% gain to breakeven.
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AI Analysis | Feedback
1. The Microsoft Azure or AWS for enterprise data backup, recovery, and cyber resilience.
2. Like a specialized version of SAP or Oracle that manages and protects all of a company's data for backup, recovery, and cyber resilience.
AI Analysis | Feedback
- Commvault Complete Data Protection: A comprehensive software suite offering backup, recovery, replication, and archiving for enterprise data across various environments.
- Metallic SaaS: A portfolio of software-as-a-service (SaaS) offerings providing cloud-native data protection, backup, and recovery capabilities.
- Commvault Disaster Recovery: Solutions designed to ensure business continuity and rapid recovery of critical applications and data in the event of outages or disasters.
- Commvault Data Governance and Compliance: Services and tools to help organizations meet regulatory requirements, manage data lifecycles, and facilitate eDiscovery.
- Commvault ThreatWise: An early warning system that uses deception technology to detect and neutralize cyber threats before they cause damage.
AI Analysis | Feedback
CommVault Systems (symbol: CVLT) sells primarily to other companies and organizations, not directly to individuals. CommVault is an enterprise software company specializing in data protection, backup, recovery, and data management solutions. While they have thousands of customers worldwide, public companies like CommVault typically do not disclose the names of their specific major end-user customers due to confidentiality agreements and the diverse nature of their customer base across various industries and geographies. There is no single customer that accounts for 10% or more of their revenue, which would require disclosure in their SEC filings. However, CommVault serves a broad range of enterprise and mid-market organizations across various sectors. Their customer base includes: * **Large Enterprises:** Multinational corporations across industries that require robust data management and protection solutions for complex IT environments. * **Mid-Market Businesses:** Companies of various sizes that need scalable and efficient solutions to manage their growing data volumes and ensure business continuity. * **Public Sector Organizations:** Government agencies (federal, state, and local), educational institutions, and healthcare providers that have stringent regulatory compliance and data security requirements. * **Financial Services Firms:** Banks, investment firms, and insurance companies that need secure, compliant, and highly available data solutions to protect sensitive customer information and transactions. * **Service Providers:** Managed Service Providers (MSPs) and cloud service providers who leverage CommVault's technology to offer data protection and recovery services to their own clients. Because specific customer names are not publicly disclosed, it is not possible to list individual customer companies or their stock symbols.AI Analysis | Feedback
- Microsoft Corporation (MSFT)
- Amazon.com, Inc. (AMZN)
- Alphabet Inc. (GOOGL)
AI Analysis | Feedback
Sanjay Mirchandani, President and Chief Executive Officer
Sanjay Mirchandani has served as President and Chief Executive Officer of CommVault Systems since February 2019. Prior to joining CommVault, he was the CEO of Puppet, an IT automation company, for over two years. Before his tenure at Puppet, Mr. Mirchandani spent two decades in senior leadership roles at prominent technology companies including Microsoft, VMware, and EMC Corp. Under his leadership, CommVault has innovated its portfolio, introduced a new SaaS offering, and completed significant acquisitions. He also serves on the Board of Directors at Itron, Inc.
Jennifer DiRico, Chief Financial Officer
Jennifer DiRico was appointed as CommVault's Chief Financial Officer, effective August 12, 2024. She brings nearly a decade of experience from Toast, Inc., where she played a pivotal role in the company's successful IPO. During her time at Toast, Ms. DiRico was instrumental in scaling the company's growth, expanding its customer base to over 100,000 and increasing its annual recurring revenue (ARR) to over $1 billion.
Gary Merrill, Chief Commercial Officer
Gary Merrill transitioned from his role as Chief Financial Officer to become CommVault's first Chief Commercial Officer (CCO), effective August 12, 2024. An 18-year veteran at CommVault, Mr. Merrill will now lead the company's global sales and partner teams. In his CCO role, he is responsible for accelerating the adoption of the CommVault Cloud platform, expanding market reach, and scaling the company's high-growth SaaS business.
Anna Griffin, Chief Marketing Officer
Anna Griffin has served as the Chief Marketing Officer of CommVault Systems, Inc. since 2023. She brings over 25 years of experience as an agency, brand, and global marketer leader to her role.
AI Analysis | Feedback
CommVault Systems (CVLT) faces several key risks to its business operations, primarily stemming from the highly competitive nature of its market, the constant evolution of cyber threats, and challenges related to its product offerings and distribution.
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Intense Competition: CommVault operates in a highly competitive data protection and cyber resilience market. It faces competition from a wide array of companies, including legacy providers like Veritas NetBackup and Dell Technologies, as well as modern cloud-native solutions such as Cohesity, Rubrik, and Veeam. This intense competitive landscape can lead to pressure on pricing, challenges in differentiating offerings, and potential constraints on market share growth.
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Evolving Cybersecurity Threat Landscape and Risk of Internal Breaches: While CommVault provides cyber resilience solutions, the ever-changing and increasingly sophisticated nature of cyber threats, including ransomware and AI-exacerbated attacks, presents an inherent risk to its own operations and the effectiveness of its products. As a cybersecurity provider, a breach within CommVault's own services, such as the May 2025 compromise of its Metallic cloud backup service, can severely damage customer trust and business reputation, highlighting the critical need for continuous innovation and robust internal security.
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Product Complexity and Dependence on Key Distribution Partners: CommVault's comprehensive product portfolio is noted for its complexity, which can result in implementation challenges, particularly for smaller businesses. This complexity often requires specialized technical expertise and extensive configuration, potentially creating a high learning curve for administrative personnel. Furthermore, the company relies significantly on distribution partners, with one major distributor, Arrow, accounting for approximately 36-37% of its total revenue in recent fiscal years. This concentration of sales through a few partners introduces a risk, as disruptions with these relationships could materially impact revenues and market reach.
AI Analysis | Feedback
AI Analysis | Feedback
CommVault Systems (CVLT) operates in several key addressable markets related to data management, protection, and cyber resilience. The approximate global market sizes for their main products and services are as follows:
- Data Protection: The global data protection market size was valued at USD 150.38 billion in 2024 and is projected to reach USD 505.98 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.6% during the forecast period. Another source estimates the global data protection market at USD 165.13 billion in 2024, expected to reach nearly USD 575.50 billion by 2032 with a CAGR of 16.89% from 2025. North America held the largest share of this market in 2024.
- Enterprise Data Management: The global enterprise data management market size was valued at USD 85.5 billion in 2024 and is expected to reach USD 200.6 billion by 2033, with a CAGR of 9.45% from 2025-2033. Other estimates place the global market size at USD 101.04 billion in 2024, projected to grow to USD 243.48 billion by 2032 with a CAGR of 11.8%, or USD 110.53 billion in 2024, anticipated to reach USD 221.58 billion by 2030, growing at a CAGR of 12.4% from 2025 to 2030. North America is identified as the largest market for enterprise data management.
- Cyber Resilience (which includes Data Protection and Disaster Recovery): The global cyber resilience market is projected to grow significantly. One report values the market at USD 14.3 billion in 2025, expected to reach USD 38.5 billion by 2033, with a CAGR of 21.30%. Another source indicates the broader global cybersecurity market, which cyber resilience falls under, was USD 225.58 billion in 2025 and is forecasted to grow to USD 498.07 billion by 2034 with a CAGR of 9.37%. Yet another estimate for the global cybersecurity market is USD 239.04 billion in 2024, anticipated to reach USD 262.23 billion in 2025, and projected to expand to USD 549.96 billion by 2033, growing at a CAGR of 9.7% from 2025 to 2033. North America is consistently noted as a dominant region in the cybersecurity market.
- Metallic (SaaS Backup Software): The global SaaS Backup Software market was valued at US$ 2.492 billion in 2023 and is anticipated to reach US$ 4.821 billion by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030. Another report states the global market size was estimated at US$ 2.762 billion in 2024 and is forecast to reach approximately US$ 5.234 billion by 2031 with a CAGR of 9.7% during 2025-2031. North America accounts for the largest share of the SaaS backup software market. The broader cloud backup market, which includes SaaS backup, has an estimated size of $7.13 billion USD in 2025, projected to grow to $21.62 billion by 2030 with a CAGR of 24.9%.
AI Analysis | Feedback
CommVault Systems (NASDAQ: CVLT) is positioned for future revenue growth over the next 2-3 years, driven by several key strategic initiatives and market trends. These include the continued expansion of its Software-as-a-Service (SaaS) platform, a heightened demand for cyber resilience and multi-cloud data protection solutions, strategic alliances and acquisitions, and sustained customer acquisition and expansion.
1. Continued Growth of the SaaS Platform
CommVault's SaaS platform is a significant driver of its revenue growth. The company has reported "hyper-growth" in its SaaS Annual Recurring Revenue (ARR), with SaaS ARR soaring by 63% to $307 million in Q1 FY2026. This accelerated growth has enabled CommVault to surpass 8,000 customers for its SaaS offerings in Q1 FY2026. The strong performance in the SaaS segment is expected to continue as more customers transition to cloud-based data protection solutions, benefiting from successful upsell and cross-sell initiatives.
2. Increasing Demand for Cyber Resilience and Multi-Cloud Data Protection
The escalating threat of cyberattacks and the widespread adoption of multi-cloud environments are fueling a robust demand for CommVault's cyber resilience and data protection solutions. Management has consistently highlighted the increasing demand for its Cyber Resilience platform, particularly among hybrid cloud customers. CommVault's unified platform, which enables customers to anticipate, prepare for, and recover from cyberattacks, is considered more critical than ever, thereby driving strong transaction volumes and growth.
3. Strategic Alliances and Acquisitions
CommVault is actively pursuing strategic alliances and acquisitions to enhance its offerings and market reach. The company has formed major strategic alliances with partners such as Deloitte, CrowdStrike, HPE, and Kyndryl to strengthen its cyber resilience and disaster recovery capabilities. Additionally, CommVault's intent to acquire Satori Cyber is aimed at enhancing its AI and data security capabilities, which is expected to further strengthen its competitive edge and drive future revenue.
4. Customer Acquisition and Expansion in Emerging Markets
CommVault continues to demonstrate strong success in acquiring new customers and expanding its footprint, including in emerging markets. In Q1 FY2026, the company secured notable new customers such as Honeywell, Equifax, U-Haul, NTT DATA Services, and Chaucer Lloyd's. The company has also shown robust success in emerging markets through cloud marketplaces, experiencing triple-digit growth transactions. This consistent customer growth, coupled with the ability to expand within its existing customer base (land-and-expand strategy), contributes significantly to its recurring revenue streams.
AI Analysis | Feedback
Share Repurchases
- CommVault Systems' annual net total equity repurchases were $147 million in fiscal year 2025, $171 million in fiscal year 2024, and $136 million in fiscal year 2023.
- During the second quarter of fiscal year 2026, Commvault repurchased approximately 737,000 shares of common stock for $131 million.
- In September 2025, Commvault announced a concurrent $125 million share repurchase program as part of its capital allocation strategy related to a new convertible notes offering.
Share Issuance
- In September 2025, Commvault announced its intention to offer $750.0 million aggregate principal amount of Convertible Senior Notes due 2030.
- The proceeds from this offering are planned to fund capped call transactions to minimize potential share dilution, repurchase up to $125.0 million of common stock, and cover general corporate purposes, including potential acquisitions.
Outbound Investments
- Commvault announced the acquisition of Satori Cyber, a company specializing in data and AI security, with the transaction expected to close by August 2025.
Capital Expenditures
- Commvault continues to invest in its international business operations and has made substantial investments in the automation of its product test and quality assurance laboratories.
- Cash flow analysis suggests that capital expenditures are a consistent element, with the company generating positive cash flow after accounting for CAPEX.
Latest Trefis Analyses
| Title | Topic | Date | |
|---|---|---|---|
| DASHBOARDS | |||
| CommVault Systems Earnings Notes | |||
| CommVault Systems Earnings Notes | |||
| CommVault Systems Earnings Notes | |||
| CommVault Systems Earnings Notes | |||
| Is 27.6% Fall In CommVault Systems (CVLT) Stock A Buying Opportunity? | Actionable | ||
| Is 27.1% Fall In CommVault Systems (CVLT) Stock A Buying Opportunity? | Actionable | ||
| Is 27.4% Fall In CommVault Systems (CVLT) Stock A Buying Opportunity? | Actionable | ||
| Is 24.5% Fall In CommVault Systems (CVLT) Stock A Buying Opportunity? | Actionable | ||
| Can CommVault Systems Stock Hold Up When Markets Turn? | Return | ||
| CommVault Systems vs Meta Platforms: Which Is A Better Investment? | Counter-Intuitive Comparisons | ||
| ARTICLES | |||
| CommVault Systems Stock To $89? | November 13th, 2025 | ||
| CommVault Systems Stock To $90? | November 12th, 2025 | ||
| CommVault Systems Stock To $97? | October 30th, 2025 | ||
| CommVault Systems Stock To $102? | October 29th, 2025 | ||
| With CommVault Systems Stock Down 16% In A Day, How Confident Are You? | October 29th, 2025 |
Research & Analysis
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Wealth Management
Peer Comparisons for CommVault Systems
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 106.12 |
| Mkt Cap | 4.4 |
| Rev LTM | 913 |
| Op Inc LTM | 97 |
| FCF LTM | 179 |
| FCF 3Y Avg | 164 |
| CFO LTM | 195 |
| CFO 3Y Avg | 177 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 19.3% |
| Rev Chg 3Y Avg | 7.9% |
| Rev Chg Q | 18.4% |
| QoQ Delta Rev Chg LTM | 4.1% |
| Op Mgn LTM | 14.8% |
| Op Mgn 3Y Avg | 9.4% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 19.7% |
| CFO/Rev 3Y Avg | 22.3% |
| FCF/Rev LTM | 19.1% |
| FCF/Rev 3Y Avg | 20.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.4 |
| P/S | 5.0 |
| P/EBIT | 34.9 |
| P/E | 43.9 |
| P/CFO | 22.4 |
| Total Yield | 1.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.7% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.2% |
| 3M Rtn | -12.7% |
| 6M Rtn | -16.6% |
| 12M Rtn | -17.2% |
| 3Y Rtn | 28.8% |
| 1M Excs Rtn | -0.5% |
| 3M Excs Rtn | -16.2% |
| 6M Excs Rtn | -27.1% |
| 12M Excs Rtn | -34.0% |
| 3Y Excs Rtn | -46.5% |
Comparison Analyses
Price Behavior
| Market Price | $122.17 | |
| Market Cap ($ Bil) | 5.4 | |
| First Trading Date | 09/22/2006 | |
| Distance from 52W High | -37.5% | |
| 50 Days | 200 Days | |
| DMA Price | $124.46 | $161.64 |
| DMA Trend | down | down |
| Distance from DMA | -1.8% | -24.4% |
| 3M | 1YR | |
| Volatility | 43.1% | 48.4% |
| Downside Capture | 177.56 | 160.43 |
| Upside Capture | -59.58 | 106.97 |
| Correlation (SPY) | 28.3% | 55.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.90 | 1.09 | 1.30 | 1.49 | 1.40 | 1.24 |
| Up Beta | 2.74 | 1.77 | 3.36 | 3.04 | 1.41 | 1.21 |
| Down Beta | 0.44 | 1.27 | 0.94 | 1.59 | 1.49 | 1.41 |
| Up Capture | 101% | 34% | -31% | 29% | 119% | 164% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 13 | 21 | 28 | 59 | 130 | 417 |
| Down Capture | 65% | 122% | 175% | 148% | 127% | 104% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 9 | 20 | 36 | 67 | 119 | 332 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| CVLT vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| CVLT | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -23.9% | 28.5% | 19.8% | 70.5% | 3.8% | 10.2% | -1.0% |
| Annualized Volatility | 48.0% | 27.3% | 19.3% | 20.0% | 15.3% | 16.7% | 34.5% |
| Sharpe Ratio | -0.42 | 0.89 | 0.81 | 2.56 | 0.04 | 0.41 | 0.07 |
| Correlation With Other Assets | 54.8% | 55.5% | 9.9% | 26.1% | 45.2% | 24.6% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| CVLT vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| CVLT | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 16.3% | 18.3% | 14.1% | 19.4% | 11.1% | 6.1% | 20.0% |
| Annualized Volatility | 38.9% | 24.6% | 17.1% | 15.6% | 18.7% | 18.8% | 48.1% |
| Sharpe Ratio | 0.50 | 0.67 | 0.66 | 1.00 | 0.47 | 0.23 | 0.45 |
| Correlation With Other Assets | 48.8% | 50.3% | 11.7% | 10.9% | 33.9% | 21.8% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| CVLT vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| CVLT | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 13.3% | 23.3% | 15.5% | 14.8% | 7.6% | 5.9% | 70.8% |
| Annualized Volatility | 36.1% | 24.2% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.45 | 0.88 | 0.75 | 0.83 | 0.35 | 0.25 | 0.91 |
| Correlation With Other Assets | 48.7% | 50.0% | 6.0% | 16.7% | 35.8% | 17.0% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2025 | -16.3% | -19.4% | -28.8% |
| 7/29/2025 | 18.3% | 14.1% | 8.7% |
| 4/29/2025 | 1.7% | 4.8% | 6.5% |
| 1/28/2025 | 1.1% | 0.6% | 8.6% |
| 10/29/2024 | 24.0% | 14.8% | 29.7% |
| 7/30/2024 | 22.8% | 9.6% | 23.0% |
| 4/30/2024 | 3.1% | 9.6% | 11.8% |
| 1/30/2024 | 8.0% | 14.7% | 16.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 13 | 15 |
| # Negative | 8 | 11 | 9 |
| Median Positive | 3.6% | 7.4% | 11.1% |
| Median Negative | -12.1% | -8.4% | -10.0% |
| Max Positive | 24.0% | 14.8% | 29.7% |
| Max Negative | -19.4% | -20.3% | -28.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/29/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 07/30/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/05/2025 | 10-K (03/31/2025) |
| 12/31/2024 | 01/29/2025 | 10-Q (12/31/2024) |
| 09/30/2024 | 10/30/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 07/31/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/13/2024 | 10-K (03/31/2024) |
| 12/31/2023 | 01/31/2024 | 10-Q (12/31/2023) |
| 09/30/2023 | 11/01/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/01/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/05/2023 | 10-K (03/31/2023) |
| 12/31/2022 | 01/31/2023 | 10-Q (12/31/2022) |
| 09/30/2022 | 11/01/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 07/27/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/06/2022 | 10-K (03/31/2022) |
| 12/31/2021 | 01/26/2022 | 10-Q (12/31/2021) |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Merrill, Gary | Chief Commercial Officer | Direct | Sell | 11202025 | 123.58 | 2,674 | 330,453 | 8,547,164 | Form |
| 2 | Merrill, Gary | Chief Commercial Officer | Direct | Sell | 11202025 | 122.40 | 1,845 | 225,828 | 8,239,723 | Form |
| 3 | Dirico, Jennifer Leigh | Chief Financial Officer | Direct | Sell | 11202025 | 123.58 | 830 | 102,571 | 5,476,201 | Form |
| 4 | Mirchandani, Sanjay | President & CEO | Direct | Sell | 11202025 | 123.65 | 14,653 | 1,811,879 | 46,044,339 | Form |
| 5 | Mirchandani, Sanjay | President & CEO | Direct | Sell | 11202025 | 121.15 | 13,109 | 1,588,118 | 43,523,331 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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