Commvault Systems Inc. releases strong fiscal Q1 2025 report
Commvault Systems Inc. has reported a robust Q1 for fiscal year 2025, showcasing significant growth in revenue and recurring earnings. The company, known for its data backup and recovery tools, is seeing increased demand as these solutions prove crucial for protecting IT infrastructure against failures and cyberattacks.
For the quarter ending on 30 June, Commvault reported a 13% increase in revenue year-over-year, reaching 224.7 million USD. Its annual recurring revenue rose 17% to 803 million USD, while subscription sales surged 28% to 124.1 million USD. The company also posted an operating profit of 18.4 million USD. Adding to its strategic moves, in mid-July 2024, Commvault expanded its presence on the AWS Marketplace, specifically targeting the US Intelligence Community (ICMP). This expansion is expected to open up avenues for long-term government contracts, further solidifying Commvault's position in the market.
Technical analysis of Commvault Systems Inc. (NASDAQ: CVLT)
Exploring potential trading opportunities based on Commvault’s current stock performance:
Investors and traders should monitor Commvault closely, particularly given the company’s strong quarterly performance and strategic initiatives to capture long-term government contracts. The expansion into dedicated sections of marketplaces like AWS for specific communities such as the ICMP highlights Commvault’s commitment to growth and its potential to leverage new market opportunities.
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For the quarter ending on 30 June, Commvault reported a 13% increase in revenue year-over-year, reaching 224.7 million USD. Its annual recurring revenue rose 17% to 803 million USD, while subscription sales surged 28% to 124.1 million USD. The company also posted an operating profit of 18.4 million USD. Adding to its strategic moves, in mid-July 2024, Commvault expanded its presence on the AWS Marketplace, specifically targeting the US Intelligence Community (ICMP). This expansion is expected to open up avenues for long-term government contracts, further solidifying Commvault's position in the market.
Technical analysis of Commvault Systems Inc. (NASDAQ: CVLT)
Exploring potential trading opportunities based on Commvault’s current stock performance:
- Timeframe: Daily (D1)
- Current trend: the stock is currently experiencing a global uptrend
- Resistance level: previously at 126.00 USD, which has now been surpassed
- Support level: established at 121.80 USD
- Potential downtrend target: If the trend reverses, a potential downside target might be set at 105.00 USD
- Short-term target: if the uptrend continues and the stock maintains its momentum beyond the current resistance, a short-term target could be 165.00 USD
- Medium-term target: with sustained positive movement, the stock price might aim for 175.00 USD
Investors and traders should monitor Commvault closely, particularly given the company’s strong quarterly performance and strategic initiatives to capture long-term government contracts. The expansion into dedicated sections of marketplaces like AWS for specific communities such as the ICMP highlights Commvault’s commitment to growth and its potential to leverage new market opportunities.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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