CVLT: CommVault Systems, Inc. Instablogs

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Thursday, May 16, 12:16 PM Cisco JV partner EMC (EMC +4.5%) joins the list of companies rallying in response to Cisco's FQ3 beat and guidance. Cisco mentioned on its earnings call integrated hardware solutions such as Vblock (offered by the Cisco/EMC VCE JV) are driving demand for its UCS servers - Cisco's UCS unit saw 77% Y/Y rev. growth. All in all, it's a good day for enterprise IT names, who are happy to receive some good earnings news after getting plenty of bad news (I, II, III, IV). HPQ +1.7%. IBM +1.3%. ORCL +1.3%. VMW +2.6%. TIBX +4.1%. CTXS +3.9%. CRM +3.8%. JIVE +4.1%. NTGR +2.7%. CVLT +2.6%. INFA +3%. (others rallying: I, II) 1 Comment [Tech, On the Move]
Saturday, May 11, 2:22 PM EMC showed off plenty of new software at its EMC World conference, but was light on hardware news. In addition to its ViPR storage management platform, EMC unveiled: 1) An OS update for its Isilon scale-out NAS systems (competes with NTAP) that adds support for data deduplication and the Hadoop big data framework. 2) A Data Protection Suite (competes with SYMC and CVLT) that ties together existing backup/archive software, while allowing for more flexible licensing. 3) The addition of hybrid cloud support for its Syncplicity cloud file-syncing platform. EMC wants to make clear it won't get left behind as a growing amount of storage industry value shifts to software, with much of it residing on servers rather than storage arrays. 1 Comment [Tech]
Tuesday, May 7, 6:38 PM Symantec (SYMC) -6.2% AH after guiding on its FQ4 call for FQ1 revenue of $1.61B-$1.65B and EPS of $0.35-$0.36, below a consensus of $1.7B and $0.44. Symantec is also forecasting FY14 EPS growth of 5%-7%, below a consensus of 8.5%. Are share losses to upstarts such as CommVault (CVLT) and Veeam taking a toll? Today, CommVault posted an FQ4 beat on the back of 21% Y/Y rev. growth, and stated on its earnings call it's comfortable with the Street's revenue forecasts (consensus is for 15% growth). Of course, CommVault also said it's worried about an "apparent near-term slowdown in tech spending" (many peers would concur). Comment! [Tech, Earnings, On the Move]
Tuesday, May 7, 9:13 AM Premarket gainers: SNTS +11%. ALU +11%. CVLT +8%. HIMX +7%. NSM +7%. FOSL +6%. DTV +6%.
Losers: RKUS -24%. ARUN -17%. AKRX -7%. PAL -6%. 1 Comment [On the Move]
Tuesday, May 7, 7:42 AM Commvault Systems (CVLT): FQ4 EPS of $0.41 beats by $0.07. Revenue of $138.3M beats by $4.89M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, May 7, 12:05 AM Notable earnings before Tuesday’s open: ACM, AFAM, AKRX, ALLT, ARCC, ARIA, BCRX, CHTR, CMLP, CNK, CQB, CRZO, CVLT, DFT, DISCA, DTV, DWRE, EMR, ENDP, FE, FOSL, HCN, HFC, HPT, HSIC, KWK, LPX, NRG, NRGY, NVAX, OAK, OMX, PQ, PRGO, RIGL, SHOO, TA, TAP, TDG, TGH, TICC, TRGT, TW, WRES, XEC 2 Comments [Earnings]
Monday, May 6, 5:30 PM Notable earnings before Tuesday's open: ACM, AFAM, AKRX, ALLT, ARCC, ARIA, BCRX, CHTR, CMLP, CNK, CQB, CRZO, CVLT, DFT, DISCA, DTV, DWRE, EMR, ENDP, FE, FOSL, HCN, HFC, HPT, HSIC, KWK, LPX, NRG, NRGY, NVAX, OAK, OMX, PQ, PRGO, RIGL, SHOO, TA, TAP, TDG, TGH, TICC, TRGT, TW, WRES, XEC Comment! [Earnings]
Thursday, May 2, 2:42 PM An upgrade to Overweight from Piper helps CommVault (CVLT +6.1%) deliver big gains ahead of its May 7 FQ4 report; the firm has raised its PT to $84 from $74, and thinks the latest release of its flagship Simpana backup/archiving software platform (Simpana 10) will drive additional share gains. CommVault, occasionally the subject of M&A speculation, currently trades at 49x estimated FY14 (ends March '14) EPS. Comment! [Tech, On the Move, Quick Ideas]
Friday, April 5, 9:51 AM The bloodletting in enterprise IT and telecom equipment names that followed F5's March quarter warning yesterday afternoon has spread, with some telecom component/chip names now among the companies getting hit hard. This morning's weak NFP report certainly isn't helping matters. JDSU -5%. CVLT -6.1%. EZCH -4.5%. INFA -3.9%. QLIK -3.9%. MLNX -3.6%. CAVM -8.5%. RKUS -5%. FTNT -3.9%. FNSR -6%. Comment! [Tech, On the Move]
Thursday, March 14, 2:35 PM M&A speculation has led CommVault (CVLT +8%) to surge to new all-time highs. CommVault's above-market growth and strong positioning in the high-end storage backup/recovery software market could appeal to a larger enterprise IT firm, but the company sports a market cap of $3.9B and trades at a lofty 54x estimated FY14 (ends March '14) EPS. Comment! [Tech, On the Move, M&A]
Thursday, February 7, 6:04 PM PVH and Big Lots (BIG) are swapping indices: PVH is joining the S&P 500, and Big Lots is moving to the S&P MidCap 400. Also joining the MidCap 400 are CommVault (CVLT), which is replacing Warnaco Group (WRC), and Primerica (PRI), which replaces soon-to-be-acquired Shaw Group.. Titan (TWI) will take CommVault's current spot in the S&P SmallCap 600. PVH +1.8% AH. BIG -2%. TWI +3.1%. PRI +2.9%. Comment! [Consumer, Tech, Financials, On the Move]
Wednesday, January 30, 7:47 AM Commvault Systems (CVLT): Q4 EPS of $0.39 beats by $0.07. Revenue of $128.1M (+24% Y/Y) beats by $5.43M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, January 30, 12:05 AM Notable earnings before Wednesday’s open: ABFS, ADT, AUDC, BA, BAH, BOH, CEVA, CVLT, HCBK, HES, LLL, MPC, MTOR, MWV, NOC, NYCB, PSX, ROK, SO, TCB, VLY WEC Comment! [Earnings]
Tuesday, January 29, 5:30 PM Notable earnings before Wednesday’s open: ABFS, ADT, AUDC, BA, BAH, BOH, CEVA, CVLT, HCBK, HES, LLL, MPC, MTOR, MWV, NOC, NYCB, PSX, ROK, SO, TCB, VLY WEC Comment! [Earnings]
Tuesday, January 29, 12:48 PM High-beta enterprise IT names continue to sell off (previous) after EMC, VMware, and BMC Software all provide disappointing guidance. Both EMC and VMware's earnings calls (I, II) were peppered with cautious remarks about the global IT spending environment. BMC rivals ServiceNow (SWI -4.5%) and SolarWinds (SWI -4.5%) are among the casualties. Others: RVBD -4.1%. CVLT -3.4%. CTXS -2.7%. FIRE -6.2%. QLIK -2.3%. Comment! [Tech, On the Move]
Wednesday, January 23, 2:37 PM Some enterprise software stocks are trading higher following market-pleasing reports from IBM, SAP, and CA. IBM's earnings call tone and forecast for mid-single-digit 2013 software growth are going over well, as is SAP's (SAP +1.2%) guidance for 2013 software license/cloud subscription revenue growth of 14%-20% at constant currencies - cloud is expected to make up €750M ($998M) of this total. INFA +4.5%. CRM +2.2%. JIVE +2.5%. RHT +2.4%. CTXS +2.2%. CVLT +1.5%. VMW +1.7%. Comment! [Tech, On the Move]

CVLT CommVault Systems, Inc.

CVLT

CommVault Systems, Inc.