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Commvault: Solid Quarter, Buy The Underappreciated Stock

May 05, 2021 3:02 AM ETCommvault Systems, Inc. (CVLT)4 Comments


  • Commvault reported another stellar quarter and guided up. Management is optimistic about share gains and growth prospects.
  • The company's modern platform - consisting of Hyperscale X (Hedvig), Metallic SaaS, and its core data protection - is eliciting strong interest from customers looking to move to the cloud.
  • New products such as Metallic are driving new logo additions, upselling into the existing install base, and attracting new customers who never considered Commvault before.
  • Commvault shares will be driven by beat and raise quarters, multiple expansion, and share buybacks.
  • Given good risk/reward, solid execution, compelling valuation, and opportunity to gain share, Commvault is a buy.
Web banner for innovative automatic backup technology
Photo by Dmitrii Musku/iStock via Getty Images

Following Commvault's (NASDAQ:CVLT) solid F4Q21 results, we reiterate our buy rating on the stock and recommend investors to buy shares on any future weakness. Commvault continues to execute well both on the product side as well as on the business side. Commvault

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Analyst’s Disclosure: I am/we are long CVLT. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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