CVLT
Commvault Systems, Inc.
CVLT's fundamentals are strong: it turned 20% of its revenue into free cash flow and revenue grew 14%. At 87x earnings, it's trading in line with its usual 92x. Analysts expect strong earnings growth.
CVLT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
CVLT's revenue, profitability, cash flow and balance sheet are all currently healthy.
CVLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 29x | $166 | — |
| Cheap | 41x | $78.75 | -53% |
| Current | 87x | $166 | — |
| Fair | 91x | $175 | +5.5% |
| Expensive | 123x | $236 | +42% |
Historical ranges are pointers, not guarantees.
CVLT's PE is in its fair range at 87x. If earnings grow as analysts expect, today's price would be 29x next year's earnings, in its cheap range.
CVLT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for CVLT, with profitability improving.
CVLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.73 | +199% |
| Q3 2026 | $1.92 | +8.5% |
| Q2 2026 | $1.56 | -13% |
| Q1 2026 | $1.58 | -6% |
| Q4 2025 | $1.93 | -49% |
| Q3 2025 | $1.77 | -55% |
| Q2 2025 | $1.79 | -54% |
| Q1 2025 | $1.68 | -55% |
| Q4 2024 | $3.80 | +$3.82 |
CVLT's earnings per share have fallen from their peak: $1.92 over the past year, against $3.94 in late 2024.
CVLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $312.4M | +13% |
| Q2 2026 | $314.1M | +11% |
| Q1 2026 | $311.7M | +13% |
| Q4 2025 | $313.8M | +19% |
| Q3 2025 | $276.2M | +18% |
| Q2 2025 | $282M | +26% |
| Q1 2025 | $275M | +23% |
| Q4 2024 | $262.6M | +21% |
CVLT's revenue has grown year over year for 14 quarters in a row: $312M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.7% | +5.2 points |
| Q2 2026 | 8.2% | -0.7 points |
| Q1 2026 | 5.3% | -4.4 points |
| Q4 2025 | 6.3% | +1.1 points |
| Q3 2025 | 4.5% | -1.9 points |
| Q2 2025 | 8.9% | +0.7 points |
| Q1 2025 | 9.7% | +1.6 points |
| Q4 2024 | 5.2% | -4.5 points |
CVLT's operating margin was 9.7% last quarter, up 5.2 points from the same quarter a year ago, near the top of its range since 2019.
CVLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $70.9M | -3.7% |
| Q2 2026 | $51.1M | +71% |
| Q1 2026 | $131.8M | +73% |
| Q4 2025 | $1.9M | -94% |
| Q3 2025 | $73.6M | +37% |
| Q2 2025 | $29.8M | -32% |
| Q1 2025 | $76.2M | -3.7% |
| Q4 2024 | $29.9M | -30% |
CVLT's free cash flow has been positive every quarter for seven years: $256M over the past year, up 22% from the year before.
CVLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +352K shares |
| 1 year | -6.6% | -3M shares |
| 3 years | -6% | -2.7M shares |
| 5 years | -11% | -5.4M shares |
| Available history | -8.3% | -3.8M shares |
CVLT has 42M diluted shares, down 6.6% from a year ago, with $418M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $107.7M |
| Q2 2026 | $10.1M |
| Q1 2026 | $259.3M |
| Q4 2025 | $40.7M |
| Q3 2025 | $131M |
| Q2 2025 | $15.1M |
| Q1 2025 | $29.8M |
| Q4 2024 | $31.9M |
CVLT spent $418M buying back its own shares over the past year, up 101% from the year before.
CVLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.6x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -1.6x | Net Cash |
| Q3 2025 | -2.1x | Net Cash |
| Q2 2025 | -4.0x | Net Cash |
| Q1 2025 | -3.7x | Net Cash |
| Q4 2024 | -3.3x | Net Cash |
CVLT has more cash than debt.
CVLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.2 | Neutral |
| Stochastic | 79.8 | Neutral |
CVLT's weekly RSI is 62 (neutral) and its Stochastic is 80 (neutral).
CVLT PE vs Technology Sector
| Metric | CVLT | Sector median | Relative |
|---|---|---|---|
| PE | 87x | 28x | 211% above |
| PE % | 43 | 35 | 8 pts above |
CVLT is trading at 87x earnings, a 211% premium to the Technology sector's median of 28x.
CVLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $157.7 | 5.4% above |
| 20 week MA | $146.7 | 13% above |
| 50 week MA | $121.8 | 36% above |
| 100 week MA | $143.9 | 15% above |
| 200 week MA | $119.8 | 39% above |
CVLT is in an uptrend: it's above all five of its weekly moving averages, and 39% above its 200-week average.
CVLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.9 | $57.2 | +27% |
| 2021 | $57.2 | $68.1 | +19% |
| 2022 | $68.1 | $62.7 | -8.1% |
| 2023 | $62.7 | $79.9 | +27% |
| 2024 | $79.9 | $153.7 | +93% |
| 2025 | $153.7 | $128.4 | -16% |
| 2026 YTD | $128.4 | $166.2 | +29% |
CVLT has finished higher in four of the last six years. It's up 29% so far in 2026.