CVLT
Commvault Systems, Inc.
CVLT has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over CVLT overall, supported by stronger fundamentals.
CVLT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
CVLT's revenue, profitability, cash flow and balance sheet are all currently healthy.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over CVLT in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, 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.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over CVLT in the latest year-over-year earnings comparison.
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.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over CVLT on profitability, with a higher operating margin.
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.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over CVLT on cash flow, with more consistent year-over-year improvement.
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 the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| 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.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
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.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has the edge over CVLT on leverage, with a lower net debt burden relative to earnings.
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).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
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.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over CVLT on valuation relative to its sector.
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 has stronger trend alignment. CVLT is above 5 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-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.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over CVLT on returns for 2026, with the stronger performance.