Recent News
On February 2, 2026 the company announced Commvault Geo Shield™, a data-residency and sovereign-cloud solution approach. On February 25, 2026 Commvault publicized bi-directional integration with CrowdStrike Falcon Next‑Gen SIEM and related partner recognitions. Multiple shareholder-focused law firms issued investigation notices in January–February 2026 following the company’s late‑January disclosures.
Technical Analysis
ADX at 35.75 indicates a strong underlying trend; trend strength increases the significance of directional signals when they align with momentum and moving‑average structure.
DI+ shows a dip & reversal while DI− shows a peak & reversal, a combination that reads as bullish directional confirmation despite DI− remaining numerically higher than DI+; this suggests directional pressure has shifted toward buyers but with residual selling influence.
MACD sits at −4.19 after a dip & reversal and currently trades above its signal line (MACD −4.19 vs signal −4.55), producing a bullish momentum signal that supports the directional indicators.
MRO equals −28.12 and remains negative while trending higher, which implies the market price sits below the target and carries measured upside potential as momentum normalizes toward fair value.
RSI at 36.3 with a decreasing trajectory shows short‑term momentum weakness and a vulnerability to near‑term pullbacks even as some trend/momentum indicators skew bullish.
Price sits below the 12‑ and 26‑day EMAs (price close $79.41; 12‑day EMA $81.64 decreasing; 26‑day EMA $85.66), and below the 20‑ and 50‑day averages (20‑day $82.61, 50‑day $94.67), indicating the short‑to‑intermediate structure favors consolidation or corrective action until price reclaims the short EMAs. The lower Bollinger band near $78.64 represents immediate support; the super trend upper band at $86.65 marks the next clear resistance barrier.
Volume averaged higher than 10‑day norms on recent sessions (10‑day avg ~1.29M vs daily ~2.06M today), signaling episodic attention; volatility measures remain moderate (42‑day volatility 5%), so moves may extend if momentum aligns with headlines.
Fundamental Analysis
Total revenue reached $313,832,000 with YoY revenue growth of 8.33% and an overall revenue growth metric of 13.63%. SaaS and subscription traction cited in the company’s quarter underpins recurring revenue expansion, but QoQ revenue growth registered a contraction of 7.64%.
Margins show operating margin at 10.09% and EBIT margin at 9.07%, with both margins up materially YoY (EBIT margin YoY +56.67%; EBIT margin QoQ +59.23%). EBIT of $28,473,000 and EBITDA of $32,255,000 signal positive operating profitability despite the elevated valuation.
EPS reported $1.17 on the report dated January 27, 2026, beating an estimate of $0.98 by $0.19, a surprise of 19.39%.
Liquidity and cash position appear strong on the balance sheet: cash and short‑term investments total $1,026,346,000 and the current ratio equals 2.34; the cash ratio equals 1.66, indicating ample near‑term coverage of current liabilities.
Cashflow metrics undercut the operational picture: free cash flow only $1,926,000 and free cash flow yield 0.03%, with free cash flow growth effectively negative QoQ and YoY deterioration in cash conversion (cash flow margin −33.64% and operating cash flow $4,045,000). The company reports a sizable cash conversion ratio of 0.3788 but a negative cash flow delta and large changes in working capital.
Leverage stands elevated: total debt $918,645,000, debt‑to‑assets 45.07%, and debt‑to‑equity 423.86%, while interest coverage remains healthy at 19.65x. Debt‑to‑EBITDA near 28.48 signals significant leverage relative to current earnings before depreciation and amortization.
Valuation multiples convey premium positioning: price‑to‑book roughly 26.94—above the industry peer mean and median—while the P/E near 113.33 sits below the industry peer mean but above the peer median; PEG about 3.97 sits below the industry peer mean. Enterprise‑to‑revenue and EV multiples also reflect elevated expectations. Given weak free cash flow yield and high leverage, the current valuation appears stretched relative to the company’s cashflow profile.
WMDST values the stock as over‑valued based on the combination of elevated market multiples, thin free cash generation, and substantial leverage despite improving subscription metrics and a profitable operating base.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-27 |
| NEXT REPORT DATE: | 2026-04-28 |
| CASH FLOW | Begin Period Cash Flow | $ 1.1 B |
| Operating Cash Flow | $ 4.0 M | |
| Capital Expenditures | $ -2.12 M | |
| Change In Working Capital | $ -61.39 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -37.21 M | |
| End Period Cash Flow | $ 1.0 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 313.8 M | |
| Forward Revenue | $ 234.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 59.3 M | |
| Depreciation | $ 3.8 M | |
| Depreciation and Amortization | $ 3.8 M | |
| Research and Development | $ 42.2 M | |
| Total Operating Expenses | $ 282.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 254.5 M | |
| EBITDA | $ 32.3 M | |
| EBIT | $ 28.5 M | |
| Operating Income | $ 31.7 M | |
| Interest Income | $ 8.4 M | |
| Interest Expense | $ 1.4 M | |
| Net Interest Income | $ 7.0 M | |
| Income Before Tax | $ 27.0 M | |
| Tax Provision | $ 9.2 M | |
| Tax Rate | 34.199 % | |
| Net Income | $ 17.8 M | |
| Net Income From Continuing Operations | $ 17.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.98 | |
| EPS Actual | $ 1.17 | |
| EPS Difference | $ 0.19 | |
| EPS Surprise | 19.388 % | |
| Forward EPS | $ 1.21 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.0 B | |
| Intangible Assets | $ 231.8 M | |
| Net Tangible Assets | $ -15.08 M | |
| Total Current Assets | $ 1.4 B | |
| Cash and Short-Term Investments | $ 1.0 B | |
| Cash | $ 1.0 B | |
| Net Receivables | $ 361.8 M | |
| Inventory | — | |
| Long-Term Investments | $ 65.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 268.0 K | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 616.6 M | |
| Net Debt | — | |
| Total Debt | $ 918.6 M | |
| Total Liabilities | $ 1.8 B | |
| EQUITY | ||
| Total Equity | $ 216.7 M | |
| Retained Earnings | $ -1.25 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 4.92 | |
| Shares Outstanding | 44.034 M | |
| Revenue Per-Share | $ 7.13 | |
| VALUATION | Market Capitalization | $ 5.8 B |
| Enterprise Value | $ 5.7 B | |
| Enterprise Multiple | 177.686 | |
| Enterprise Multiple QoQ | -56.867 % | |
| Enterprise Multiple YoY | -53.066 % | |
| Enterprise Multiple IPRWA | high: 416.607 CVLT: 177.686 mean: 78.001 median: 61.115 low: -199.076 |
|
| EV/R | 18.262 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.404 | |
| Asset To Liability | 1.119 | |
| Debt To Capital | 0.809 | |
| Debt To Assets | 0.451 | |
| Debt To Assets QoQ | -4.895 % | |
| Debt To Assets YoY | 3878.199 % | |
| Debt To Assets IPRWA | high: 0.87 CVLT: 0.451 mean: 0.168 median: 0.087 low: 0.001 |
|
| Debt To Equity | 4.239 | |
| Debt To Equity QoQ | -1.808 % | |
| Debt To Equity YoY | 10417.717 % | |
| Debt To Equity IPRWA | CVLT: 4.239 high: 2.989 mean: 0.25 median: 0.147 low: -1.778 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 26.941 | |
| Price To Book QoQ | -27.918 % | |
| Price To Book YoY | 10.238 % | |
| Price To Book IPRWA | CVLT: 26.941 high: 24.203 mean: 10.865 median: 9.178 low: -5.151 |
|
| Price To Earnings (P/E) | 113.334 | |
| Price To Earnings QoQ | -42.243 % | |
| Price To Earnings YoY | -33.333 % | |
| Price To Earnings IPRWA | high: 522.411 mean: 127.435 CVLT: 113.334 median: 101.811 low: -262.004 |
|
| PE/G Ratio | 3.967 | |
| Price To Sales (P/S) | 18.605 | |
| Price To Sales QoQ | -34.674 % | |
| Price To Sales YoY | -30.54 % | |
| Price To Sales IPRWA | high: 116.554 mean: 45.082 median: 44.141 CVLT: 18.605 low: 0.761 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 115.597 | |
| Forward PE/G | 4.046 | |
| Forward P/S | 24.945 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 5.938 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.159 | |
| Asset Turnover Ratio QoQ | -11.127 % | |
| Asset Turnover Ratio YoY | -40.109 % | |
| Asset Turnover Ratio IPRWA | high: 0.373 CVLT: 0.159 mean: 0.13 median: 0.125 low: 0.0 |
|
| Receivables Turnover | 1.052 | |
| Receivables Turnover Ratio QoQ | -6.633 % | |
| Receivables Turnover Ratio YoY | -6.622 % | |
| Receivables Turnover Ratio IPRWA | high: 6.216 mean: 1.578 median: 1.485 CVLT: 1.052 low: 0.392 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 86.741 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 113.407 mean: 63.698 median: 62.904 low: 21.685 CVLT: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.379 | |
| CapEx To Revenue | -0.007 | |
| CapEx To Depreciation | -0.56 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.1 B | |
| Invested Capital | $ 1.1 B | |
| Net Tangible Assets | $ -15.08 M | |
| Net Working Capital | $ 828.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.664 | |
| Current Ratio | 2.343 | |
| Current Ratio QoQ | -7.277 % | |
| Current Ratio YoY | 107.939 % | |
| Current Ratio IPRWA | high: 7.11 CVLT: 2.343 mean: 1.813 median: 1.386 low: 0.466 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 28.481 | |
| Cost Of Debt | 0.132 % | |
| Interest Coverage Ratio | 19.65 | |
| Interest Coverage Ratio QoQ | -20.461 % | |
| Interest Coverage Ratio YoY | -86.564 % | |
| Interest Coverage Ratio IPRWA | high: 148.909 median: 66.552 mean: 45.547 CVLT: 19.65 low: -122.007 |
|
| Operating Cash Flow Ratio | -0.171 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 0.52 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 6.323 % | |
| Revenue Growth | 13.63 % | |
| Revenue Growth QoQ | -763.906 % | |
| Revenue Growth YoY | 8.329 % | |
| Revenue Growth IPRWA | high: 19.11 % CVLT: 13.63 % mean: 6.004 % median: 4.635 % low: -10.142 % |
|
| Earnings Growth | 28.571 % | |
| Earnings Growth QoQ | -388.567 % | |
| Earnings Growth YoY | 115.581 % | |
| Earnings Growth IPRWA | high: 153.333 % CVLT: 28.571 % mean: 13.566 % median: 9.783 % low: -163.636 % |
|
| MARGINS | ||
| Gross Margin | 81.106 % | |
| Gross Margin QoQ | 1.294 % | |
| Gross Margin YoY | -0.469 % | |
| Gross Margin IPRWA | high: 94.68 % CVLT: 81.106 % mean: 71.905 % median: 68.036 % low: 37.597 % |
|
| EBIT Margin | 9.073 % | |
| EBIT Margin QoQ | 59.231 % | |
| EBIT Margin YoY | 56.674 % | |
| EBIT Margin IPRWA | high: 78.69 % median: 60.268 % mean: 46.493 % CVLT: 9.073 % low: -97.081 % |
|
| Return On Sales (ROS) | 10.087 % | |
| Return On Sales QoQ | 100.139 % | |
| Return On Sales YoY | 74.184 % | |
| Return On Sales IPRWA | high: 76.917 % median: 47.094 % mean: 36.599 % CVLT: 10.087 % low: -76.387 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.9 M | |
| Free Cash Flow Yield | 0.033 % | |
| Free Cash Flow Yield QoQ | -96.471 % | |
| Free Cash Flow Yield YoY | -92.235 % | |
| Free Cash Flow Yield IPRWA | high: 5.274 % mean: 0.213 % median: 0.164 % CVLT: 0.033 % low: -3.727 % |
|
| Free Cash Growth | -97.383 % | |
| Free Cash Growth QoQ | -166.291 % | |
| Free Cash Growth YoY | 119.366 % | |
| Free Cash Growth IPRWA | high: 265.627 % mean: -23.509 % median: -77.08 % CVLT: -97.383 % low: -204.458 % |
|
| Free Cash To Net Income | 0.108 | |
| Cash Flow Margin | -33.638 % | |
| Cash Flow To Earnings | -5.937 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.899 % | |
| Return On Assets QoQ | -5.567 % | |
| Return On Assets YoY | -19.155 % | |
| Return On Assets IPRWA | high: 16.838 % median: 5.909 % mean: 4.892 % CVLT: 0.899 % low: -10.846 % |
|
| Return On Capital Employed (ROCE) | 2.003 % | |
| Return On Equity (ROE) | 0.082 | |
| Return On Equity QoQ | 17.231 % | |
| Return On Equity YoY | 114.286 % | |
| Return On Equity IPRWA | high: 0.344 median: 0.098 mean: 0.086 CVLT: 0.082 low: -0.282 |
|
| DuPont ROE | 8.325 % | |
| Return On Invested Capital (ROIC) | 1.709 % | |
| Return On Invested Capital QoQ | 21.292 % | |
| Return On Invested Capital YoY | -135.723 % | |
| Return On Invested Capital IPRWA | high: 22.805 % median: 9.056 % mean: 7.424 % CVLT: 1.709 % low: -11.474 % |
|