COMMVAULT SYSTEMS INC
In the published model solve dated 2026-Q2, anchored at $136.41, COMMVAULT SYSTEMS INC (CVLT) is priced for +49.2% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Recurring revenue closed fiscal 2026 at $1,121.6 million, up 21% on the year, and the cloud-delivered portion of it reached $400.2 million, up 42%. • That cloud line grew 68% the year before, and the 10-K is blunt that ⟦"many of our competitors have greater resources and larger, established customer bases"⟧, so how fast the deceleration continues is the question a buyer at today's price is answering. • Fiscal first quarter results are due July 28, 2026, the first print since a cluster of rai
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368 institutional managers reported holding CVLT in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 48%. 82 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 3.1M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (4.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CVLT has cut its share count 4.5% over the past five years, spending $1.16B on repurchases. It pays no dividend. Cash returned over the past three years: $744.11M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CVLT over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CVLT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -9.6% | -3.8% |
| 2023-11-02 | +0.3% | +14.3% |
| 2024-02-01 | +12.5% | +5.3% |
| 2024-05-14 | +3.3% | +14.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CVLT's latest 8-K filings: 2026-08-06 (items 5.07); 2026-07-28 (items 2.02, 9.01); 2026-04-28 (items 2.02, 9.01); 2026-04-13 (items 5.02, 7.01, 9.01); 2026-01-27 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.