The Cybersecurity Company Commvault Systems Impresses With Strong Figures and Could Soon Break out of a Double Bottom!

Commvault Systems is one of the market leaders in data backup and recovery. The company delivered strong numbers for Q4 on April 29, exceeding estimates with revenues of $275 million and earnings of $1.03 per share. The software is considered one of the best backup and recovery solutions in the industry. In the last fiscal year, nearly 3,000 subscription customers were acquired. The SaaS retention rate stands at a strong 127%, and the gross margin in Q4 reached 83.1%. For the new fiscal year, management is optimistic and aims for a total revenue...