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TINTON FALLS, N.J. - Commvault (NASDAQ:CVLT), a provider of cyber resilience and data protection solutions with a market capitalization of $7.64 billion and impressive revenue growth of 22% over the last twelve months, announced Monday the appointment of Geoff Haydon to its Board of Directors, effective October 17, 2025.
Haydon, who will also serve on the Audit Committee, brings more than 30 years of experience in cybersecurity and managed detection and response services. He currently serves as Chief Executive Officer of Ontinue, a provider of AI-powered managed extended detection and response services. The appointment comes as Commvault maintains strong financial health with industry-leading gross profit margins of 82%.
At Ontinue, which spun out of Open Systems, Haydon led the development of the ION MDR platform and guided the company to profitability in 2025. His previous experience includes senior leadership positions at VMware, Secureworks, Absolute Software, EMC, and RSA. According to InvestingPro, Commvault currently appears overvalued based on its Fair Value analysis, with 12 additional ProTips available for subscribers.
"Geoff’s extensive cybersecurity and operational expertise will be an invaluable addition to Commvault’s Board as we continue advancing our leadership in cyber resilience," said Nicholas Adamo, Chairman of the Board at Commvault, according to the company’s press release.
Haydon stated, "Commvault’s mission to help organizations advance cyber resilience in the AI era resonates strongly with my passion for building resilient, intelligent security platforms."
Commvault describes itself as serving more than 100,000 organizations with cyber resilience solutions across various workloads and environments.
In other recent news, CommVault Systems Inc. reported a robust financial performance for the first quarter of 2025, showcasing significant growth in total annual recurring revenue and subscription revenue. Despite these positive earnings results, the company’s stock experienced a decline in pre-market trading due to broader market trends and specific investor concerns. Looking ahead, Guggenheim has maintained its Buy rating on CommVault, with a price target set at $220.00, anticipating upside in the fiscal second quarter of 2026. The firm expects the company to report cloud computing normalized annual recurring revenue of approximately $44 million, surpassing buy-side expectations. Additionally, Guggenheim projects a total revenue growth of 18% on a constant currency basis for the upcoming quarter, even though it is traditionally a softer period for term subscriptions. These developments provide a comprehensive view of CommVault’s recent financial performance and future outlook as per analysts’ expectations.
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