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NEW JERSEY - Commvault (NASDAQ:CVLT), a $7.43 billion market cap data management company with an impressive 82% gross profit margin according to InvestingPro, announced Wednesday the general availability of Clumio Backtrack for Amazon DynamoDB, a new solution aimed at improving data recovery capabilities for the widely used cloud-native NoSQL database.
The new offering enables organizations to revert DynamoDB tables to previous points in time without reconfiguration and allows recovery of individual partitions rather than entire tables, according to the company’s press release.
Commvault claims the solution can significantly reduce recovery times for organizations managing complex tables with billions of records, particularly following incidents such as bugs, accidental deletions, or related events.
"Clumio Backtrack removes the friction and risk from database recovery," said Woon Jung, Chief Technology Officer, Cloud Native at Commvault. "Now, teams can roll back or restore their data in minutes, not days, and without needing to perform complex, multi-step manual recoveries."
The release follows Commvault’s earlier launch of Clumio Backtrack for Amazon Simple Storage Service (S3), expanding the company’s recovery capabilities for AWS customers. This expansion aligns with Commvault’s strong growth trajectory, with revenue increasing 18.63% over the last twelve months. InvestingPro analysis reveals 12 additional key insights about Commvault’s business model and growth potential.
Archana Venkatraman, Senior Research Director at IDC, noted in the press release that "precise, point-in-time recovery for DynamoDB is a significant advancement" that "reduces downtime, risks and operational costs."
The solution is now available globally through the AWS Marketplace with consumption-based pricing. Commvault states the offering uses an "incremental forever" backup model that may lower total cost of ownership compared to native options that only offer full backups. While the company maintains strong financial health with an "GOOD" rating from InvestingPro, current market prices suggest the stock may be trading above its Fair Value. For detailed valuation analysis and comprehensive insights, investors can access the full Pro Research Report, available for over 1,400 US stocks.
In other recent news, CommVault Systems has experienced several notable developments. The company has received an upgrade from Guggenheim, which shifted its stock rating from Neutral to Buy, citing positive trends in data protection as a key driver. Additionally, DA Davidson has adjusted its price target for CommVault Systems to $200, maintaining a Buy rating while addressing foreign exchange considerations that could impact future financial guidance. Piper Sandler, on the other hand, has maintained a Neutral rating with a $168 price target, highlighting sector-wide tailwinds and CommVault’s strategic partnership expansions.
CommVault has also made significant appointments, naming Alan Atkinson as its first Chief Business Development Officer and Michelle Graff as Senior Vice President of Global Partners and Channel. These leadership changes aim to enhance strategic partnerships and market initiatives. Furthermore, CommVault announced a partnership with Kyndryl to bolster cyber resilience services, enhancing capabilities in incident recovery and regulatory compliance. These recent developments reflect ongoing strategic efforts to strengthen CommVault’s market position and service offerings.
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