Commvault Systems Inc. (NASDAQ:CVLT) shares are trending on Wednesday.
Shares of the New Jersey–based data management and cyber resilience company rose 0.15% to $89.26 in after-hours trading on Tuesday following the company’s fiscal third-quarter earnings announcement.
According to Benzinga Pro data, the stock closed the regular session at $89.13, down 31.10%.
Q3 Results Show 19% Revenue Growth
On Tuesday, Commvault reported total revenue of $314 million for the quarter ended Dec. 31, 2025, up 19% year over year. Total annual recurring revenue (ARR) reached $1.085 billion, up 22% year over year, while subscription ARR grew to $941 million, up 28% year over year.
According to the company, subscription revenue totaled $206 million, a 30% increase from a year earlier. This included $119 million from term-based licenses, up 22% and $87 million from SaaS offerings, up 44%.
Sanjay Mirchandani, CEO of Commvault, said, “Customers and partners are turning to Commvault because …