Commvault Appoints New CFO and President of Customer Operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2026
0mins
Should l Buy CVLT?
Commvault announced two leadership appointments, effective immediately, to support the company's continued growth strategy. Both roles report to Commvault's President and CEO Sanjay Mirchandani. Gary Merrill has been named CFO. With more than two decades of experience at Commvault, Merrill spent 15 years in the finance organization, including as CFO from 2022-2024. Merrill spent the last two years as Commvault's Chief Commercial Officer, leading the Sales and Partner organization, and brings this unique customer-centric mindset to the CFO role. Geoff Haydon has been appointed President of Customer and Field Operations and will oversee the end-to-end customer experience, from Sales and Partnerships through Customer Support and Success. Haydon most recently was CEO of cybersecurity company Ontinue, a leading provider of AI-powered managed extended detection and response services which spun out of Open Systems in 2023.
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Analyst Views on CVLT
Wall Street analysts forecast CVLT stock price to rise
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 95.900
Low
100.00
Averages
140.33
High
185.00
Current: 95.900
Low
100.00
Averages
140.33
High
185.00
About CVLT
Commvault Systems, Inc. is a provider of cyber resilience and data protection solutions. The Company’s cyber resilience platform combines data security and rapid recovery at enterprise scale across any workload. The Company provides these products and services for their data across many types of environments, including on-premises, hybrid and multi-cloud. Its offerings are delivered via self-managed software, software-as-a-service (SaaS), integrated appliances, or managed by partners. Its Commvault Cloud offerings are organized into three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Its Operational Recovery provides backup, verifiable recovery, and cost-optimized cloud workload mobility, helping to ensure data availability and granular recovery, even across multiple clouds. In addition, it also provides customers with a range of offerings, including Cleanroom Recovery, HyperScale X, Air Gap Protect, Cloud Rewind, Clumio Backtrack and Compliance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SCOTIABANK BEGINS COVERAGE OF COMMVAULT SYSTEMS INC WITH A SECTOR PERFORM RATING AND A TARGET PRICE OF $105
Company Overview: CommVault Systems, Inc. is a company that specializes in data management and protection solutions.
Market Activity: The company has initiated coverage with a sector performance rating, indicating a neutral outlook on its stock performance.
Target Price: The target price for CommVault's stock has been set at $105.
Investment Implications: Investors may consider the sector performance rating and target price when making decisions regarding CommVault's stock.
See More
Quantum Secure Encryption Corp Launches New Platform Amid Rising Cybersecurity Threats
- Surge in Cybersecurity Spending: Gartner forecasts global cybersecurity spending to reach $240 billion in 2026, a 12.5% increase from last year, as enterprises face dual threats from ransomware and AI attacks, with average breach costs hitting $5.08 million, prompting urgent defense overhauls.
- Launch of Quantum Encryption Platform: Quantum Secure Encryption Corp has introduced the QPA v2 platform designed to help organizations identify encryption vulnerabilities and create remediation plans, offering a planning wizard for governance, budgets, and migration timelines to tackle quantum computing threats.
- Public Sector Collaboration Success: The company secured its first municipal government pilot through membership in the Municipal Information Systems Association, using QPA to identify systems reliant on encryption and begin planning replacements, indicating strong potential for market expansion in the public sector.
- Global Market Expansion: Since November 2025, Quantum Secure Encryption Corp has expanded from four to thirteen operational markets worldwide, with eleven active value-added distributors and two more partnerships expected to close soon, demonstrating rapid growth in the quantum security sector.
See More
Quantum Secure Encryption Corp. Launches New Platform to Address Cyber Threats
- Surge in Cybersecurity Spending: Gartner forecasts global cybersecurity spending to reach $240 billion in 2026, a 12.5% increase from last year, as enterprises face dual threats from ransomware and AI attacks, with average breach costs hitting $5.08 million, compelling companies to accelerate defense rebuilding.
- Quantum Migration Guidance: NIST's latest post-quantum migration guidance urges organizations to overhaul their cryptographic systems immediately to counter adversaries harvesting encrypted data, ensuring preparedness before quantum computing matures, thereby enhancing corporate cryptographic agility and autonomous threat detection capabilities.
- Launch of QPA v2 Platform: Quantum Secure Encryption Corp. has launched the QPA v2 platform to help organizations identify encryption vulnerabilities and develop remediation plans, featuring a planning wizard for governance, budgets, and migration timelines, while providing real-time monitoring of risk exposure and migration progress to support proactive quantum risk management.
- Public Sector Collaboration Results: QSE has established a pilot partnership with its first municipal government, utilizing QPA v2 to identify systems dependent on encryption and begin planning replacements, with ongoing discussions with additional municipalities indicating rapid expansion potential in the public sector.
See More
Commvault Expands Flex Partner Ecosystem for Enhanced Cyber Recovery Solutions
- Partner Expansion: Commvault has announced the expansion of its Flex partner ecosystem to include Hitachi Vantara and NetApp, aimed at providing greater choice and scalability for organizations with large dynamic datasets, thereby enhancing data protection and recovery capabilities.
- Surge in AI Demand: The demand for AI-ready data center capacity is expected to grow at an annual rate of 33%, driving an acute need for flexible and resilient solutions that support the recovery of critical systems while reducing costs.
- Flexible Architecture Benefits: The architecture of Commvault Flex connects to external high-performance flash storage pools, enabling enterprises to scale performance and capacity independently while avoiding overprovisioning and meeting stringent service level agreements.
- Market Positioning and Pricing: The integration with Hitachi Vantara and NetApp is targeted for general availability this summer, with pricing configured based on specific server and storage options selected, further enhancing enterprise confidence in meeting cyber recovery performance objectives.
See More
Commvault Expands Flex Partner Ecosystem with Hitachi and NetApp
- Ecosystem Expansion: Commvault has announced the expansion of its Flex partner ecosystem to include Hitachi Vantara and NetApp, aimed at providing greater choice and scalability for organizations with large dynamic datasets, thereby enhancing data protection and recovery capabilities.
- AI-Driven Data Demand: The demand for AI-ready data center capacity is expected to grow at an annual rate of 33%, prompting enterprises to seek flexible solutions that can scale performance and capacity independently of traditional compute and storage, reducing costs and supporting stringent service level agreements.
- Enhanced Recovery Capabilities: The collaboration with Hitachi Vantara and NetApp enables Commvault Flex to assist enterprises in meeting cyber recovery performance objectives while maintaining consistency with their preferred storage vendors, thereby improving data availability and cyber resilience.
- Market Competitive Advantage: The integration of Commvault Flex with Hitachi Vantara and NetApp not only enhances enterprises' risk management capabilities against sophisticated cyber threats but also provides customers with high-performance, enterprise-grade storage solutions to accelerate recovery across large dynamic datasets.
See More
Commvault Systems Faces Potential Securities Fraud Investigation
- Investigation Initiated: The Portnoy Law Firm has launched an investigation into possible securities fraud involving Commvault Systems, Inc., and may file a class action on behalf of investors, who are encouraged to contact the firm to discuss their legal rights.
- Stock Price Collapse: Commvault's stock plummeted by $40.23, or 31.1%, to close at $89.13 per share on January 27, 2026, resulting in significant losses for investors and reflecting market concerns about the company's financial health.
- Deteriorating Financial Performance: The company reported a SaaS annual recurring revenue growth rate of 40%, totaling $364 million for the third quarter of fiscal 2026, a significant decline from the 56% growth reported in the previous quarter, indicating a slowdown in a previously high-growth segment.
- Increased Execution Risk: Management disclosed that 60% of deals closed in the last few weeks of the quarter, raising concerns about the quality and sustainability of reported figures, which led to a rapid loss of investor confidence and a sharp erosion of shareholder value.
See More
SCOTIABANK BEGINS COVERAGE OF COMMVAULT SYSTEMS INC WITH A SECTOR PERFORM RATING AND A TARGET PRICE OF $105
Company Overview: CommVault Systems, Inc. is a company that specializes in data management and protection solutions.
Market Activity: The company has initiated coverage with a sector performance rating, indicating a neutral outlook on its stock performance.
Target Price: The target price for CommVault's stock has been set at $105.
Investment Implications: Investors may consider the sector performance rating and target price when making decisions regarding CommVault's stock.
See More
Quantum Secure Encryption Corp Launches New Platform Amid Rising Cybersecurity Threats
- Surge in Cybersecurity Spending: Gartner forecasts global cybersecurity spending to reach $240 billion in 2026, a 12.5% increase from last year, as enterprises face dual threats from ransomware and AI attacks, with average breach costs hitting $5.08 million, prompting urgent defense overhauls.
- Launch of Quantum Encryption Platform: Quantum Secure Encryption Corp has introduced the QPA v2 platform designed to help organizations identify encryption vulnerabilities and create remediation plans, offering a planning wizard for governance, budgets, and migration timelines to tackle quantum computing threats.
- Public Sector Collaboration Success: The company secured its first municipal government pilot through membership in the Municipal Information Systems Association, using QPA to identify systems reliant on encryption and begin planning replacements, indicating strong potential for market expansion in the public sector.
- Global Market Expansion: Since November 2025, Quantum Secure Encryption Corp has expanded from four to thirteen operational markets worldwide, with eleven active value-added distributors and two more partnerships expected to close soon, demonstrating rapid growth in the quantum security sector.
See More
Quantum Secure Encryption Corp. Launches New Platform to Address Cyber Threats
- Surge in Cybersecurity Spending: Gartner forecasts global cybersecurity spending to reach $240 billion in 2026, a 12.5% increase from last year, as enterprises face dual threats from ransomware and AI attacks, with average breach costs hitting $5.08 million, compelling companies to accelerate defense rebuilding.
- Quantum Migration Guidance: NIST's latest post-quantum migration guidance urges organizations to overhaul their cryptographic systems immediately to counter adversaries harvesting encrypted data, ensuring preparedness before quantum computing matures, thereby enhancing corporate cryptographic agility and autonomous threat detection capabilities.
- Launch of QPA v2 Platform: Quantum Secure Encryption Corp. has launched the QPA v2 platform to help organizations identify encryption vulnerabilities and develop remediation plans, featuring a planning wizard for governance, budgets, and migration timelines, while providing real-time monitoring of risk exposure and migration progress to support proactive quantum risk management.
- Public Sector Collaboration Results: QSE has established a pilot partnership with its first municipal government, utilizing QPA v2 to identify systems dependent on encryption and begin planning replacements, with ongoing discussions with additional municipalities indicating rapid expansion potential in the public sector.
See More
Commvault Expands Flex Partner Ecosystem for Enhanced Cyber Recovery Solutions
- Partner Expansion: Commvault has announced the expansion of its Flex partner ecosystem to include Hitachi Vantara and NetApp, aimed at providing greater choice and scalability for organizations with large dynamic datasets, thereby enhancing data protection and recovery capabilities.
- Surge in AI Demand: The demand for AI-ready data center capacity is expected to grow at an annual rate of 33%, driving an acute need for flexible and resilient solutions that support the recovery of critical systems while reducing costs.
- Flexible Architecture Benefits: The architecture of Commvault Flex connects to external high-performance flash storage pools, enabling enterprises to scale performance and capacity independently while avoiding overprovisioning and meeting stringent service level agreements.
- Market Positioning and Pricing: The integration with Hitachi Vantara and NetApp is targeted for general availability this summer, with pricing configured based on specific server and storage options selected, further enhancing enterprise confidence in meeting cyber recovery performance objectives.
See More
Commvault Expands Flex Partner Ecosystem with Hitachi and NetApp
- Ecosystem Expansion: Commvault has announced the expansion of its Flex partner ecosystem to include Hitachi Vantara and NetApp, aimed at providing greater choice and scalability for organizations with large dynamic datasets, thereby enhancing data protection and recovery capabilities.
- AI-Driven Data Demand: The demand for AI-ready data center capacity is expected to grow at an annual rate of 33%, prompting enterprises to seek flexible solutions that can scale performance and capacity independently of traditional compute and storage, reducing costs and supporting stringent service level agreements.
- Enhanced Recovery Capabilities: The collaboration with Hitachi Vantara and NetApp enables Commvault Flex to assist enterprises in meeting cyber recovery performance objectives while maintaining consistency with their preferred storage vendors, thereby improving data availability and cyber resilience.
- Market Competitive Advantage: The integration of Commvault Flex with Hitachi Vantara and NetApp not only enhances enterprises' risk management capabilities against sophisticated cyber threats but also provides customers with high-performance, enterprise-grade storage solutions to accelerate recovery across large dynamic datasets.
See More
Commvault Systems Faces Potential Securities Fraud Investigation
- Investigation Initiated: The Portnoy Law Firm has launched an investigation into possible securities fraud involving Commvault Systems, Inc., and may file a class action on behalf of investors, who are encouraged to contact the firm to discuss their legal rights.
- Stock Price Collapse: Commvault's stock plummeted by $40.23, or 31.1%, to close at $89.13 per share on January 27, 2026, resulting in significant losses for investors and reflecting market concerns about the company's financial health.
- Deteriorating Financial Performance: The company reported a SaaS annual recurring revenue growth rate of 40%, totaling $364 million for the third quarter of fiscal 2026, a significant decline from the 56% growth reported in the previous quarter, indicating a slowdown in a previously high-growth segment.
- Increased Execution Risk: Management disclosed that 60% of deals closed in the last few weeks of the quarter, raising concerns about the quality and sustainability of reported figures, which led to a rapid loss of investor confidence and a sharp erosion of shareholder value.
See More
