The latest CVLT stock forecast reflects improved margins due to efficient cost controls. Wall Street consensus targets $85 in the next quarter, contingent on continued cloud adoption by mid-sized enterprises. Market sentiment has shifted from neutral to moderately bullish. Buy And Sell Stocks Online - Open An Account Online Shares of data backup provider Commvault CVLT jumped 16.1% in the morning session after the company reported first-quarter fiscal 2026 results that surpassed analyst expectations and raised its full-year revenue outlook. The data protection company posted revenue of $282 million, a 26% year-over-year increase that beat forecasts. Adjusted earnings came in at $1.01 per share, also ahead of estimates. The strong performance was driven by a significant shift to its subscription-based services. Subscription revenue surged 46% year-over-year, while its Software-as-a-Service (SaaS) offerings jumped 66%. This growth was also reflected in the company’s total Annualized Recurring Revenue (ARR), a key metric for future business, which climbed 24% to $996 million. Capping the positive report, Commvault provided an optimistic forecast for the second quarter and raised its revenue guidance for the full fiscal year. CVLT stock forecast remains upbeat with technical indicators showing RSI hovering around 60, reinforcing a near-term bullish sentiment. Volume spikes align with broader tech sector rallies this month.