Commvault Announces CFO Transition

Rhea-AI Summary

Commvault (NASDAQ: CVLT) announced that Jen DiRico, Chief Financial Officer, will depart at the end of the calendar year and the company has begun an executive search for a successor.

Until a new CFO is appointed, President and CEO Sanjay Mirchandani will oversee a newly established Office of the CFO staffed by Kevin White, Vice President of Finance, and Danielle Abrahamsen, Chief Accounting Officer. The company said there are no changes to its previously disclosed outlook from its second quarter results on October 28, 2025 and expects to report third quarter 2026 results at the end of January 2026.

Positive

• No change to previously disclosed outlook (Oct 28, 2025)
• Interim Office of the CFO staffed by existing senior finance leaders
• CEO personally overseeing finance transition

Negative

• CFO departure at year-end creates executive turnover
• Company initiated search for new CFO, implying transition period

Key Figures

Total revenue $276.2M Fiscal Q2 2025 revenue, up from $233.3M a year ago

SaaS revenue $80.0M Fiscal Q2 2025 SaaS revenue, up from $49.6M prior year

ARR $1,043.3M Fiscal Q2 2025 ARR, up 22% year over year

Cash & equivalents $1,063.6M Quarter-end cash and cash equivalents in latest 10-Q

Convertible notes $900.0M 0% convertible senior notes due 2030 issued in latest quarter

Cash from operations $108.5M Operating cash flow in latest reported quarter

Q3 2026 results timing End of January 2026 Company expects to report third quarter 2026 results

Q2 earnings release date October 28, 2025 Date of second quarter earnings results referenced as outlook baseline

Market Reality Check

$120.35 Last Close

Volume Volume 452,299 is at 0.65x the 20-day average of 696,324, indicating lighter-than-normal trading. low

Technical Shares at $123.95 are 38.24% below the 52-week high of $200.68, modestly above the 52-week low of $116.33, and trading below the 200-day MA at $167.66.

Peers on Argus

Sector momentum scanners show no peers in active momentum. Among close peers, NICE (-0.64%), OTEX (-0.16%), and PEGA (-1.41%) were down, while SRAD (+3.96%) and IDCC (+1.84%) were up, suggesting mixed, stock-specific trading rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 02	AWS partner award	Positive	+1.9%	Recognized as 2025 AWS Global Storage Partner of the Year.
Dec 01	AWS competency	Positive	-1.8%	Achieved AWS Resilience Competency in Recovery category.
Nov 13	Conference showcase	Positive	-0.8%	Showcased cyber resilience solutions at Microsoft Ignite 2025.
Nov 12	Partner awards	Positive	-0.8%	Announced Commvault Fearless Awards recognizing global partners.
Nov 12	Product innovation	Positive	-0.7%	Announced new recovery innovations in Commvault Cloud Unity platform.

Pattern Detected

Recent largely positive partnership and product news often saw flat-to-negative one-day price reactions, with only one of the last five events showing a positive move.

Recent Company History

Over the past month, Commvault has highlighted ecosystem strength and product innovation. On Nov 12–13, it announced new cyber recovery capabilities and honored global partners, followed by an AI-focused resilience showcase at Microsoft Ignite. In early December 2025, the company secured AWS Resilience Competency and the 2025 AWS Global Storage Partner of the Year award. Price reactions to these positive milestones were mostly modest or negative, providing context for today’s CFO transition announcement and management’s emphasis on continued strong financial performance.

Regulatory & Risk Context

Short Interest

3.57%

0% 15% 30%+

low

Short interest at 3.57% of float with 4.5 days to cover indicates a relatively low level of crowding on the short side, limiting the likelihood of short-driven volatility around management transition headlines based on current data.

Market Pulse Summary

The stock is down -5.2% following this news. A negative reaction despite management’s assurance of no change to outlook would fit a pattern where positive operational updates have not always translated into gains; four of the last five news events saw negative one-day moves. While the transition of the CFO role can raise uncertainty, the company recently reported ARR of $1,043.3M and cash of $1,063.6M. Low short interest at 3.57% suggests selling pressure would likely be fundamentally, not squeeze, driven.

Key Terms

unified resilience technical

"Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale..."

Unified resilience is the ability of a system or organization to withstand and recover from disruptions by seamlessly integrating multiple components or processes. It ensures that different parts work together smoothly to maintain stability and quickly bounce back from challenges. For investors, it signifies a strong foundation that can adapt to changes and reduce the risk of long-term setbacks.

Chief Financial Officer financial

"...Jen DiRico, Chief Financial Officer, will be departing the company..."

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

Office of the CFO financial

"...oversight of a newly established Office of the CFO comprised of Kevin White..."

The office of the CFO is the department within a company responsible for managing its financial activities, including planning, reporting, and overseeing money matters. It acts like the company's financial control center, helping ensure that resources are used wisely and financial goals are met. This office matters to investors because it provides insight into how well the company is managing its finances and its overall financial health.

Chief Accounting Officer financial

"...and Danielle Abrahamsen, Chief Accounting Officer, until the new CFO is in place."

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

AI technical

"...recover fast, confidently move to the cloud, and embrace AI."

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

AI-generated analysis. Not financial advice.

TINTON FALLS, N.J., Dec. 4, 2025 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announced that Jen DiRico, Chief Financial Officer, will be departing the company at the end of the calendar year to pursue another opportunity. The company has initiated a comprehensive executive search for its next CFO.

As part of this transition, Sanjay Mirchandani, Commvault's President and CEO, will assume oversight of a newly established Office of the CFO comprised of Kevin White, Vice President of Finance, and Danielle Abrahamsen, Chief Accounting Officer, until the new CFO is in place.

"I want to thank Jen for her partnership and wish her the best," said Mirchandani. "As we search for our next CFO and continue to execute on our financial objectives, we do so with the support of a seasoned leadership team, industry-leading cyber resilience solutions, and strong financial performance."

"Commvault is in an enviable market position as it leads the way in cyber resilience," said DiRico. "The company empowers customers to recover fast, confidently move to the cloud, and embrace AI. It's been an honor to be part of the company's journey."

The Company notes there are no changes to its outlook as previously disclosed in its second quarter earnings results on October 28, 2025. Commvault expects to report its third quarter 2026 results at the end of January 2026.

About Commvault
Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

View original content to download multimedia:https://www.prnewswire.com/news-releases/commvault-announces-cfo-transition-302633540.html

SOURCE COMMVAULT

FAQ

Who is replacing Jen DiRico as CFO of Commvault (CVLT)?

The company has initiated an executive search; no successor has been named.

When will Commvault (CVLT) report Q3 2026 results after the CFO transition?

Commvault expects to report third quarter 2026 results at the end of January 2026.

Who is handling Commvault (CVLT) finance duties after Jen DiRico leaves?

CEO Sanjay Mirchandani will oversee a temporary Office of the CFO with Kevin White and Danielle Abrahamsen.

Does the CFO departure change Commvault's (CVLT) financial outlook?

The company reported no changes to its previously disclosed outlook from Oct 28, 2025.

When did Commvault announce the CFO transition for CVLT?

The company announced the CFO transition on December 4, 2025.