Commvault Systems, Inc. (NASDAQ:CVLT) is one of the best M&A target stocks to buy now .

Commvault Systems, Inc. (NASDAQ:CVLT) became a live takeover candidate on April 10, when Reuters reported that the data-protection software company was exploring a potential sale after receiving takeover interest from multiple parties. The report said Commvault was working with Goldman Sachs to evaluate its options, with interest coming from both private equity firms and strategic buyers. Thoma Bravo was among the potential buyers that had expressed interest, and Reuters also reported that the firm had made an earlier offer for the company.

The M&A case is supported by Commvault’s position in data resilience, backup, recovery, and cyber-threat response, areas that remain strategically important for enterprises even as software valuations have faced pressure. On April 28, Commvault reported fiscal fourth-quarter 2026 revenue of $312 million, up 13% year over year, while full-year revenue rose 19% to $1.184 billion. Total ARR increased 21% to $1.122 billion, subscription revenue rose 30% for the year, and SaaS revenue grew 52%, giving potential buyers a cleaner recurring-revenue profile to underwrite.

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Commvault Systems, Inc. (NASDAQ:CVLT) provides cyber resilience, data protection, backup, recovery, and cloud data management software for enterprises across hybrid, cloud, and on-premise environments.

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