Enterprise Data Protection and Cyber Resilience Software
Strategic Profile
The platform offers Operational Recovery providing backup and verifiable recovery, autonomous recovery for disaster and cyber recovery across hybrid and multi-cloud environments, and Cyber Recovery for threat scanning and threat detection. The company is executing a transformation toward a recurring revenue model, with subscription revenue growing 35% year-over-year to $561 million in the first three quarters of fiscal 2026.
Cyborg Score Rationale
Q3 2026 revenue of $314 million represented 19% YoY growth, exceeding guidance of $298-300 million. However, despite beating expectations, the stock plummeted 33.66% following earnings on January 27, 2026, signaling investor concerns about future growth sustainability beyond reported strong results.
Top Insights
Subscription revenue growth of 35% YoY demonstrates successful SaaS transformation
Achieved $1 billion in ARR with positioning as a leading cyber resiliency and data backup provider
Leverages robust partner ecosystem including major cloud providers and global system integrators, backed by 1,600 patents
Slight deceleration in SaaS Net Dollar Retention Rate from 127% to 121% may be concerning investor sentiment despite overall growth