Commvault (CVLT) expanded its Cloud Rewind platform on August 18, tripling its protection and recovery capabilities for Microsoft Azure resource types. This move, following strong fiscal Q1 2027 results reported on July 28 with subscription revenue up 16% year-over-year to $267 million and free cash flow jumping 71%, positions cloud recovery as a key growth engine. However, Wall Street shows caution, with hedge fund ownership falling from 36 to 28 funds in the most recent quarter, and short interest sitting at 9.07% of the float as of September 4. The company's Q2 subscription revenue guidance of $264-$268 million is essentially flat sequentially, and its GAAP operating margin of 8.2% is significantly lower than the non-GAAP margin of 22.8%.