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Commvault Systems (CVLT) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, Commvault Systems (CVLT - Free Report) was down 1.44% at $119.84. This change lagged the S&P 500's 0.16% loss on the day. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 0.59%.
Shares of the data-management software company have depreciated by 4.55% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.43%, and the S&P 500's loss of 0.21%.
Market participants will be closely following the financial results of Commvault Systems in its upcoming release. In that report, analysts expect Commvault Systems to post earnings of $0.98 per share. This would mark year-over-year growth of 4.26%. Alongside, our most recent consensus estimate is anticipating revenue of $299 million, indicating a 13.85% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.91 per share and revenue of $1.16 billion, which would represent changes of +7.12% and +16.82%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Commvault Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Commvault Systems is holding a Zacks Rank of #5 (Strong Sell) right now.
With respect to valuation, Commvault Systems is currently being traded at a Forward P/E ratio of 31.1. This denotes a premium relative to the industry average Forward P/E of 25.47.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Commvault Systems (CVLT) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Commvault Systems (CVLT - Free Report) was down 1.44% at $119.84. This change lagged the S&P 500's 0.16% loss on the day. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 0.59%.
Shares of the data-management software company have depreciated by 4.55% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.43%, and the S&P 500's loss of 0.21%.
Market participants will be closely following the financial results of Commvault Systems in its upcoming release. In that report, analysts expect Commvault Systems to post earnings of $0.98 per share. This would mark year-over-year growth of 4.26%. Alongside, our most recent consensus estimate is anticipating revenue of $299 million, indicating a 13.85% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.91 per share and revenue of $1.16 billion, which would represent changes of +7.12% and +16.82%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Commvault Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Commvault Systems is holding a Zacks Rank of #5 (Strong Sell) right now.
With respect to valuation, Commvault Systems is currently being traded at a Forward P/E ratio of 31.1. This denotes a premium relative to the industry average Forward P/E of 25.47.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.