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Commvault Systems (CVLT) Outperforms Broader Market: What You Need to Know
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In the latest trading session, Commvault Systems (CVLT - Free Report) closed at $80.79, marking a +1.74% move from the previous day. This change outpaced the S&P 500's 1.15% gain on the day. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.38%.
The data-management software company's shares have seen a decrease of 12.74% over the last month, not keeping up with the Computer and Technology sector's loss of 5.27% and the S&P 500's loss of 5.69%.
Analysts and investors alike will be keeping a close eye on the performance of Commvault Systems in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.11, showcasing a 7.77% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $306.42 million, up 11.41% from the year-ago period.
CVLT's full-year Zacks Consensus Estimates are calling for earnings of $4.19 per share and revenue of $1.18 billion. These results would represent year-over-year changes of +14.79% and +18.44%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Commvault Systems. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Commvault Systems presently features a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Commvault Systems is at present trading with a Forward P/E ratio of 18.94. For comparison, its industry has an average Forward P/E of 17.38, which means Commvault Systems is trading at a premium to the group.
The Computer - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 52, this industry ranks in the top 22% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Commvault Systems (CVLT) Outperforms Broader Market: What You Need to Know
In the latest trading session, Commvault Systems (CVLT - Free Report) closed at $80.79, marking a +1.74% move from the previous day. This change outpaced the S&P 500's 1.15% gain on the day. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.38%.
The data-management software company's shares have seen a decrease of 12.74% over the last month, not keeping up with the Computer and Technology sector's loss of 5.27% and the S&P 500's loss of 5.69%.
Analysts and investors alike will be keeping a close eye on the performance of Commvault Systems in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.11, showcasing a 7.77% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $306.42 million, up 11.41% from the year-ago period.
CVLT's full-year Zacks Consensus Estimates are calling for earnings of $4.19 per share and revenue of $1.18 billion. These results would represent year-over-year changes of +14.79% and +18.44%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Commvault Systems. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Commvault Systems presently features a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Commvault Systems is at present trading with a Forward P/E ratio of 18.94. For comparison, its industry has an average Forward P/E of 17.38, which means Commvault Systems is trading at a premium to the group.
The Computer - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 52, this industry ranks in the top 22% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.