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Commvault Systems (CVLT) Advances While Market Declines: Some Information for Investors
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In the latest close session, Commvault Systems (CVLT - Free Report) was up +2.28% at $133.74. This move outpaced the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Shares of the data-management software company witnessed a gain of 21.93% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.57%, and the S&P 500's loss of 1.4%.
The upcoming earnings release of Commvault Systems will be of great interest to investors. The company is expected to report EPS of $1.16, up 14.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $311.03 million, up 10.3% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.19 per share and a revenue of $1.31 billion, indicating changes of +19.31% and +10.52%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Commvault Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Commvault Systems is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Commvault Systems currently has a Forward P/E ratio of 25.22. This valuation marks a premium compared to its industry average Forward P/E of 14.1.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 34% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Commvault Systems (CVLT) Advances While Market Declines: Some Information for Investors
In the latest close session, Commvault Systems (CVLT - Free Report) was up +2.28% at $133.74. This move outpaced the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Shares of the data-management software company witnessed a gain of 21.93% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.57%, and the S&P 500's loss of 1.4%.
The upcoming earnings release of Commvault Systems will be of great interest to investors. The company is expected to report EPS of $1.16, up 14.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $311.03 million, up 10.3% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.19 per share and a revenue of $1.31 billion, indicating changes of +19.31% and +10.52%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Commvault Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Commvault Systems is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Commvault Systems currently has a Forward P/E ratio of 25.22. This valuation marks a premium compared to its industry average Forward P/E of 14.1.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 34% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.