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Commvault Systems (CVLT) Declines More Than Market: Some Information for Investors
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Commvault Systems (CVLT - Free Report) ended the recent trading session at $133.36, demonstrating a -2.23% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.58%. Meanwhile, the Dow lost 1.18%, and the Nasdaq, a tech-heavy index, lost 0.32%.
Shares of the data-management software company witnessed a loss of 2.17% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.12%, and the S&P 500's loss of 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of Commvault Systems in its upcoming earnings disclosure. In that report, analysts expect Commvault Systems to post earnings of $1.25 per share. This would mark year-over-year growth of 37.36%. Simultaneously, our latest consensus estimate expects the revenue to be $310.8 million, showing a 12.53% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.44 per share and revenue of $1.31 billion, indicating changes of +25.06% and +10.39%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Commvault Systems. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Commvault Systems possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Commvault Systems is holding a Forward P/E ratio of 25.08. Its industry sports an average Forward P/E of 16.56, so one might conclude that Commvault Systems is trading at a premium comparatively.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Commvault Systems (CVLT) Declines More Than Market: Some Information for Investors
Commvault Systems (CVLT - Free Report) ended the recent trading session at $133.36, demonstrating a -2.23% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.58%. Meanwhile, the Dow lost 1.18%, and the Nasdaq, a tech-heavy index, lost 0.32%.
Shares of the data-management software company witnessed a loss of 2.17% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.12%, and the S&P 500's loss of 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of Commvault Systems in its upcoming earnings disclosure. In that report, analysts expect Commvault Systems to post earnings of $1.25 per share. This would mark year-over-year growth of 37.36%. Simultaneously, our latest consensus estimate expects the revenue to be $310.8 million, showing a 12.53% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.44 per share and revenue of $1.31 billion, indicating changes of +25.06% and +10.39%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Commvault Systems. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Commvault Systems possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Commvault Systems is holding a Forward P/E ratio of 25.08. Its industry sports an average Forward P/E of 16.56, so one might conclude that Commvault Systems is trading at a premium comparatively.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.