We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Commvault Systems (CVLT) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
Commvault Systems (CVLT - Free Report) closed at $143.12 in the latest trading session, marking a +2.07% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Shares of the data-management software company have depreciated by 2.85% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.27%, and the S&P 500's loss of 1.99%.
Investors will be eagerly watching for the performance of Commvault Systems in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.25, reflecting a 37.36% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $310.8 million, showing a 12.53% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.44 per share and a revenue of $1.31 billion, representing changes of +25.06% and +10.39%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Commvault Systems. Recent revisions tend to reflect the latest 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 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, 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. 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 25.78. For comparison, its industry has an average Forward P/E of 16.66, which means Commvault Systems is trading at a premium to the group.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
Image: Bigstock
Commvault Systems (CVLT) Rises As Market Takes a Dip: Key Facts
Commvault Systems (CVLT - Free Report) closed at $143.12 in the latest trading session, marking a +2.07% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Shares of the data-management software company have depreciated by 2.85% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.27%, and the S&P 500's loss of 1.99%.
Investors will be eagerly watching for the performance of Commvault Systems in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.25, reflecting a 37.36% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $310.8 million, showing a 12.53% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.44 per share and a revenue of $1.31 billion, representing changes of +25.06% and +10.39%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Commvault Systems. Recent revisions tend to reflect the latest 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 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, 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. 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 25.78. For comparison, its industry has an average Forward P/E of 16.66, which means Commvault Systems is trading at a premium to the group.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.