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Commvault Systems (CVLT) Exceeds Market Returns: Some Facts to Consider
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In the latest close session, Commvault Systems (CVLT - Free Report) was up +2.24% at $153.64. The stock's change was more than the S&P 500's daily gain of 0.66%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 1.05%.
The stock of data-management software company has risen by 10.17% in the past month, leading the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Commvault Systems in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.25, reflecting a 37.36% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $310.8 million, indicating a 12.53% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.44 per share and a revenue of $1.31 billion, indicating changes of +25.06% and +10.39%, respectively, from the former 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Commvault Systems holds a Zacks Rank of #3 (Hold).
In terms of valuation, Commvault Systems is currently trading at a Forward P/E ratio of 27.63. This indicates a premium in contrast to its industry's Forward P/E of 15.71.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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Commvault Systems (CVLT) Exceeds Market Returns: Some Facts to Consider
In the latest close session, Commvault Systems (CVLT - Free Report) was up +2.24% at $153.64. The stock's change was more than the S&P 500's daily gain of 0.66%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 1.05%.
The stock of data-management software company has risen by 10.17% in the past month, leading the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Commvault Systems in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.25, reflecting a 37.36% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $310.8 million, indicating a 12.53% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.44 per share and a revenue of $1.31 billion, indicating changes of +25.06% and +10.39%, respectively, from the former 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Commvault Systems holds a Zacks Rank of #3 (Hold).
In terms of valuation, Commvault Systems is currently trading at a Forward P/E ratio of 27.63. This indicates a premium in contrast to its industry's Forward P/E of 15.71.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.