Commvault Systems (CVLT) closed the most recent trading day at $146.35, moving -1.17% from the previous trading session. This change lagged the S&P 500's daily loss of 0.17%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.09%.
Coming into today, shares of the data-management software company had gained 7.68% in the past month. In that same time, the Computer and Technology sector gained 3.58%, while the S&P 500 lost 0.24%.
Market participants will be closely following the financial results of Commvault Systems in its upcoming release. The company is predicted to post an EPS of $1.25, indicating a 37.36% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $310.8 million, reflecting a 12.53% rise from the equivalent quarter last year.
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 might also notice recent changes to analyst estimates for Commvault Systems. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Commvault Systems is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Commvault Systems is currently trading at a Forward P/E ratio of 27.23. This indicates a premium in contrast to its industry's Forward P/E of 15.98.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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CommVault Systems, Inc. (CVLT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).