Commvault Systems (CVLT) shares soared 10.3% in the last trading session to close at $88.87. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.3% loss over the past four weeks.
CVLT is riding on an expanding subscriber base. In the third quarter of fiscal 2026, the company added 700 new subscription customers.
This data-management software company is expected to post quarterly earnings of $1.11 per share in its upcoming report, which represents a year-over-year change of +7.8%. Revenues are expected to be $306.42 million, up 11.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Commvault, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CVLT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Commvault belongs to the Zacks Computer - Software industry. Another stock from the same industry, Manhattan Associates (MANH), closed the last trading session 2.9% lower at $120.88. Over the past month, MANH has returned -11.3%.
For Manhattan Associates, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.1. This represents a change of -7.6% from what the company reported a year ago. Manhattan Associates currently has a Zacks Rank of #4 (Sell).
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CommVault Systems, Inc. (CVLT): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).