Commvault Systems (CVLT) closed the most recent trading day at $125.34, moving +2.93% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.62% for the day. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.
The stock of data-management software company has risen by 19.11% in the past month, leading the Computer and Technology sector's loss of 0.74% and the S&P 500's loss of 0.03%.
Analysts and investors alike will be keeping a close eye on the performance of Commvault Systems in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.16, indicating a 14.85% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $311.03 million, up 10.3% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.19 per share and a revenue of $1.31 billion, signifying shifts of +19.31% and +10.52%, respectively, from the last year.
Investors might also notice 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Commvault Systems is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Commvault Systems is presently being traded at a Forward P/E ratio of 23.49. This signifies a premium in comparison to the average Forward P/E of 17.21 for its industry.
The Computer - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 161, placing it within the bottom 35% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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CommVault Systems, Inc. (CVLT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).