In the latest trading session, Commvault Systems (CVLT) closed at $165.28, marking a +0.02% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.53%.
Coming into today, shares of the data-management software company had lost 3.85% in the past month. In that same time, the Computer and Technology sector lost 7.14%, while the S&P 500 lost 4.03%.
The investment community will be paying close attention to the earnings performance of Commvault Systems in its upcoming release. It is anticipated that the company will report an EPS of $0.91, marking a 15.19% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $262.8 million, reflecting a 17.69% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $3.53 per share and a revenue of $975.08 million, demonstrating changes of +18.46% and +16.18%, respectively, from the preceding year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Commvault Systems. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Commvault Systems is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Commvault Systems is currently trading at a Forward P/E ratio of 46.81. Its industry sports an average Forward P/E of 25.25, so one might conclude that Commvault Systems is trading at a premium comparatively.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 135, which puts it in the bottom 47% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 ReportThis article originally published on Zacks Investment Research (zacks.com).
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