Commvault Systems (CVLT) closed at $116.54 in the latest trading session, marking a +1.82% move from the prior day. This change outpaced the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.12%. Market participants will be closely following the financial results of Commvault Systems in its upcoming release. It is anticipated that the company will report an EPS of $0.75, marking a 4.17% rise compared to the same quarter of the previous year. Meanwhile, the l ...

Company Performance - Commvault Systems (CVLT) closed at $114.46, down 1.67% from the previous trading session, underperforming the S&P 500 which gained 0.23% [1] - Over the past month, Commvault's shares appreciated by 3.59%, outperforming the Computer and Technology sector's decline of 2.01% but lagging behind the S&P 500's gain of 3.96% [1] Financial Estimates - Analysts expect Commvault to report earnings of $3.38 per share and revenue of $910 million for the full year, reflecting increases of 13.42% and 8.43% respectively from the previous year [2] - The upcoming EPS is projected at $0.75, indicating a 4.17% increase compared to the same quarter last year, with quarterly revenue expected to be $214.47 million, up 8.23% from the year-ago period [6] Valuation Metrics - Commvault Systems has a Forward P/E ratio of 34.46, which is a premium compared to the industry's average Forward P/E of 27.58 [4] Analyst Ratings - Commvault holds a Zacks Rank of 1 (Strong Buy), indicating a positive outlook, with the system showing that top-ranked stocks have historically yielded an average annual return of +25% since 1988 [8] - Recent revisions to analyst forecasts are important as they reflect near-term business trends, with positive revisions indicating optimism about the company's outlook [7] Industry Context - The Computer - Software industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [9]

Company Insights - CommVault Systems (NASDAQ:CVLT) is a cloud security company that provides a centralized platform for businesses to detect and address threats effectively [3] - The company reported a 35.5% year-over-year increase in revenue for Q1 FY24, with net income soaring by 364.3% YOY, resulting in a net profit margin of 17.0% [5] - CommVault Systems has a total annual recurring revenue of $770 million, reflecting a 16% year-over-year growth [4] - The company initiated a $50.4 million stock buyback and reported a one-time $103 million windfall from an income tax benefit, enhancing its cash position [12] Industry Trends - Texas Roadhouse (NASDAQ:TXRH) reported a 12.5% year-over-year increase in sales and a 31% increase in net income for the first quarter, with comparable restaurant sales up by 8.4% YOY [8] - The stock of Texas Roadhouse is considered a good candidate for doubling by the end of 2026 due to rising profit margins, more restaurant openings, and a reasonable valuation [8] - Sezzle (NASDAQ:SEZL), a fintech firm specializing in "Buy Now, Pay Later" solutions, has seen a 306% year-to-date gain, with a market cap of approximately $500 million [15][16] - Sezzle has increased its guidance to suggest a 25% year-over-year revenue growth and aims for $30 million in GAAP net income in fiscal 2024 [16] Performance Metrics - CommVault Systems' shares have increased by 48% year-to-date and 140% over the past five years [4] - Texas Roadhouse shares are up 41% year-to-date and have more than tripled over the past five years [19] - Sezzle's stock trades at a 38 P/E ratio, with a forward P/E ratio under 18 times, indicating potential for further growth [15][16]

Core Points - Commvault has achieved FedRAMP High Authorization for its Commvault Cloud for Government SaaS data protection solutions, allowing it to securely handle sensitive controlled unclassified information (CUI) for government agencies and contractors [1][3][7] - FedRAMP is a government certification program that provides a standardized security assessment for SaaS application vendors, ensuring compliance with stringent security standards established by the National Institute of Standards and Technology (NIST) [2] - The certification reflects Commvault's commitment to providing high-level data protection and cyber resilience, ensuring critical data remains secure against evolving cyber threats [3][4] Commvault's Offerings - Commvault Cloud for Government is designed specifically for federal agencies, hosted using government cloud deployment models compliant with U.S. regulations [6] - Features include continuous cyber recovery plan testing and automatic recovery to a secure cleanroom in the cloud, enhancing data resilience and operational continuity [5] - The solutions are available for purchase by U.S. agencies and organizations, listed on the FedRAMP Marketplace [8] Industry Recognition - The U.S. Department of the Treasury and NIST have acknowledged Commvault's achievement, highlighting its importance for government agencies handling sensitive data [7] - Commvault Cloud's FedRAMP High Authorization positions it as a leading solution in data security and rapid recoverability from cyber attacks [8] - Commvault's SaaS solutions also comply with various other security standards, including FIPS 140-2, ISO/IEC 27001:2013, and SOC 2 Type II [9]

Company Overview - Commvault is a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations, helping over 100,000 organizations keep data safe and businesses resilient [4] - The company offers the only cyber resilience platform that combines data security and rapid recovery at enterprise scale across any workload, anywhere, at the lowest total cost of ownership (TCO) [4] Sponsorship Announcement - Commvault announced its sponsorship of MI New York, the defending champions of Major League Cricket (MLC), marking a strategic move to engage with cricket fans and support a growing sport in the U.S. [1][2] - The sponsorship will feature the Commvault logo on jerseys, stadium signage, and across various media platforms, along with opportunities for fan engagement through exclusive events [2] Community Engagement - Commvault's partnership with MI New York aims to foster community and resilience, with plans to offer tickets to local charitable initiatives, allowing more people to experience cricket [2] - The collaboration seeks to educate a broader audience about the importance of resilience, applicable in both personal and professional contexts [2] Cricket Industry Insights - Cricket is the second most watched sport globally, with over 2.5 billion fans, and its popularity is surging in the United States [2] - MI New York, established in 2023, is part of the MI family, which has won 10 titles across various leagues globally, including the Indian Premier League [5][6]

Company strengthens its expertise in cyber resilience with the appointment of Gareth Russell as Field Chief Technology Officer, Security for Asia Pacific SINGAPORE and SYDNEY, May 27, 2024 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organisations, today announced the appointment of Gareth Russell as Field Chief Technology Officer, Security for Asia Pacific (APAC). This newly created role reflects Commvault's commitment to extending its dee ...

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Commvault Systems (CVLT) . Check price target & stock forecast for Commvault here>>> While the ABR calls for buying Commvault, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increas ...

Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Commvault Systems (CVLT) is identified as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 23%, with projected EPS growth of 13.3% this year, surpassing the industry average of 12.1% [5] Group 2: Key Metrics - Commvault's asset utilization ratio is 1.03, indicating that the company generates $1.03 in sales for every dollar in assets, significantly higher than the industry average of 0.46 [6] - The company's sales are expected to grow by 7.4% this year, compared to the industry average of 6.7% [7] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Commvault, with the Zacks Consensus Estimate for the current year increasing by 18.9% over the past month [8] - This trend has contributed to Commvault achieving a Zacks Rank 1 (Strong Buy) and a Growth Score of B [9] Group 4: Investment Potential - The combination of strong earnings growth, efficient asset utilization, and positive earnings estimate revisions positions Commvault well for outperformance, making it an attractive option for growth investors [10]

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The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Commvault Systems is currently sporting a Zacks Rank of #1 (Strong Buy). In contrast, Alphabet falls under the Internet - Services industry. Currently, this industry has 39 stocks and is ranked #67. Since the beginning of the year, the industry ha ...