TINTON FALLS, N.J., Jan. 28, 2025 /PRNewswire/ -- Commvault [Nasdaq: CVLT] today announced its financial results for the fiscal third quarter ended December 31, 2024.  "Once again, Commvault has delivered a record-breaking quarter with accelerating revenue growth," said Sanjay Mirchandani, President and CEO, Commvault. "Our innovative approach to cyber resilience continues to win large net-new accounts and fuel our expansion business. As we look to the future, we believe our unified platform which enables c ...

The upcoming report from Commvault Systems (CVLT) is expected to reveal quarterly earnings of $0.87 per share, indicating an increase of 11.5% compared to the year-ago period. Analysts forecast revenues of $245.53 million, representing an increase of 13.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Befo ...

Stock Performance - Commvault Systems closed at $162 80, down 0 74% from the previous session, underperforming the S&P 500's gain of 0 61%, the Dow's 0 3% rise, and the Nasdaq's 1 28% increase [1] - Over the past month, the company's shares gained 3 99%, outperforming the Computer and Technology sector's 1 24% gain and the S&P 500's 2 08% gain [1] Earnings and Revenue Projections - The company is expected to report earnings of $0 87 per share on January 28, 2025, representing a year-over-year growth of 11 54% [2] - Revenue for the upcoming quarter is projected at $245 53 million, a 13 24% increase compared to the year-ago quarter [2] - For the entire year, earnings are forecasted at $3 43 per share, up 15 1%, and revenue at $954 7 million, up 13 76% year-over-year [3] Analyst Estimates and Valuation - Recent changes in analyst estimates reflect shifting near-term business trends, with positive revisions indicating confidence in the company's performance [4] - The Zacks Consensus EPS estimate has decreased by 0 51% over the past month, and the company currently holds a Zacks Rank of 4 (Sell) [6] - Commvault Systems has a Forward P/E ratio of 47 84, significantly higher than the industry average of 31 23 [7] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 158, placing it in the bottom 38% of all industries [7] - Industries in the top 50% of the Zacks Industry Rank outperform the bottom half by a factor of 2 to 1 [8]

The market expects Commvault Systems (CVLT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?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) .Commvault currently has an average brokerage rec ...

Commvault Systems (CVLT) ended the recent trading session at $161.42, demonstrating a +0.6% swing from the preceding day's closing price. This change lagged the S&P 500's 1.83% gain on the day. Meanwhile, the Dow experienced a rise of 1.65%, and the technology-dominated Nasdaq saw an increase of 2.45%.The data-management software company's stock has dropped by 3.59% in the past month, exceeding the Computer and Technology sector's loss of 3.84% and lagging the S&P 500's loss of 3.31%.Market participants wil ...

Leverages the same platform that already delivers comprehensive protection of critical workloads – ushering in a new level of cyber resilience for customers and partners TINTON FALLS, N.J., Jan. 14, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today introduced an expansion of its platform to provide full and automated forest recovery for the world's most widely used enterprise identity and access solution, Microsoft Active Direct ...

TINTON FALLS, N.J., Jan. 7, 2025 /PRNewswire/ -- Commvault (NASDAQ: CVLT) - Commvault will webcast a discussion of its third quarter fiscal year 2025 earnings results on Tuesday, January 28, 2025 beginning at 8:30 a.m. EST at http://ir.commvault.com.Investors can access the live webcast by visiting http://ir.commvault.com. Investors may also access the call by dialing Toll Free: (800) 715-9871 or International: (646) 307-1963 and referencing Event ID 7183844. To avoid delays, we encourage participants to di ...

In the latest market close, Commvault Systems (CVLT) reached $151.19, with a -1.66% movement compared to the previous day. This change lagged the S&P 500's daily loss of 1.07%. Meanwhile, the Dow lost 0.97%, and the Nasdaq, a tech-heavy index, lost 1.19%.Coming into today, shares of the data-management software company had lost 10.4% in the past month. In that same time, the Computer and Technology sector gained 4.8%, while the S&P 500 lost 0.36%.The investment community will be paying close attention to th ...

CommVault Systems (CVLT) shares have surged 26.3% for the trailing six months, outperforming the broader Zacks Computer & Technology sector’s return of 6.5%.Over the same time frame, it outpaced its industry peers like Autodesk (ADSK) and Manhattan Associates (MANH) , shares of which have climbed 21% and 12.2%, respectively.The outperformance of the stock is firmly grounded in the robust adoption of its cloud platform, which is significantly boosting financial performance. Additionally, the company's unwave ...