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Commvault Systems (CVLT) Stock Slides as Market Rises: Facts to Know Before You Trade
CommvaultCommvault(US:CVLT) ZACKSยท2024-12-11 23:55

Company Performance - Commvault Systems (CVLT) closed at $173.10, reflecting a -0.01% change from the previous trading day's closing, underperforming the S&P 500's daily gain of 0.82% [1] - Over the past month, shares of Commvault have appreciated by 2.03%, outperforming the Computer and Technology sector's gain of 1.43% and the S&P 500's gain of 0.8% [2] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.87, which is an 11.54% increase from the prior-year quarter, with projected revenue of $246.13 million, reflecting a 13.52% rise from the equivalent quarter last year [3] - For the entire fiscal year, the Zacks Consensus Estimates project earnings of $3.44 per share and revenue of $956.2 million, representing changes of +15.44% and +13.94% respectively from the prior year [4] Analyst Estimates and Valuation - Recent changes to analyst estimates indicate a positive outlook for Commvault Systems, with the Zacks Rank system currently rating the company as 3 (Hold) [4][6] - Commvault is trading at a Forward P/E ratio of 50.4, which is a premium compared to the industry's average Forward P/E of 32.41 [7] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, has a current Zacks Industry Rank of 78, placing it in the top 32% of all industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]