Commvault Systems (CVLT) Advances While Market Declines: Some Information for Investors

Group 1 - Commvault Systems (CVLT) closed at $161.09, with a daily increase of +0.33%, outperforming the S&P 500's loss of 1.07% [1] - Over the past month, Commvault's shares have decreased by 13.17%, while the Computer and Technology sector and the S&P 500 have lost 11.12% and 7.03%, respectively [1] Group 2 - The upcoming financial results for Commvault are anticipated to show an EPS of$ 0.91, reflecting a 15.19% increase from the previous year [2] - Revenue is expected to reach $262.8 million, indicating a 17.69% rise compared to the same quarter last year [2] Group 3 - For the entire year, the Zacks Consensus Estimates predict earnings of$ 3.53 per share and revenue of $975.08 million, representing increases of +18.46% and +16.18% year-over-year, respectively [3] Group 4 - Changes in analyst estimates for Commvault are important as they indicate the evolving business trends, with positive revisions suggesting an optimistic outlook [4] Group 5 - The Zacks Rank system, which reflects estimate changes, has a strong track record, with 1 rated stocks averaging a +25% annual return since 1988 [6] - Commvault currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining steady over the past month [6] Group 6 - Commvault is trading at a Forward P/E ratio of 45.48, which is a premium compared to the industry average Forward P/E of 25.46 [7] - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 128, placing it in the top 50% of over 250 industries [7] Group 7 - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]