Commvault(US:CVLT) ZACKSยท2024-06-13 23:12Company 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]