Commvault Systems (CVLT) Exceeds Market Returns: Some Facts to Consider

In the latest close session, Commvault Systems (CVLT) was up +1% at $172.16. The stock's change was more than the S&P 500's daily gain of 0.96%. Elsewhere, the Dow gained 0.89%, while the tech-heavy Nasdaq added 0.94%. The stock of data-management software company has fallen by 2.28% in the past month, lagging the Computer and Technology sector's gain of 2.53% and the S&P 500's gain of 0.5%.The investment community will be closely monitoring the performance of Commvault Systems in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.97, marking a 14.12% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $268.63 million, reflecting a 19.57% rise from the equivalent quarter last year. CVLT's full-year Zacks Consensus Estimates are calling for earnings of $4.13 per share and revenue of $1.13 billion. These results would represent year-over-year changes of +13.15% and +13.97%, respectively. Investors should also note any recent changes to analyst estimates for Commvault Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.03% higher. Commvault Systems presently features a Zacks Rank of #1 (Strong Buy). With respect to valuation, Commvault Systems is currently being traded at a Forward P/E ratio of 41.29. This signifies a premium in comparison to the average Forward P/E of 25.16 for its industry. The Computer - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Don’t Miss Out on These Stocks Before you make your next investing move, we have a free report that highlights the %%CTA_TEXT%% to buy.Our experts at Zacks Investment Research hand-selected these stocks for their eye-opening growth projections.Since 1988, our stock picks have more than doubled the S&P 500 with an average gain of +23.89% per year using the Zacks Rank stock-rating system.Register now to see the %%CTA_TEXT%%.7 best stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CommVault Systems, Inc. (CVLT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks