Commvault Systems gains on annual revenue forecast raise

Commvault Systems

29/10/2024 16:08

** Shares of cybersecurity company Commvault Systems
 CVLT.O  rise 17.3% to $160.61
    ** CVLT raises annual revenue forecast between $952 mln and
$957 mln, up from its prior expectations of $915 mln to $925 mln
    ** Expects Q3 revenue between $243 mln and $247 mln, the
mid-point of which is slightly above analysts' average estimate
of $243.9 mln, according to data compiled by LSEG
    ** Co's Q2 revenue up 16% YoY at $233.3 mln, beating
analysts' estimates of $220.8 mln
    ** Posts Q2 adj. EPS of 83 cents, also above estimates of 76
cents per share
    ** Up to last close, stock up ~72% YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))