Commvault Systems Inc reports results for the quarter ended in June - Earnings Summary

Commvault Systems

30/07/2024 14:52

* Commvault Systems Inc  CVLT.OQ  reported quarterly
adjusted
earnings of 85 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 72 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 71 cents to 77
cents per share.
    * Revenue rose 13.4% to $224.67 million from a year ago;
analysts
expected $215.54 million. 
    * Commvault Systems Inc's reported EPS for the quarter was
41
cents​.
    * The company reported quarterly net income of $18.53
million.
    * Commvault Systems Inc shares had risen by 1.3% this
quarter and
gained 54.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Commvault Systems
Inc is $134.00 
This summary was machine generated from LSEG data July 30 at
01:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.73           0.85           Beat
 Mar. 31 2024      0.73           0.79           Beat
 Dec. 31 2023      0.64           0.78           Beat
 Sep. 30 2023      0.64           0.70           Beat