Alert: Positive Investment/Fundamental Signals (6/3/24)-CommVault Systems Inc (NASDAQ: CVLT)

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Significant positive changes in CommVault Systems Inc (NASDAQ: CVLT) fundamentals have recently occurred: the consensus estimate for March, 2025 increased significantly, the consensus estimate for March, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

CommVault Systems Inc (NASDAQ: CVLT). Important positive changes in investment behavior have recently occurred: the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

CVLT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

CommVault Systems has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. CommVault Systems has a poor Appreciation Score of 18 but a very high Power Rating of 91, producing the Neutral Value Trend Rating.

Recent Price Action

CommVault Systems Inc (NASDAQ: CVLT) stock closed at $108.48 on 6/3/24 after a modest gain of 0.8%. Moreover, trading volume in this advance was exceptionally high at 246% of normal. The stock has declined -1.9% during the last week but has been exceptionally strong relative to the market over the last nine months.

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