CommVault Systems Inc (NASDAQ: CVLT) has reported earnings for its first fiscal quarter (ending June 30) of $0.42 versus $0.29 for the same period a year ago. E.P.S. were $4.00 for the latest four quarters through June 30 versus $-0.60 for the same period a year ago.
Recent Price Action
On 7/30/24, CommVault Systems Inc (NASDAQ: CVLT) stock enjoyed a major increase of 22.8%, closing at $151.35. Moreover, exceptionally high trading volume at 382% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 20.2% during the last week.
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 16 but a very high Power Rating of 93, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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