Data protection software company Commvault (NASDAQ: CVLT) will be reporting results this Tuesday morning. Here’s what to look for.
Commvault beat analysts’ revenue expectations last quarter, reporting revenues of $313.8 million, up 19.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ billings estimates and a solid beat of analysts’ EBITDA estimates.
Is Commvault a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Commvault’s revenue to grow 11.5% year on year, slowing from the 23.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Commvault has a history of exceeding Wall Street’s expectations.
With Commvault being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for data and analytics software stocks. However, there has been positive investor sentiment in the segment, with share prices up 6.7% on average over the last month. Commvault is up 26.9% during the same time .
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