Commvault Expects Q3 Total Revenues Of $206M-$210M, Consensus $205.43M
Portfolio Pulse from Benzinga Newsdesk
Commvault has provided guidance for Q3 of fiscal year 2024, expecting total revenues to be between $206M and $210M, which is above the consensus of $205.43M. The company also expects subscription revenue to be between $106M and $110M, and a non-GAAP operating margin of approximately 21%.
October 31, 2023 | 11:49 am
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Commvault's Q3 FY2024 guidance is above consensus estimates, which could positively impact the company's stock in the short term.
Commvault's Q3 FY2024 guidance is above the consensus estimate of $205.43M, indicating a strong financial performance. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100