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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POSITIVE IMPACT
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