Earnings Outlook For CommVault Systems
Portfolio Pulse from Benzinga Insights
CommVault Systems (NASDAQ:CVLT) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $0.73. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, CVLT's stock price has shown modest reactions to earnings beats and misses. Shares are currently trading at $79.68, up 29.46% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 29, 2024 | 3:01 pm
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CommVault Systems is anticipated to report quarterly earnings with investors focusing on an earnings beat and future guidance. Historical data shows limited stock movement post-earnings, but long-term growth is positive.
Given the historical positive performance and the anticipation of an earnings beat and positive guidance, CVLT's stock may experience a short-term increase. However, the past modest price changes post-earnings suggest that any movement might be limited unless the earnings significantly exceed expectations or the guidance is exceptionally positive.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100