Commvault Systems shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Also, the company raised its FY25 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Commvault Systems shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Additionally, the company raised its FY25 revenue guidance.
July 30, 2024 | 12:50 pm
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Commvault Systems shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Additionally, the company raised its FY25 revenue guidance.
The better-than-expected Q1 financial results and the raised Q2 and FY25 revenue guidance are strong positive indicators for Commvault Systems. These factors are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100