Commvault Systems, Inc. (NASDAQ:CVLT) is reporting second quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.35 per share from $ 164.65 million in revenue.
For the full year, analysts predict revenues of $ 684.07 million, while looking forward to income of $ 1.71 per share.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 164.00 million ~ $ 164.00 million
Click Here For More Historical Outlooks Of Commvault Systems, Inc.
Previous Quarter Performance
Commvault Systems, Inc. reported income for the first quarter of $ 0.51 per share, from the revenue of $ 173.00 million. The quarterly earnings swell 88.89 percent compared with the same quarter last year. The consensus estimates are income of $ 0.16 per share from $ 152.87 million in revenue. The bottom line results beat street analysts by $ 0.35 or 218.75 percent, at the same time, top line results outshined analysts by $ 20.13 million or 13.17 percent.
Stock Performance
Shares of Commvault Systems, Inc. traded up $ 0.41 or 0.98 percent on Friday, reaching $ 42.32 with volume of 188.40 thousand shares. Commvault Systems, Inc. has traded high as $ 42.50 and has cracked $ 41.58 on the downward trend
According to the previous trading day, closing price of $ 42.32, representing a 72.75 % increase from the 52 week low of $ 24.26 and a 19.25 % decrease over the 52 week high of $ 51.90.
The company has a market capital of $ 1.96 billion and is part of the Technology sector and Software – Application industry.
Conference Call
Commvault Systems, Inc. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.commvault.com
Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. It offers Commvault Complete Backup & Recovery, a backup and recovery solution for enterprises; and Commvault HyperScale Technology, an add-on for Commvault Complete that delivers an on-premises, cloud-like infrastructure to support scale-out secondary storage.
