Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Commvault Systems (CVLT) reachead $150.24 at the closing of the latest trading day, reflecting a +1.64% change compared to its last close.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Commvault stock is up by triple digits in the past 12 months as enterprises seek "cyber resilience" against mounting threats.
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Commvault Systems, Inc. (NASDAQ:CVLT ) Q1 2025 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Michael Melnyk - Director, IR Sanjay Mirchandani - President, CEO & Director Gary Merrill - CFO Danielle Sheer - Chief Trust Officer Conference Call Participants Aaron Rakers - Wells Fargo Securities Howard Ma - Guggenheim Securities James Fish - Piper Sandler & Co. Rudy Kessinger - D.A. Davidson & Co. Operator Thank you for standing by.
While the top- and bottom-line numbers for Commvault (CVLT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Commvault Systems (CVLT) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.72 per share a year ago.
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CommVault's (CVLT) Q1 fiscal 2025 results are expected to benefit from steady demand for its cyber resilience and data protection solutions, as well as growth in subscription revenues.
Commvault Systems (CVLT) closed at $122.24 in the latest trading session, marking a +0.4% move from the prior day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?