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Commvault (CVLT) Q4 Earnings Report Preview: What To Look For

CVLT Cover Image

Data protection software company Commvault (NASDAQ: CVLT) will be reporting results this Tuesday morning. Here’s what you need to know.

Commvault beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $276.2 million, up 18.4% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ billings estimates but a miss of analysts’ EBITDA estimates.

Is Commvault a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Commvault’s revenue to grow 13.9% year on year to $299.1 million, slowing from the 21.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.98 per share.

Commvault Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Commvault has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.7% on average.

With Commvault being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for data and analytics software stocks. However, the whole sector has been hit hard over the last month as stocks in Commvault’s peer group are down 8.3% on average. Commvault is down 2.9% during the same time and is heading into earnings with an average analyst price target of $174.58 (compared to the current share price of $123.88).

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