CommVault Systems, Inc. First Quarter Earnings Sneak Peek

CommVault Systems, Inc. (NASDAQ:CVLT) will unveil its latest earnings on Tuesday, August 2, 2011. CommVault Systems, Inc. is a provider of data and information management software applications and related services. It develops, markets and sells a unified suite of data and information management software applications under the Simpana brand.

CommVault Systems, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 10 cents per share, a rise of 25% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate moved down and dropped from 11 cents during the last month. For the year, analysts are projecting profit of 59 cents per share, a rise of 31.1% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 10 cents per share against a mean estimate of 17 cents. Two quarters ago, it beat expectations by one cent with profit of 16 cents.

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Wall St. Revenue Expectations: On average, analysts predict $83.7 million in revenue this quarter, a rise of 26.2% from the year ago quarter. Analysts are forecasting total revenue of $364 million for the year, a rise of 15.6% from last year’s revenue of $314.8 million.

Analyst Ratings: Analysts are bullish on CommVault Systems as six analysts rate it as a buy, one rates it as a sell and seven rate it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 15.8%, with the biggest boost coming in the most recent quarter when revenue rose 22% from the year earlier quarter.

The decrease in profit in the fourth quarter of the last fiscal year breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 16.8% in the fourth quarter of the last fiscal year from the year earlier, while the figure rose 33.3% in the third quarter of the last fiscal year, 14.9% in the second quarter of the last fiscal year and 43.7% in the first quarter of the last fiscal year.

Competitors to Watch: FalconStor Software, Inc. (NASDAQ:FALC), Symantec Corporation (NASDAQ:SYMC), Oracle Corporation (NASDAQ:ORCL), CA, Inc. (NASDAQ:CA), Intl. Business Machines Corp. (NYSE:IBM), Pervasive Software Inc. (NASDAQ:PVSW), TigerLogic Corp. (NASDAQ:TIGR), Microsoft Corporation (NASDAQ:MSFT), EMC Corporation (NYSE:EMC), and Hewlett-Packard Company (NYSE:HPQ).

Stock Price Performance: During April 29, 2011 to July 26, 2011, the stock price had risen $1.82 (4.6%) from $39.39 to $41.21. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight-straight days, rising 14.4% (+$4.30) over that span. It saw one of its worst periods between April 29, 2011 and May 5, 2011 when shares fell for five-straight days, falling 7.4% (-$2.92) over that span. Shares are up $12.59 (+44%) year to date.

(Source: Xignite Financials)

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