CommVault Systems Inc. Second Quarter Earnings on Horizon

CommVault Systems, Inc. (NASDAQ:CVLT) will unveil its latest earnings on Tuesday, November 1, 2011. CommVault Systems 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 14 cents per share, a rise of 16.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 13 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 14 cents during the last month. Analysts are projecting profit to rise by 42.2% versus last year to 64 cents.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 15 cents per share against a mean estimate of net income of 11 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 7 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 23.6% in revenue from the year-earlier quarter to $93 million.

Analyst Ratings: Analysts seem relatively indifferent about CommVault Systems with seven of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, profit rose more than twofold to $7 million (15 cents a share) from $3.5 million (8 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 38% to $91.5 million from $66.3 million.

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 22.8%, with the biggest boost coming in the most recent quarter when revenue rose 38% from the year earlier quarter.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 33.1%. The quarter with the biggest boost was the most recent quarter, which saw a more than twofold surge.

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 August 30, 2011 to October 26, 2011, the stock price had risen $8.29 (24.2%) from $34.27 to $42.56. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 14, 2011 when shares rose for 10-straight days, rising 20.6% (+$7.14) over that span. It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six-straight days, falling 24% (-$9.88) over that span. Shares are up $13.94 (+48.7%) year to date.

(Source: Xignite Financials)

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