CommVault Systems Inc. Third Quarter Earnings Sneak Peek

CommVault Systems, Inc. (NASDAQ:CVLT) will unveil its latest earnings on Wednesday, February 1, 2012. 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 profit of 18 cents per share, a rise of 12.5% 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 17 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 18 cents during the last month. Analysts are projecting profit to rise by 53.3% versus last year to 69 cents.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 17 cents per share against a mean estimate of profit of 14 cents, and the quarter before, the company exceeded forecasts by 4 cents with net income of 15 cents versus a mean estimate of profit of 11 cents.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: On average, analysts predict $100 million in revenue this quarter, a rise of 19.6% from the year ago quarter. Analysts are forecasting total revenue of $392.9 million for the year, a rise of 24.8% 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 six rate it as a hold.

A Look Back: In the second quarter, profit rose 45.8% to $7.9 million (17 cents a share) from $5.4 million (12 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 29.6% to $97.5 million from $75.2 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 27%, with the biggest boost coming in the first 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 40.9%. The quarter with the biggest boost was the first 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 December 27, 2011 to January 26, 2012, the stock price had risen $4.94 (11.5%) from $43.10 to $48.04. 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.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?