The 10-second takeaway
For the quarter ended Sep. 30 (Q2), CommVault Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Margins increased across the board.
CommVault Systems tallied revenue of $118.2 million. The 16 analysts polled by S&P Capital IQ wanted to see a top line of $115.6 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $97.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.38. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.28 per share. GAAP EPS of $0.29 for Q2 were 71% higher than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 87.0%, 40 basis points better than the prior-year quarter. Operating margin was 18.9%, 550 basis points better than the prior-year quarter. Net margin was 11.8%, 370 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $121.5 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $478.6 million. The average EPS estimate is $1.23.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 219 members out of 242 rating the stock outperform, and 23 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give CommVault Systems a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CommVault Systems is outperform, with an average price target of $55.45.
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