The 10-second takeaway
For the quarter ended Dec. 31 (Q3), CommVault Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins expanded across the board.
CommVault Systems logged revenue of $128.1 million. The 16 analysts polled by S&P Capital IQ foresaw revenue of $122.6 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $103.6 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 $0.39. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.32 per share. GAAP EPS of $0.25 for Q3 were 67% higher than the prior-year quarter's $0.15 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 87.2%, 30 basis points better than the prior-year quarter. Operating margin was 15.8%, 390 basis points better than the prior-year quarter. Net margin was 9.5%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $130.1 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $482.1 million. The average EPS estimate is $1.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 228 members out of 252 rating the stock outperform, and 24 members rating it underperform. Among 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give CommVault Systems a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CommVault Systems is hold, with an average price target of $62.75.
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