Commvault (NASDAQ: CVLT) changed -0.22% to recent value of $45.96. The stock transacted 622374 shares during most recent day however it has an average volume of 460.19K shares. It spotted trading -34.99% off 52-week high price. On the other end, the stock has been noted 12.84% away from the low price over the last 52-weeks.
Commvault (NASDAQ: CVLT), a leading provider of software for the management of data across cloud and on-premises environments, has been positioned by Forrester as a Leader in The Forrester Wave™: Data Resiliency Solutions, Q3 2019. In this Forrester Wave, Commvault was top ranked in the Current Offering category, as well as in the Data Sources and Manageability criteria. In addition, its Backup Optimization ranking was among the highest scores.
The Forrester Wave states that:
Commvault suits companies that plan to consolidate their backup and recovery tools.
[Commvault] also offers its solution in a subscription model so its clients can turn to opex and gain commercial advantage.
Commvault’s appliance-based solution delivers on customer demand for quick time-to-market.
[The Commvault solution] offers the most comprehensive support for widely deployed infrastructure platforms and applications both in the data center and in public cloud services.
The [Commvault] solution helps clients not only consume cloud services as an archive data target, but also enables them to adopt public cloud by protecting cloud-based data sources.
Commvault has added a capability to aid ransomware detection.
[Commvault] enables firms to embrace the cloud and modernize data resiliency operations.
[Commvault’s] solution offers a “recovery readiness” dashboard to help customers perform what-if simulations that help identify the virtual machines (VMs) or applications that are likely to fulfill the business’s recovery expectations.
“We believe our position as a Leader in this Forrester Wave for Data Resiliency Solutions further validates our vision of delivering powerful solutions to help customers protect, manage and use their data, wherever it lives,” said Sanjay Mirchandani, Commvault CEO. “Customers today are on a journey. They are looking for ways to move from their complex and constraining infrastructures to more flexible, scalable, multi-cloud environments—and that is not always easy. We think our position in the latest Forrester Wave is proof that we continue to help customers meet the complex needs of their business, with solutions that set us apart from the competition.”
CVLT has a gross margin of 83.10% and an operating margin of 0.70% while its profit margin remained 0.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 107.70% for this year while earning per share for the next 5-years is expected to reach at 10.00%.
The company has 44.63M of outstanding shares and 41.46M shares were floated in the market. According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.27% from the mean of 20 days, 0.20% from mean of 50 days SMA and performed -16.90% from mean of 200 days price. Company’s performance for the week was 1.95%, 9.64% for month and YTD performance remained -22.22%.
Robert Winter – Category – Hot Stocks
Robert Winter studied a business degree majoring in finance and security analysis. He has a deep understanding of both technical and fundamental forms of analysis, he deeply believes that it makes a lot more sense for average investors to understand fundamental analysis, which he believes anyone can learn. Robert Winter has over 10 years of experience as a professional journalist, writer and an editor. He holds a bachelor’s degree in International Business from University of Melbourne. He writes articles about hot stocks, dividend growth investing, options trading, investment decisions, stock selection, portfolio management, and passive income generation. Robert primarily reports on Hot Stocks category.
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