Commvault Systems saw its IBD SmartSelect Composite Rating jump to 97 Friday, up from 94 the day before.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength.
Commvault Systems is currently forming a flat base, with a 200.69 entry. Look for the stock to break out in volume at least 40% higher than normal.
The stock has a 95 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 19% EPS growth for Q1. Sales growth climbed 26%, up from 23% in the prior quarter. The company has now posted increasing growth in each of the last five quarters.
Commvault Systems earns the No. 2 rank among its peers in the Computer Software-Database industry group. MongoDB is the top-ranked stock within the group.
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