Commvault Systems saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 the day before.
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The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Commvault Systems broke out earlier, but is now trading about -4% below the prior 174.58 entry from a double bottom. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form.
The stock has a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q4, the company posted 30% EPS growth. It has now posted accelerating EPS increases for four consecutive quarters. Revenue growth rose 23%, up from 21% in the prior report. The company has now posted increasing growth in each of the last four reports. The company's next quarterly report is expected on or around Jul. 29.
Commvault Systems earns the No. 1 rank among its peers in the Computer Software-Database industry group. Oracle and Couchbase are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
