Commvault Systems saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 97.
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The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria.
Commvault Systems is currently forming a consolidation, with a 200.69 entry. Look for the stock to break out in heavy trade at least 40% higher than normal.
The stock has a 95 EPS Rating, meaning its recent quarterly and 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 reported a 19% increase in earnings for Q1. Revenue growth increased 26%, up from 23% in the prior report. That marks five consecutive reports with rising growth. The company's next quarterly report is expected on or around Oct. 28.
Commvault Systems holds the No. 2 rank among its peers in the Computer Software-Database industry group. MongoDB is the top-ranked stock within the group.
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.
