CommVault Systems Shares Popped: What You Need to Know

Before you go, we thought you'd like these...
Before you go close icon

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Data storage provider CommVault Systems (NAS: CVLT) popped 11% in intraday trading today after the company reported better-than-expected earnings and revenue.

So what: First fiscal quarter non-GAAP EPS of $0.21 trounced the $0.17 consensus estimate and increased 91% year over year. GAAP EPS of $0.15 grew 88% year over year. Revenue of $91.5 million grew 38% year over year and was well ahead of the consensus expectation of $83.6 million.

Now what: The company said results were driven by "record enterprise software deals and improved results across all geographies." The press release stated the company made "substantial investments to position the company for longer term growth," a potential plus for the outlook. The company's revenue and earnings growth seem poised to continue at an impressive pace, pumping its non-GAAP P/E ratio up to 96 times and non-GAAP forward P/E ratio up to a still-rich 42 times.

Interested in more info on CommVault Systems? Add it to your watchlist byclicking here.

At the time this article was published Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners