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.
So what: The soft figures from Oracle are sparking fears throughout the software sector, with business spending in question. As one of the leaders of the pack, investors are assuming weakness at Oracle signals weakness at other software vendors.
Now what: Other players in the space are getting slammed, too, includingTIBCO Software (NAS: TIBX) and salesforce.com (NYS: CRM) . While some of the connections drawn are valid with overall business spending levels, 20% is quite an overreaction. Just because shares are getting crushed on massive volume doesn't necessarily mean CommVault deserves it. It's still one of the top growers in systems software.
Interested in more info on CommVault Systems? Add it to your watchlist byclicking here.
At the time thisarticle was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool owns shares of Oracle.Motley Fool newsletter serviceshave recommended buying shares of TIBCO Software and salesforce.com.Motley Fool newsletter serviceshave recommended shorting salesforce.com. Try any of our Foolish newsletter servicesfree for 30 days. 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.
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