With 0.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. The 52-week range on CVLT shows that it touched its highest point at $190.11 and its lowest point at $92.36 during that stretch. It currently has a 1-year price target of $182.71. Beta for the stock currently stands at 0.62.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CVLT was down-trending over the past week, with a drop of -8.17%, but this was up by 5.51% over a month. Three-month performance surged to 0.69% while six-month performance rose 12.88%. The stock gained 83.80% in the past year, while it has gained 12.52% so far this year. A look at the trailing 12-month EPS for CVLT yields 3.81 with Next year EPS estimates of 4.05. For the next quarter, that number is 0.92. This implies an EPS growth rate of 19.28% for this year and 14.07% for next year. EPS is expected to grow by 16.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 118.73%.
Float and Shares Shorts:
At present, 44.02 million CVLT shares are outstanding with a float of 43.21 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVLT since 6 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.01091 being high and $2.917 being low. For CVLT, this leads to a yearly average estimate of $2.93698. Based on analyst estimates, the high estimate for the next quarter is $1.11 and the low estimate is $0.9. The average estimate for the next quarter is thus $0.97.
