Commvault Systems saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Commvault Systems is currently forming a double bottom, with a 174.58 entry. Look for the stock to break out in heavy trade at least 40% higher than normal.
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The stock sports a 94 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 94% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported a 21% rise in earnings for Q3. It has now posted accelerating EPS gains for three consecutive quarters. Revenue growth climbed 21%, up from 16% in the prior report. The company has now posted rising growth in each of the last three reports. The company's next quarterly report is expected on or around Apr. 29.
Commvault Systems earns the No. 1 rank among its peers in the Computer Software-Database industry group. Progress Software and Dropbox are also among the group's highest-rated stocks.
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