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Stock impact report

This Tech Stock Just Crashed to a 52-Week Low: Should You Buy the Dip? [Yahoo! Finance]

Commvault Systems, Inc. (CVLT) 
Last commvault systems, inc. earnings: 1/29 07:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.commvault.com
Company Research Source: Yahoo! Finance
The stock was in free fall Tuesday, down some 33% to $86.80 per share, a 52-week low. The sell-off comes despite solid quarterly results, as the firm had record revenue and beat revenue and earnings estimates. Revenue was up 19% year over year in the quarter to a record $314 million. About two-thirds of its revenue comes from subscriptions for its software, and that rose 30% to $206 million, while annual recurring revenue (ARR) from subscriptions jumped 28% to $941 million. The rest comes from its legacy revenue stream, licenses, which were up 22% to $119 million. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Earnings rose 60% to $0.40 per share, while adjusted earnings rose 24% to $1.24 per share. It's not like investors were taking profits, as the stock had been down 18% over the past year prior to the sell-off. The share price is now down 45% over the Show less Read more
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