"You're a funny guy"- Ray Liotta, Goodfellas
When a company reports results that surprise you, all you can do is swallow them and move on. Reality in this business is you are going to be right and actually wrong, wrong and luckily proven right, just plain wrong, and from time to time spot on. But sometimes a company will report exactly what you expected, and the stock will still surprise you. Commvault (NASDAQ:CVLT) on Tuesday did precisely that. After reading the report and listening to the call, I fully expected the stock to be down 10%. At best maybe down 5%. Instead it finished up 10%.
How does that happen?
Let's take a look at the numbers.
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|