27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Summit Research issued an earnings preview for CommVault Systems, Inc. (NASDAQ: CVLT) Monday and reiterated its Buy rating and maintained its $62 price target.
Analyst Srini Sundararajan noted that “CommVault is scheduled to report F2Q15 results BMO on 10/28” and he expected “the company to be impacted by FX. The impact of FX is not reflected in consensus estimates.”
According to the report, “since the end of last quarter, the USD has strengthened 8 percent versus the Euro and about 7 percent versus the Japanese Yen.”
“We continue to believe CommVault has one of the best storage management software stacks in the industry, and with the right sales help and with the right selling model (for instance, the ability to buy individual solution sets), we believe the company can accelerate its growth to high teens and even low 20s,” according to Sundararajan.
The report concluded that “reflecting the possible impact of currency, our F2Q15 revenue is now $157mln (prior of $159.6) versus consensus of $158mln. Our EPS remains at $0.45, in line with consensus. Our F2015 revenue is now $665mln (prior of $670) but our EPS remains at $2.03, again in line with consensus.”
CommVault Systems, Inc. recently traded at $44.14. down 1.87 percent.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!