Analysts Set CommVault Systems, Inc. (NASDAQ:CVLT) PT at $61.60

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have earned an average rating of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $61.60.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Royal Bank of Canada set a $50.00 price objective on shares of CommVault Systems and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research lowered shares of CommVault Systems from a “hold” rating to a “sell” rating in a research note on Tuesday.

Shares of NASDAQ:CVLT traded up $0.87 during mid-day trading on Friday, hitting $45.21. The company had a trading volume of 454,906 shares, compared to its average volume of 505,883. The firm has a fifty day moving average price of $43.53 and a 200 day moving average price of $51.54. The company has a market capitalization of $2.04 billion, a PE ratio of 75.32, a price-to-earnings-growth ratio of 13.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.91. CommVault Systems has a one year low of $40.73 and a one year high of $70.45.



CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $162.20 million during the quarter, compared to analyst estimates of $170.53 million. CommVault Systems had a net margin of 0.76% and a return on equity of 6.57%. CommVault Systems’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Research analysts expect that CommVault Systems will post 0.24 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in CommVault Systems by 1.6% during the 1st quarter. BlackRock Inc. now owns 4,673,251 shares of the software maker’s stock valued at $302,546,000 after purchasing an additional 73,168 shares in the last quarter. Mackenzie Financial Corp increased its stake in CommVault Systems by 46.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,188,361 shares of the software maker’s stock valued at $108,586,000 after purchasing an additional 697,987 shares in the last quarter. Renaissance Technologies LLC increased its stake in CommVault Systems by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,866,287 shares of the software maker’s stock valued at $92,605,000 after purchasing an additional 6,200 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CommVault Systems by 11.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,032,948 shares of the software maker’s stock valued at $51,255,000 after purchasing an additional 110,074 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in CommVault Systems by 68.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 963,950 shares of the software maker’s stock valued at $47,831,000 after purchasing an additional 392,043 shares in the last quarter. Institutional investors and hedge funds own 87.14% of the company’s stock.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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