Commvault Systems (NASDAQ:CVLT) posted its earnings results on Tuesday. The software maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.48 by $0.11, MarketWatch Earnings reports. Commvault Systems had a negative net margin of 4.47% and a positive return on equity of 4.52%. The business had revenue of $191.34 million for the quarter, compared to the consensus estimate of $182.37 million. During the same period last year, the company earned $0.30 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year.
Shares of NASDAQ:CVLT traded up $1.38 during mid-day trading on Tuesday, hitting $69.92. The company had a trading volume of 13,703 shares, compared to its average volume of 350,650. The firm has a fifty day moving average price of $67.08 and a 200 day moving average price of $58.06. The company has a market capitalization of $3.29 billion, a PE ratio of -103.85, a price-to-earnings-growth ratio of 8.17 and a beta of 0.79. Commvault Systems has a one year low of $34.42 and a one year high of $72.33.
In other news, Director David F. Walker sold 7,500 shares of Commvault Systems stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $65.00, for a total value of $487,500.00. Following the completion of the sale, the director now owns 60,957 shares in the company, valued at approximately $3,962,205. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James J. Whalen sold 2,904 shares of Commvault Systems stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $70.35, for a total transaction of $204,296.40. Following the completion of the sale, the chief accounting officer now owns 26,201 shares of the company’s stock, valued at approximately $1,843,240.35. The disclosure for this sale can be found here. Insiders sold a total of 15,745 shares of company stock valued at $1,018,463 in the last quarter. 1.01% of the stock is currently owned by company insiders.
About Commvault Systems
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. It offers Commvault Complete Backup & Recovery, a backup and recovery solution for enterprises; and Commvault HyperScale Technology, an add-on for Commvault Complete that delivers an on-premises, cloud-like infrastructure to support scale-out secondary storage.
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