Commvault Systems (CVLT) Scheduled to Post Earnings on Tuesday

Commvault Systems (NASDAQ:CVLT) is set to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Commvault Systems to post earnings of $0.73 per share for the quarter. Commvault Systems has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The company had revenue of $216.81 million for the quarter, compared to the consensus estimate of $208.01 million. Commvault Systems had a positive return on equity of 32.27% and a negative net margin of 0.09%. Commvault Systems’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS. On average, analysts expect Commvault Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Commvault Systems Trading Up 1.2 %

Shares of CVLT opened at $98.30 on Friday. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of -3,275.57 and a beta of 0.62. The stock has a 50 day moving average of $97.48 and a 200-day moving average of $83.87. Commvault Systems has a 52 week low of $57.46 and a 52 week high of $102.21.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Commvault Systems from $86.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. KeyCorp upgraded Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 price objective for the company in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.60.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, Director Allison Pickens sold 990 shares of Commvault Systems stock in a transaction on Monday, February 26th. The stock was sold at an average price of $94.73, for a total transaction of $93,782.70. Following the sale, the director now owns 7,206 shares of the company’s stock, valued at approximately $682,624.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Allison Pickens sold 990 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $94.73, for a total value of $93,782.70. Following the sale, the director now owns 7,206 shares of the company’s stock, valued at approximately $682,624.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 21,494 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.82, for a total value of $2,102,543.08. Following the completion of the sale, the chief executive officer now directly owns 399,356 shares in the company, valued at approximately $39,065,003.92. The disclosure for this sale can be found here. Insiders have sold 23,306 shares of company stock valued at $2,276,265 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

About Commvault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.