Wall Street brokerages forecast that CommVault Systems, Inc. (NASDAQ:CVLT) will post earnings per share of $0.53 for the current quarter, according to Zacks. Seven analysts have made estimates for CommVault Systems’ earnings. The highest EPS estimate is $0.55 and the lowest is $0.51. CommVault Systems posted earnings per share of $0.31 in the same quarter last year, which suggests a positive year-over-year growth rate of 71%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, April 30th.
On average, analysts expect that CommVault Systems will report full-year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $1.85. For the next financial year, analysts expect that the firm will report earnings of $2.41 per share, with EPS estimates ranging from $2.24 to $2.51. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover CommVault Systems.
CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, January 29th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.12. The firm had revenue of $184.28 million during the quarter, compared to analysts’ expectations of $180.66 million. CommVault Systems had a net margin of 0.57% and a return on equity of 5.78%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share.
A number of analysts have issued reports on the stock. Piper Jaffray Companies cut shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a research note on Monday, February 11th. Lake Street Capital lifted their target price on shares of CommVault Systems to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 30th. BidaskClub cut shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Monday. Finally, ValuEngine cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $75.14.
In other news, COO Al Bunte sold 64,167 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $67.82, for a total value of $4,351,805.94. Following the completion of the sale, the chief operating officer now directly owns 486,177 shares in the company, valued at $32,972,524.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Merrill sold 1,385 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $67.87, for a total transaction of $93,999.95. Following the completion of the sale, the insider now owns 16,152 shares of the company’s stock, valued at $1,096,236.24. The disclosure for this sale can be found here. Insiders sold 73,052 shares of company stock valued at $4,955,806 over the last 90 days. 13.40% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of CVLT. Fort L.P. acquired a new stake in shares of CommVault Systems in the fourth quarter worth $31,000. Captrust Financial Advisors lifted its stake in shares of CommVault Systems by 161.5% in the fourth quarter. Captrust Financial Advisors now owns 1,080 shares of the software maker’s stock worth $64,000 after buying an additional 667 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of CommVault Systems in the fourth quarter worth $117,000. Quantamental Technologies LLC acquired a new stake in shares of CommVault Systems in the fourth quarter worth $120,000. Finally, LS Investment Advisors LLC lifted its stake in shares of CommVault Systems by 71.7% in the fourth quarter. LS Investment Advisors LLC now owns 3,835 shares of the software maker’s stock worth $227,000 after buying an additional 1,601 shares during the last quarter. Institutional investors and hedge funds own 90.68% of the company’s stock.
NASDAQ CVLT traded down $0.22 during trading on Thursday, reaching $61.27. The company’s stock had a trading volume of 263,890 shares, compared to its average volume of 498,109. The stock has a market capitalization of $2.88 billion, a PE ratio of -103.85, a price-to-earnings-growth ratio of 3.07 and a beta of 1.23. CommVault Systems has a 1-year low of $51.53 and a 1-year high of $72.65.
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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