CommVault Systems (CVLT) Earns Daily Media Sentiment Rating of 0.11

Media headlines about CommVault Systems (NASDAQ:CVLT) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CommVault Systems earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.1047018109193 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

A number of equities research analysts recently commented on CVLT shares. KeyCorp reissued a “buy” rating and issued a $70.00 price objective on shares of CommVault Systems in a research note on Friday, September 1st. Mitsubishi UFJ Financial Group lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 25th. Wells Fargo & Company assumed coverage on shares of CommVault Systems in a report on Tuesday, November 14th. They issued an “outperform” rating and a $64.00 target price on the stock. BidaskClub upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of CommVault Systems in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. CommVault Systems currently has an average rating of “Hold” and an average target price of $70.00.

Shares of CommVault Systems (NASDAQ CVLT) traded down $0.10 during trading hours on Thursday, reaching $53.85. 278,000 shares of the company’s stock traded hands, compared to its average volume of 382,004. CommVault Systems has a one year low of $47.61 and a one year high of $64.60.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The company had revenue of $168.14 million for the quarter, compared to analyst estimates of $170.15 million. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. equities research analysts forecast that CommVault Systems will post 0.04 EPS for the current fiscal year.

In related news, insider Gary Merrill sold 7,260 shares of CommVault Systems stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $62.28, for a total transaction of $452,152.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brian Carolan sold 4,000 shares of CommVault Systems stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $61.90, for a total value of $247,600.00. The disclosure for this sale can be found here. Company insiders own 13.40% of the company’s stock.

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