Wall Street brokerages expect CommVault Systems, Inc. (NASDAQ:CVLT) to post $0.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for CommVault Systems’ earnings, with estimates ranging from $0.31 to $0.41. CommVault Systems reported earnings per share of $0.54 in the same quarter last year, which suggests a negative year over year growth rate of 29.6%. The business is expected to report its next earnings report on Tuesday, February 4th.
On average, analysts expect that CommVault Systems will report full year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.57. For the next year, analysts expect that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.68 to $1.84. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow CommVault Systems.
CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. CommVault Systems had a positive return on equity of 7.18% and a negative net margin of 0.39%. The business had revenue of $167.58 million for the quarter, compared to analysts’ expectations of $163.28 million. During the same quarter in the prior year, the business earned $0.40 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis.
A number of equities research analysts recently weighed in on the company. BidaskClub upgraded CommVault Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. ValuEngine upgraded CommVault Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Thursday, October 31st. Finally, Jefferies Financial Group assumed coverage on CommVault Systems in a research note on Tuesday, October 8th. They issued a “buy” rating and a $59.00 price target on the stock. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $59.50.
CVLT traded down $0.78 during trading hours on Monday, reaching $49.84. The company’s stock had a trading volume of 321,835 shares, compared to its average volume of 488,714. CommVault Systems has a 52 week low of $40.73 and a 52 week high of $69.20. The company’s 50-day moving average is $48.54 and its 200-day moving average is $46.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.31 billion, a PE ratio of 83.07, a price-to-earnings-growth ratio of 10.44 and a beta of 1.13.
In other CommVault Systems news, COO Al Bunte sold 117,296 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $48.46, for a total transaction of $5,684,164.16. Following the transaction, the chief operating officer now owns 525,027 shares in the company, valued at approximately $25,442,808.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James J. Whalen sold 1,389 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $50.17, for a total value of $69,686.13. Following the transaction, the chief accounting officer now owns 19,594 shares in the company, valued at approximately $983,030.98. The disclosure for this sale can be found here. Insiders have sold a total of 119,332 shares of company stock worth $5,786,317 in the last quarter. Company insiders own 12.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CVLT. Nisa Investment Advisors LLC increased its position in CommVault Systems by 83.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 549 shares of the software maker’s stock worth $25,000 after buying an additional 249 shares during the period. Quadrant Capital Group LLC increased its position in CommVault Systems by 2,088.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 591 shares of the software maker’s stock worth $26,000 after buying an additional 564 shares during the period. Tower Research Capital LLC TRC bought a new position in CommVault Systems during the 2nd quarter worth $29,000. Ladenburg Thalmann Financial Services Inc. increased its position in CommVault Systems by 32.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,668 shares of the software maker’s stock worth $83,000 after buying an additional 410 shares during the period. Finally, Aperio Group LLC acquired a new stake in shares of CommVault Systems during the 2nd quarter worth $109,000. Hedge funds and other institutional investors own 92.72% of the company’s stock.
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. 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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