Analysts expect CommVault Systems, Inc. (NASDAQ:CVLT) to announce $182.75 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for CommVault Systems’ earnings. The highest sales estimate is $191.90 million and the lowest is $180.60 million. CommVault Systems reported sales of $180.37 million during the same quarter last year, which indicates a positive year over year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 23rd.
According to Zacks, analysts expect that CommVault Systems will report full-year sales of $720.74 million for the current fiscal year, with estimates ranging from $714.70 million to $748.80 million. For the next financial year, analysts anticipate that the firm will report sales of $786.94 million, with estimates ranging from $775.00 million to $809.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover CommVault Systems.
CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 30th. The software maker reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $169.08 million during the quarter, compared to analysts’ expectations of $179.08 million. CommVault Systems had a positive return on equity of 2.96% and a negative net margin of 9.61%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS.
A number of equities analysts have recently commented on CVLT shares. Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, October 9th. ValuEngine upgraded CommVault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, BidaskClub upgraded CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 29th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $76.57.
In related news, Director Vivie Lee sold 860 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $69.75, for a total transaction of $59,985.00. Following the completion of the transaction, the director now owns 4,364 shares in the company, valued at approximately $304,389. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlueMountain Capital Management LLC boosted its holdings in CommVault Systems by 134.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 2,214 shares of the software maker’s stock valued at $146,000 after acquiring an additional 1,270 shares during the period. NumerixS Investment Technologies Inc purchased a new position in CommVault Systems during the 2nd quarter valued at $160,000. Engineers Gate Manager LP purchased a new position in CommVault Systems during the 3rd quarter valued at $203,000. Cubist Systematic Strategies LLC purchased a new position in CommVault Systems during the 1st quarter valued at $171,000. Finally, Oakbrook Investments LLC purchased a new position in CommVault Systems during the 2nd quarter valued at $211,000. Institutional investors own 90.63% of the company’s stock.
Shares of CommVault Systems stock opened at $58.39 on Friday. The company has a market capitalization of $2.53 billion, a PE ratio of -98.97, a P/E/G ratio of 5.85 and a beta of 1.17. CommVault Systems has a one year low of $48.35 and a one 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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