CommVault Systems Inc. Reaches New 12-Month High at $88.57 (CVLT)
CommVault Systems (NASDAQ:CVLT)’s share price reached a new 52-week high during trading hours on Wednesday, American Banking News reports. The company traded as high as $88.57 and last traded at $88.42, with a volume of 206,918 shares traded. The stock had previously closed at $86.85.
Several analysts have recently commented on the stock. Analysts at Lazard Capital Markets set a $115.00 price target on shares of CommVault Systems (NASDAQ:CVLT) in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of CommVault Systems (NASDAQ:CVLT) from $74.00 to $78.00 in a research note to investors on Thursday, August 1st. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of CommVault Systems (NASDAQ:CVLT) from $65.00 to $75.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock.
Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $82.54.
CommVault Systems has a 52 week low of $52.84 and a 52 week high of $88.57. The stock has a 50-day moving average of $85.49 and a 200-day moving average of $78.38. The company has a market cap of $4.132 billion and a price-to-earnings ratio of 75.00.
CommVault Systems (NASDAQ:CVLT) last released its earnings data on Tuesday, July 30th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.05. The company had revenue of $134.40 million for the quarter, compared to the consensus estimate of $132.24 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts expect that CommVault Systems will post $1.71 EPS for the current fiscal year.
CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.
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