CommVault Systems (CVLT) Scheduled to Post Quarterly Earnings on Tuesday
CommVault Systems (NASDAQ:CVLT) is scheduled to be announcing its Q214 earnings results on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $140.11 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
CommVault Systems (NASDAQ:CVLT) last announced its earnings results 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. On average, analysts expect CommVault Systems to post $1.72 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.
Shares of CommVault Systems (NASDAQ:CVLT) opened at 83.95 on Monday. CommVault Systems has a 52-week low of $52.84 and a 52-week high of $88.57. The stock’s 50-day moving average is $84.94 and its 200-day moving average is $78.05. The company has a market cap of $3.923 billion and a P/E ratio of 73.46.
A number of research firms have recently commented on CVLT. Analysts at Lazard Capital Markets reiterated a “buy” rating on shares of CommVault Systems in a research note to investors on Wednesday, October 16th. On a related note, analysts at Jefferies Group reiterated a “hold” rating on shares of CommVault Systems in a research note to investors on Thursday, September 26th. They now have a $78.00 price target on the stock. Finally, analysts at Pacific Crest raised their price target on shares of CommVault Systems from $92.00 to $105.00 in a research note to investors on Thursday, September 26th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $80.92.
CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.
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