CommVault Systems Coverage Initiated at Macquarie (CVLT)
Research analysts at Macquarie initiated coverage on shares of CommVault Systems (NASDAQ:CVLT) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.08. The company had revenue of $141.90 million for the quarter, compared to the consensus estimate of $140.11 million. During the same quarter last year, the company posted $0.38 earnings per share. CommVault Systems’s revenue was up 20.1% compared to the same quarter last year.
A number of other analysts have also recently weighed in on CVLT. Analysts at BMO Capital Markets initiated coverage on shares of CommVault Systems in a research note to investors on Wednesday, December 4th. They set an “outperform” rating and a $105.00 price target on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of CommVault Systems in a research note to investors on Wednesday, December 4th. They set a “market perform” rating on the stock. Finally, analysts at Monness Crespi & Hardt initiated coverage on shares of CommVault Systems in a research note to investors on Monday, November 25th. They set a “buy” rating and a $90.00 price target on the stock. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. CommVault Systems has a consensus rating of “Buy” and a consensus price target of $86.18.
CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.