CommVault Systems (CVLT) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS
CommVault Systems (NASDAQ:CVLT) posted its quarterly earnings results on Wednesday. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.10, AnalystRatingsNetwork reports. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $148.95 million.
A number of analysts have recently weighed in on CVLT shares. Analysts at Summit Research upgraded shares of CommVault Systems to a “buy” rating in a research note to investors on Tuesday, January 21st. On a related note, analysts at Macquarie initiated coverage on shares of CommVault Systems in a research note to investors on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $86.18.
Shares of CommVault Systems (NASDAQ:CVLT) opened at 76.10 on Wednesday. CommVault Systems has a 1-year low of $66.00 and a 1-year high of $90.00. The stock’s 50-day moving average is $73.03 and its 200-day moving average is $80.17. The company has a market cap of $3.598 billion and a price-to-earnings ratio of 59.42.
CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.
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