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Equities research analysts at Mizuho decreased their target price on shares of CommVault Systems (NASDAQ:CVLT) from $80.00 to $75.00 in a research note issued to investors on Wednesday, reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential downside of 1.45% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Summit Research upgraded shares of CommVault Systems to a “buy” rating in a research note to investors on Tuesday, January 21st. Separately, 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 given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $85.73.

Shares of CommVault Systems (NASDAQ:CVLT) traded down 8.24% on Wednesday, hitting $69.83. The stock had a trading volume of 4,697,995 shares. CommVault Systems has a 52 week low of $66.00 and a 52 week high of $90.00. The stock has a 50-day moving average of $73.03 and a 200-day moving average of $80.17. The company has a market cap of $3.302 billion and a price-to-earnings ratio of 62.43.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Wednesday, January 29th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.10. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $148.95 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Analysts expect that CommVault Systems will post $1.79 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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