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Research analysts at Jefferies Group reduced their target price on shares of CommVault Systems (NASDAQ:CVLT) from $78.00 to $73.00 in a report released on Thursday, reports. Jefferies Group’s target price points to a potential upside of 2.47% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Mizuho cut their price target on shares of CommVault Systems from $80.00 to $75.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Summit Research upgraded shares of CommVault Systems to a “buy” rating in a research note to investors on Tuesday, January 21st. Finally, 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $85.27.

CommVault Systems (NASDAQ:CVLT) traded up 2.59% on Thursday, hitting $71.24. 1,743,970 shares of the company’s stock traded hands. CommVault Systems has a one year low of $63.00 and a one year high of $90.00. The stock’s 50-day moving average is $72.97 and its 200-day moving average is $80.09. The company has a market cap of $3.368 billion and a price-to-earnings ratio of 56.96.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. Analysts expect that CommVault Systems will post $1.80 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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