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CommVault Systems (NASDAQ:CVLT)‘s stock had its “buy” rating reaffirmed by equities researchers at Sterne Agee in a research report issued on Monday, AnalystRatingsNetwork reports. They currently have a $64.00 price objective on the stock, down from their previous price objective of $93.00. Sterne Agee’s price objective would suggest a potential upside of 37.49% from the company’s current price.

CVLT has been the subject of a number of other recent research reports. Analysts at Needham & Company LLC cut their price target on shares of CommVault Systems from $85.00 to $63.00 in a research note on Monday. Separately, analysts at Pacific Crest cut their price target on shares of CommVault Systems from $105.00 to $65.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at JMP Securities cut their price target on shares of CommVault Systems from $80.00 to $65.00 in a research note on Monday. They now have a “market outperform” rating on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. CommVault Systems currently has a consensus rating of “Buy” and an average price target of $64.36.

CommVault Systems (NASDAQ:CVLT) traded up 1.04% on Monday, hitting $46.55. 1,327,993 shares of the company’s stock traded hands. CommVault Systems has a 1-year low of $45.34 and a 1-year high of $90.00. The stock has a 50-day moving average of $64.57 and a 200-day moving average of $71.43. The company has a market cap of $2.211 billion and a price-to-earnings ratio of 34.95.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. The company had revenue of $156.80 million for the quarter, compared to the consensus estimate of $160.05 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that CommVault Systems will post $2.05 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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