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Stock analysts at Jefferies Group cut their price target on shares of CommVault Systems (NASDAQ:CVLT) from $73.00 to $59.00 in a report issued on Monday, AmericanBankingNews.com reports. Jefferies Group’s price target indicates a potential upside of 26.75% from the stock’s previous close.

Shares of CommVault Systems (NASDAQ:CVLT) traded up 1.04% during mid-day trading on Monday, hitting $46.55. The stock had a trading volume of 1,327,993 shares. CommVault Systems has a one year low of $45.34 and a one 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 P/E ratio of 34.95.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Friday, April 25th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.41 earnings per share. CommVault Systems’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that CommVault Systems will post $2.05 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie cut their price target on shares of CommVault Systems from $85.00 to $57.00 in a research note on Monday. Separately, analysts at Monness Crespi & Hardt downgraded shares of CommVault Systems from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, analysts at RBC Capital cut their price target on shares of CommVault Systems from $76.00 to $61.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.36.

CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.

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