Share on StockTwits

Analysts at Needham & Company LLC reduced their price objective on shares of CommVault Systems (NASDAQ:CVLT) from $85.00 to $63.00 in a research report issued to clients and investors on Monday, Analyst Ratings News reports. Needham & Company LLC’s price target points to a potential upside of 35.34% from the company’s current price.

A number of other analysts have also recently weighed in on CVLT. 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. Separately, 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. Finally, analysts at Jefferies Group cut their price target on shares of CommVault Systems from $73.00 to $59.00 in a research note on Monday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.36.

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 52-week low of $45.34 and a 52-week high of $90.00. The stock’s 50-day moving average is $64.57 and its 200-day moving average is $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 posted its quarterly 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. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.