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Analysts at JMP Securities dropped their price objective on shares of CommVault Systems (NASDAQ:CVLT) from $80.00 to $65.00 in a research report issued to clients and investors on Monday, American Banking News reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 39.63% from the company’s current price.

Several other analysts have also recently commented on the stock. 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. Separately, analysts at Macquarie cut their price target on shares of CommVault Systems from $85.00 to $57.00 in a research note on Monday. Finally, analysts at Monness Crespi & Hardt downgraded shares of CommVault Systems from a “buy” rating to a “neutral” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. CommVault Systems has a consensus rating of “Buy” and a consensus price target of $64.36.

CommVault Systems (NASDAQ:CVLT) traded up 1.04% 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 announced its earnings results on Friday, April 25th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters 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 prior 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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