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CommVault Systems (NASDAQ:CVLT)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. They currently have a $50.00 price objective on the stock, down from their previous price objective of $70.00. Credit Suisse’s price target would suggest a potential upside of 7.41% from the stock’s previous close.

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 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.

Several other analysts have also recently commented on the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of CommVault Systems in a research note on Monday. They now have a $64.00 price target on the stock, down previously from $93.00. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price 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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