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CommVault Systems (NASDAQ:CVLT) has earned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, StockRatingsNetwork.com reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $62.00.

Shares of CommVault Systems (NASDAQ:CVLT) opened at 51.36 on Wednesday. CommVault Systems has a 52 week low of $45.34 and a 52 week high of $90.00. The stock has a 50-day moving average of $55.39 and a 200-day moving average of $66.87. The company has a market cap of $2.423 billion and a price-to-earnings ratio of 39.81.

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. On average, analysts predict that CommVault Systems will post $2.03 earnings per share for the current fiscal year.

In other CommVault Systems news, Director Robert Kurimsky purchased 4,000 shares of CommVault Systems stock on the open market in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $49.98 per share, for a total transaction of $199,920.00. Following the acquisition, the director now directly owns 40,194 shares in the company, valued at approximately $2,008,896. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on CVLT. Analysts at Goldman Sachs cut their price target on shares of CommVault Systems from $60.00 to $58.00 in a research note on Thursday, May 22nd. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of CommVault Systems in a research note on Monday, April 28th. They now have a $50.00 price target on the stock, down previously from $70.00. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of CommVault Systems in a research note on Monday, April 28th. They now have a $64.00 price target on the stock, down previously from $93.00.

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

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