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CommVault Systems (NASDAQ:CVLT) shares hit a new 52-week low during mid-day trading on Tuesday , reports. The stock traded as low as $45.20 and last traded at $50.97, with a volume of 2,143,702 shares traded. The stock had previously closed at $49.35.

CVLT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of CommVault Systems from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $48.50 price target on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $60.88.

The stock’s 50-day moving average is $48. and its 200-day moving average is $58.89. The company has a market cap of $2.375 billion and a price-to-earnings ratio of 38.26.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $152.60 million for the quarter, compared to the consensus estimate of $151.00 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Analysts expect that CommVault Systems will post $2.04 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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