CommVault Systems, Inc. (CVLT) Scheduled to Post Quarterly Earnings on Tuesday
CommVault Systems, Inc. (NASDAQ:CVLT) is scheduled to post its quarterly earnings results before the market opens on Tuesday, July 25th. Analysts expect CommVault Systems to post earnings of $0.19 per share for the quarter.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.27. CommVault Systems had a net margin of 0.08% and a negative return on equity of 1.04%. The firm had revenue of $172.90 million during the quarter, compared to analysts’ expectations of $166.32 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, analysts expect CommVault Systems to post $0.19 EPS for the current fiscal year and $0.29 EPS for the next fiscal year.
Shares of CommVault Systems, Inc. (CVLT) opened at 59.75 on Tuesday. CommVault Systems, Inc. has a 12 month low of $44.05 and a 12 month high of $60.00. The stock has a 50 day moving average of $56.66 and a 200 day moving average of $52.88. The stock has a market cap of $2.69 billion, a PE ratio of 5975.00 and a beta of 1.44.
Several analysts have recently weighed in on the stock. Jefferies Group LLC restated a “buy” rating and set a $67.00 price objective on shares of CommVault Systems in a research report on Friday. BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. TheStreet downgraded shares of CommVault Systems from a “b” rating to a “c” rating in a research report on Monday, June 5th. Mizuho restated a “buy” rating and set a $62.00 price objective on shares of CommVault Systems in a research report on Tuesday, June 20th. Finally, ValuEngine upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. CommVault Systems has a consensus rating of “Buy” and a consensus target price of $60.22.
In related news, insider Gary Merrill sold 5,246 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $55.06, for a total value of $288,844.76. Following the completion of the sale, the insider now owns 20,822 shares in the company, valued at approximately $1,146,459.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Ronald L. Miiller sold 90,500 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $57.50, for a total transaction of $5,203,750.00. Following the completion of the sale, the senior vice president now owns 137,409 shares of the company’s stock, valued at approximately $7,901,017.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,730 shares of company stock valued at $9,893,788. 13.40% of the stock is owned by insiders.
CommVault Systems Company Profile
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