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.

COPYRIGHT VIOLATION NOTICE: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/07/18/commvault-systems-inc-cvlt-scheduled-to-post-quarterly-earnings-on-tuesday.html.

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

Earnings History for CommVault Systems (NASDAQ:CVLT)

Receive News & Ratings for CommVault Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.