Equities analysts expect that CommVault Systems, Inc. (NASDAQ:CVLT) will report earnings per share (EPS) of $0.25 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for CommVault Systems’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.27. CommVault Systems also reported earnings per share of $0.25 during the same quarter last year. The company is scheduled to report its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that CommVault Systems will report full year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.24. For the next year, analysts expect that the business will post earnings of $1.50 per share, with EPS estimates ranging from $1.37 to $1.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The firm had revenue of $165.97 million during the quarter, compared to analyst estimates of $159.92 million. During the same quarter in the previous year, the business earned $0.21 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year.

Several equities analysts have issued reports on CVLT shares. Mitsubishi UFJ Financial Group set a $70.00 price target on shares of CommVault Systems and gave the company a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and issued a $75.00 price target (up from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. Lake Street Capital upped their price target on shares of CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Jefferies Group LLC upped their price target on shares of CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. CommVault Systems has a consensus rating of “Buy” and a consensus target price of $70.67.

CommVault Systems (CVLT) traded up 0.16% during mid-day trading on Friday, reaching $62.65. 130,823 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $60.52 and a 200-day moving average of $56.82. CommVault Systems has a 12 month low of $47.61 and a 12 month high of $64.60. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 1099.12 and a beta of 1.40.

In other news, insider Al Bunte sold 30,001 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the completion of the sale, the insider now directly owns 474,780 shares in the company, valued at $28,491,547.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Gary Merrill sold 3,072 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total transaction of $181,278.72. Following the sale, the insider now owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,247 shares of company stock valued at $3,521,044. 13.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CommVault Systems by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after buying an additional 203 shares during the period. US Bancorp DE increased its position in shares of CommVault Systems by 47.0% during the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after buying an additional 672 shares during the period. Riverhead Capital Management LLC increased its position in shares of CommVault Systems by 70.9% during the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after buying an additional 1,063 shares during the period. Pacad Investment Ltd. increased its position in shares of CommVault Systems by 88.9% during the second quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after buying an additional 1,600 shares during the period. Finally, OppenheimerFunds Inc. acquired a new stake in shares of CommVault Systems during the first quarter worth $201,000. Institutional investors own 88.45% of the company’s stock.

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Earnings History and Estimates for CommVault Systems (NASDAQ:CVLT)

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