CommVault Systems, Inc. (NASDAQ:CVLT) released its earnings results on Monday. The software maker reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05), Bloomberg Earnings reports. The company had revenue of $168.14 million during the quarter, compared to the consensus estimate of $170.15 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. CommVault Systems’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS.

Shares of CommVault Systems (CVLT) opened at 57.90 on Tuesday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 1015.79 and a beta of 1.40. The stock has a 50 day moving average of $60.91 and a 200-day moving average of $57.85. CommVault Systems has a 52 week low of $47.61 and a 52 week high of $64.60.

In other news, insider Al Bunte sold 30,001 shares of CommVault Systems stock in a transaction that occurred 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 owns 474,780 shares in the company, valued at approximately $28,491,547.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gary Merrill sold 3,072 shares of CommVault Systems stock in a transaction that occurred 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 approximately $1,409,040.78. The disclosure for this sale can be found here. Insiders sold a total of 53,507 shares of company stock valued at $3,229,997 in the last 90 days. Corporate insiders own 13.40% of the company’s stock.

Several research firms have recently weighed in on CVLT. Jefferies Group LLC boosted their target price on shares of CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Lake Street Capital boosted their target price on shares of CommVault Systems from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Stifel Nicolaus reissued a “buy” rating and issued a $75.00 target price (up previously from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. Royal Bank Of Canada reissued a “hold” rating on shares of CommVault Systems in a research report on Monday, October 9th. Finally, Mitsubishi UFJ Financial Group set a $70.00 target price on shares of CommVault Systems and gave the stock a “buy” rating in a research report on Tuesday, July 25th. 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. The company has a consensus rating of “Buy” and a consensus price target of $70.67.

COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/24/commvault-systems-inc-cvlt-releases-quarterly-earnings-results-misses-expectations-by-0-05-eps.html.

About CommVault Systems

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.